Arch Coal postpones stock split
Published by Jonathan Rowland,
Editor
World Coal,
Arch Coal has postponed its planned ten-for-one reverse stock split for “administrative purposes”, the company said in a statement yesterday. The reverse stock split had been planned for after market close on 27 July but will now take place on 3 August.
The company had planned the reverse stock split to help boost its share price, which is currently languishing at around 20 cents per share, and avoid following Alpha Natural Resources into delisting from the New York Stock Exchange.
Written by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/coal/28072015/arch-coal-postpones-reverse-stock-split-2640/
You might also like
Warrior awarded federal coal leases by the Bureau of Land Management
Warrior Met Coal has announced that its subsidiaries have been awarded federal coal leases by the Bureau of Land Management, enabling the expansion of its mining operations in Alabama.