Yelp (YELP) Gains as Analyst Says Share Conversion Makes Takeover 'Easier', 'More Likely'

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Go back to Yelp (YELP) Gains as Analyst Says Share Conversion Makes Takeover 'Easier', 'More Likely'

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Yelp (YELP) Higher on Twitter Chatter and Movement to Single Class of Stock

September 23, 2016 9:49 AM EDT

Yelp (NYSE: YELP) is bid solidly higher Friday likely on the reports Twitter (NYSE: TWTR) is moving closer to a sale. YELP is up 6.3%, while TWTR is up 19.3%.

Also helping is news the company... More

Yelp (YELP) to Create Single Class of Stock

September 23, 2016 8:59 AM EDT

Yelp Inc. (NYSE: YELP) 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 stock, and Yelp does not... More