trending Market Intelligence /marketintelligence/en/news-insights/trending/APdqTkwCJyCvf5UuzKrKzA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Cowen Group board seeks to effect reverse stock split

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Cowen Group board seeks to effect reverse stock split

Cowen GroupInc.'s board proposed an amendment to its articles of incorporationthat would effect a 1-for-4 reverse stock split, according a preliminary proxystatement filed April 29.

The board plans to effect the reverse stock split of theclass A common stock at any time before June 30, 2017, if shareholders approvedthe proposal. The purpose of the reverse stock split is to increase theper-share market price of the company's common stock.

The board recommends that shareholders vote for the reversestock split at Cowen Group's annual shareholder meeting scheduled for June 14.