Acropolis Infrastructure To Dissolve, Redeeming All Outstanding Shares By December 19
Portfolio Pulse from Benzinga Newsdesk
Acropolis Infrastructure announced it will dissolve and redeem all outstanding shares by December 19, 2023. Shareholders will receive approximately $10.49 per share, less taxes, with about $83.94 million available for redemption. The company's securities will cease trading on the NYSE on December 18, 2023, and shares will be cancelled the following day, representing only the right to the Redemption Amount.
December 05, 2023 | 6:58 am
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Acropolis Infrastructure (ACRO) will dissolve and redeem all outstanding shares, ceasing trading on the NYSE on December 18, 2023. Shareholders will receive approximately $10.49 per share, less taxes.
The dissolution of Acropolis Infrastructure and the redemption of its shares will result in the cancellation of its stock, which will no longer trade on the NYSE. This is a definitive action that will have a direct and final impact on the stock, as it will cease to exist for public trading. The redemption price is set, and the cessation of trading is scheduled, leaving no ambiguity in the outcome for the stock.
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