LG Display shares are trading lower after the company announced that January 26, 2024 as the record date for determining shareholders eligible to participate in the company's proposed offering.
Portfolio Pulse from Benzinga Newsdesk
LG Display has set January 26, 2024, as the record date for shareholders to be eligible for the company's proposed offering, leading to a decline in its share price.
December 18, 2023 | 4:57 pm
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LG Display's stock (LPL) is trading lower following the announcement of the record date for its proposed offering.
The announcement of a record date for a proposed offering often leads to a short-term decline in share price due to potential dilution of existing shares. Investors may be selling off LPL shares in anticipation of this dilution.
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IMPORTANCE 75
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