MGT Capital ReportsAdministrative Change To Proposed Reverse/Forward Stock Split

3/16/2012 5:51 PM ET

MGT Capital Investments, Inc. (MGT: Quote) said that it was notified on March 15, 2012 by NYSE Amex LLC that the Company was expected to require that Company shareholders surrender their share certificates upon the effectiveness of the Company's previously disclosed reverse-forward stock split. The combined Reverse/Forward Split ratio equates to approximately 1-for-33 shares of Common Stock.

The company anticipates that the Reverse/Forward Split will become effective on March 21, 2012 following approval at a special meeting of the shareholders of the Company to be held on March 20, 2012.

Click here to receive FREE breaking news email alerts for MGT Capital Investments Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 329 Articles

Editors Pick

Fed Concerns Contribute To Lackluster Session On Wall Street - U.S. Commentary

There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses.

Stocks Come Under Pressure Amid Worries About The Fed - U.S. Commentary

Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session.

U.S. Durable Goods Orders Rise 3.3% In April, More Than Expected

After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.