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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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.
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