Brief: Parker Drilling Co Announces Stock Split Ratios To Effectuate The Going Dark Transaction

Parker Drilling Co

19/03/2020 23:25

March 19 (Reuters) - Parker Drilling Co  PKD.N :
    * MPANY ANNOUNCES STOCK SPLIT RATIOS TO EFFECTUATE THE GOING
DARK
TRANSACTION
    * BOARD DETERMINED REVERSE STOCK SPLIT RATIO TO BE 1-FOR-50
AND
FORWARD STOCK SPLIT RATIO TO BE 50-FOR-1
    * BOARD ALSO DETERMINED TO ABANDON ALL OTHER STOCK SPLIT
RATIOS
WITHIN RANGES APPROVED BY STOCKHOLDERS AT SPECIAL MEETING

Source text for Eikon:  ID:nPnDslq4a 
Further company coverage:  PKD.N 

 ((Reuters.Briefs@thomsonreuters.com;))