American International Group, Inc. (AIG) stock is significantly higher today due to a reverse stock split voted at the annual shareholders meeting yesterday. As of 7:42am EST on July 1, 2009, AIG shares are trading at $20.33 but will adjust as pre market opens. AIG has voted on a 1-20 reverse stock split. The amount of your shares decreases by 20 times while the stock price increases by 20 times. AIG stock should open and trade around $23.20 given the $1.16 close on June 30.
AIG Reverse Split - 7/1/09
Approved by a vote of 12,133,960,487 shares for and 228,802,024 shares against, with 46,155,155 shares abstaining, a proposal to amend AIG’s Restated Certificate of Incorporation to effect a reverse stock split of AIG’s outstanding common stock at a ratio of one-for-twenty
AIG shareholders press release
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Showing posts with label aig reverse stock split. Show all posts
Showing posts with label aig reverse stock split. Show all posts
Wednesday, July 1, 2009
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