Cowen Group (COWN) Approves 1-for-4 Reverse Stock Split
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Cowen Announces Reverse Stock Split
November 9, 2016 4:01 PM ESTNEW YORK--(BUSINESS WIRE)-- Cowen Group, Inc. (NASDAQ: COWN) (Cowen or the Company) today announced that its Board of Directors has approved a reverse stock split of the Companys outstanding shares of common stock at a ratio of one-for-four.
The reverse stock split is scheduled to take effect at 5:00 PM Eastern Time on December 2, 2016 (the Effective Time). At the Effective Time, the number of the Companys authorized shares of Class A and Class B common stock will be reduced, on a one-for-four basis. The par value in each share of common stock will... More
