Send to a Friend Share

NYSE Issues Statement On "TBH"

November 24, 2009 3:25 PM EST
The NYSE issued a statement on Brazilian Telecommunications Corp. (NYSE: TBH), in view of the unusual market activity is stock. The exchange is re-confirming its previously announced distribution, ratio and ex-distribution date of Telecomunicacoes Brasileiras S.A.-Telebras.

As previously announced, the NYSE was advised that BNY Mellon distributed on November 23, 2009:
  • 0.3032056 of a American Depositary Share (Each representing three Preferred Shares) (NYSE: BTM) of Brasil Telecom, S.A. for each (1) share of Telebras HOLDRS held.

-AND-
  • 0.1720066 of a (New) American Depositary Share (Each representing One Common Share) (CUSIP 10553M 20 0) (Symbol "BTM.C") of Brasil Telecom, S.A. for each (1) share of Telebras HOLDRS held.


"TBH" was quoted "ex-distribution" today, November 24, 2009.

You May Also Be Interested In


Related Categories

Corporate News, Trader Talk

Add Your Comment





Follow StreetInsider.com On Twitter