Novartis Shareholders And Novartis ADR Holders Will Receive One Sandoz Share For Every Five Novartis Shares Or One Sandoz ADR For Every Five Novartis ADRs Through The Distribution Of A Dividend-in-kind
Portfolio Pulse from Benzinga Newsdesk
Novartis has announced a dividend-in-kind distribution where shareholders and ADR holders will receive one Sandoz share for every five Novartis shares or one Sandoz ADR for every five Novartis ADRs.
September 15, 2023 | 9:49 am
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NEUTRAL IMPACT
Novartis shareholders and ADR holders will receive Sandoz shares or ADRs as a dividend-in-kind, potentially affecting Novartis' stock price.
The distribution of Sandoz shares as a dividend-in-kind to Novartis shareholders and ADR holders could potentially affect the stock price of Novartis. However, the direction of the impact is uncertain and depends on various factors including market reaction, the perceived value of Sandoz shares, and the overall market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100