Stone Energy (SGY) Closes One-for-Ten Reverse Stock Split

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Stone Energy Corporation Announces Completion of Reverse Stock Split

June 13, 2016 8:08 AM EDT

LAFAYETTE, La., June 13, 2016 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced that at the close of business on June 10, 2016, it effected a 1-for-10 reverse stock split. Every 10 shares of Stone's issued and outstanding common stock were automatically converted into one share of common stock. Stone's common stock will begin trading on a split-adjusted basis when the market opens on June 13, 2016.

Pursuant to the reverse stock split, every 10 shares of Stone's issued and outstanding common stock (and such shares held in treasury) were automatically... More