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Article: Plains Resources reverse splits common; lists on American Stock Exchange.
- Article from:
- PR Newswire
- Article date:
- February 20, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PLAINS RESOURCES REVERSE SPLITS COMMON;
LISTS ON AMERICAN STOCK STOCK EXCHANGE
HOUSTON, Feb. 20 /PRNewswire/ -- Plains Resources (AMEX: PLX.WI) today announced that a 1-for-5 reverse split of its common stock has been approved by shareholders and that its post-split shares are now trading on the American Stock Exchange.
Plains said that its post-split common shares are trading on a "when issued" basis under the ticker symbol PLX.WI and closed on Friday at a post-split price of 7-7/8. When 50 percent of its pre-split shares have been exchanged for new certificates, Plains' common will trade "regular ...