Redhill Biopharma Announces Plan To Implement Ads Ratio Change For The Exchange Of Every Twenty-five Existing ADS Held For One New ADS
Portfolio Pulse from Benzinga Newsdesk
Redhill Biopharma has announced a plan to change the ratio of its American Depositary Shares (ADS). The new plan will exchange every twenty-five existing ADS for one new ADS.
August 16, 2024 | 11:07 am
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NEUTRAL IMPACT
Redhill Biopharma is implementing a change in the ratio of its American Depositary Shares (ADS), where every twenty-five existing ADS will be exchanged for one new ADS.
The change in ADS ratio is a significant corporate action that could affect the stock price. However, the immediate impact on the stock price is uncertain as it depends on market perception and investor reaction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100