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Shareholders otherwise entitled to receive a fractional share as a result of the reverse stock split will receive a cash payment in lieu of such fractional shares.Given our status as a minority investor, we have limited contractual and other rights to information with respect to Fuji Xerox matters. We were not involved in the investigation, including in determining its scope and timing, and are therefore reliant on Fuji Xerox and Fujifilm to provide information to us. Although the independent investigation committee’s report has been issued and we are not aware of any additional adjustments, additional issues may be identified that may require material adjustments to the amount and timing of charges that we have already recognized or expect to recognize. We can provide no assurances relative to the outcome of any potential governmental investigations or any consequences thereof. To learn more about XpresSpa, visit www.XpresSpa.com.The reverse stock split is scheduled to take effect after the market closes on June 10, 2020 (the "Effective Time").
This was a 1 for 4 reverse split, meaning for each 4 shares of XRX owned pre-split, the shareholder now owned 1 share.
Electric Start With Pull Start Backup, Can Start Without A Battery. Consequently, the company proposed the reverse stock split, which is intended to increase the per share trading price of Xerox common stock and should improve its liquidity and facilitate its trading.The company’s common stock dividend has been adjusted on a proportional basis. As a result of the reverse stock split, every three (3) shares of the Company’s pre-reverse split Common Stock will be combined and reclassified into one (1) share of Common Stock. NORWALK, Conn. — Xerox Corporation (NYSE: XRX) reported today that it has completed the previously announced reverse stock split of Xerox common stock at a ratio of one-for-four shares, together with a proportionate reduction in the authorized shares of its common stock from 1,750,000,000 shares to 437,500,000 shares. Xerox common stock continues to trade on the New York Stock Exchange under the symbol “XRX”, although a new CUSIP number (984121 608) has been assigned to the common stock because of the reverse stock split.The company’s transfer agent, Computershare Inc., is acting as exchange agent for the reverse stock split.
A practical example is giving somebody a $20 dollar bill for their two $10 bills. Shares of the Common Stock are expected to begin trading on a split … To learn more about XpresSpa Group, visit www.XpresSpaGroup.com. Xerox’s next quarterly cash dividend, payable on July 31, 2017, will be 25 cents per share on Xerox common stock.
2020 TRAILMASTER MINI XRX-REVERSE. To learn more about XpresSpa Group, visit www.XpresSpaGroup.com. Stock split history for Xerox since 1977.