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Article: Andrx Corporation-Cybear Group Stock To Be Converted Into Andrx Corporation-Andrx Group Common Stock.
- Article from:
- Business Wire
- Article date:
- March 28, 2002
CopyrightCOPYRIGHT 2002 Business Wire. 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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Business Editors & Health/Medical Writers
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 28, 2002
Andrx Corporation today announced that it plans to convert all outstanding shares of Andrx Corporation - Cybear Group common stock (Nasdaq:CYBA) into shares of Andrx Corporation - Andrx Group common stock (Nasdaq:ADRX) effective May 17, 2002. Each outstanding share of Cybear Group common stock will be converted into 0.00964 of a share of Andrx Group common stock. Following the conversion, Andrx Group common stock will constitute the only outstanding common stock of Andrx Corporation, and will continue to trade on The Nasdaq National Market under the ticker ...