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Magellan Aerospace Corporation Announces Change in Share Consolidation Ratio to 5 to 1
TORONTO, April 16 /CNW/ - Magellan Aerospace Corporation announces that the Board of Directors of...
About this update from Magellan Aerospace Corporation
[{"type":"text","content":"\n\n\n\nTORONTO, April 16 /CNW/ - Magellan Aerospace Corporation announces that\nthe Board of Directors of Magellan has resolved to change its previously\nannounced recommendation to consolidate the Common Shares on the basis of one\nNew Common Share for each ten Common Shares presently issued and outstanding\nto a recommendation to consolidate the Common Shares on the basis of one New\nCommon Share for each five Common Shares presently issued and outstanding.\nThis consolidation is subject to shareholder approval and will be considered\nat the Annual and Special Meeting of Shareholders of Magellan to be held on\nMay 13, 2008. Full details of the proposed consolidation are set forth in\nMagellan's Proxy Circular which is being mailed to shareholders, a copy of\nwhich has been filed with applicable regulatory authorities and is available\nat www.sedar.com.\n\n\n%SEDAR: 00002367E\n\n\n","length":932,"tagName":"div"}]