Yelp (YELP) Gains as Analyst Says Share Conversion Makes Takeover 'Easier', 'More Likely'
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Yelp Announces Conversion of Class A and Class B Common Stock into a Single Class of Common Stock
September 23, 2016 8:57 AM EDTSAN FRANCISCO--(BUSINESS WIRE)-- Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today announced that all outstanding shares of its Class A and Class B common stock automatically converted into a single class of common stock on a one-for-one basis, effective at 5:00 p.m. Eastern time on September 22, 2016. The conversion had no effect on the economic rights of holders of shares of Class A common stock or Class B common stock, except for the elimination of the different voting powers of the two classes of... More
