Citi Plans Reverse Stock Split - Analyst BlogZacks Equity Research
The bank said it hopes to launch the exchange offer in early April, subject to regulatory approval. Citi also said it is asking for approval to execute a reverse stock split of its common stock. In its filing, Citi also said it is seeking permission for a reverse stock split, but did ...
➢ consider an advisory vote on the frequency of future advisory votes on executive compensation, ➢ approve an extension of the Board's authority to effect a reverse stock split, ➢ act on certain stockholder proposals, and ➢ consider any other business properly brought before the meeting...
Citigroup's largest stakeholder, the U.S. Treasury, announced that it completed the sale of 1.5 billion shares of the bank and plans to sell an additional 1.5 billion by the end of the quarter.
The statements made on the face and reverse of this ADR are summaries of certain provisions of the Deposit Agreement and the Articles of Association of the Company (as in effect on the date of the signing of the Deposit Agreement) and are qualified by and subject to the detailed provisions...
Repo-style transactions consist of repurchase or reverse repurchase transactions, or securities borrowing or securities lending transactions, including transactions in which Citi acts as agent for a customer and indemnifies the customer against loss, and are based on securities taken or given as ...
The article discusses a reverse stock split by financial-services firm Citigroup Inc. that drastically reduced the firm's share count and raised its stock price to over $40. Chief executive Vikram Pandit emphasized that the maneuver neither created nor destroyed value for shareholders. Research by ...
Citigroup says the project will generate savings in the next few years well in excess of the project costs. Citigroup is planning to do a reverse split of its shares, which would have the effect of boosting the stock value.RIEKERMATTHIASEckbladMarshall...
Reference is hereby made to select provisions of the Series BB Preferred Stock set forth on the reverse hereof, and to the Certificate of Designations, which select provisions and the Certificate of Designations shall for all purposes have the same effect as if set forth at this place. Upon...
Included in the net federal DTA of $36.5 billion are deferred tax liabilities of $4 billion that will reverse in the relevant carryforward period and may be used to support the DTA. The major components of the U.S. Federal DTA are $10.5 billion in foreign tax credit carryforwards, $4.6...