Skip to main content

Arch Coal postpones stock split

Published by
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 .

Read the article online at: https://www.worldcoal.com/mining/28072015/arch-coal-postpones-reverse-stock-split-2640/

You might also like

Tlou Energy provides Lesedi Project finance update

Tlou Energy has signed a convertible note agreement with Botswana Public Officers Pension Fund (BPOPF) and has also agreed terms for an equity investment by BPOPF for the Lesedi Project.

 
 

Embed article link: (copy the HTML code below):