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The split will double the number of shares to 194.4 million while halving the value of each share.
The split will double the number of shares to 142 million while halving the value of each share.
Instead of each share being worth a dollar for every dollar invested, it said its customers' shares were worth only 97 cents.
Those reports have never been released to shareholders, but former board members have said the studies urged that a sale be considered and estimated the value of each share at $300 or more.
After paying the unlicensed sales agents commissions of up to 70percentt of the price of each share of Maid Aide sold, the indictment said, the five men pocketed about $3 million in profits.
Although their investment has never appreciated in value -- the cooperative sets the price of each share at $25 -- the farmers have been assured a buyer for their harvests, in good years and bad.
Similar(42)
Altria shareholders received 0.69 of a share of Kraft for each share of Altria common stock.
Under the terms of the agreement with Ticketmaster, USA will exchange 0.935 shares of USA for each share of Ticketmaster.
Chase is offering to issue 3.7 new shares of stock for each share of Morgan stock.
Fotoball stockholders will receive 0.2757 share of K2 for each share of Fotoball they own, K2 said.
The $6.2 billion bid is an all-stock offer, 0.485 share of Exelon for each share of NRG.
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