Another basis for a potential share consolidation is the desire to keep institutional investors eligible to purchase the stock. (theconservativeincomeinvestor.com)
The company that owns a 48 per cent stake in the battling Maggie Beer Products gourmet foods business has undertaken a big share consolidation to escape from the ranks of the penny dreadful stocks with billions of shares on issue. (afr.com)
Agribusiness group Elders completed a 10 to one share consolidation in 2015 as part of its reinvigoration under chief executive Mark Allison, using similar arguments. (afr.com)