Monday, SITE Centers Corp. (SITC) announced that its Board approved a one-for-four reverse stock split for the company's common shares.
The company, known for owning and managing open-air shopping centers in affluent suburban areas, mentioned that shareholders will receive cash instead of fractional shares as a result of the reverse stock split.
The company anticipates that its common shares will commence trading on a split-adjusted basis on the New York Stock Exchange at the opening of trading on August 19, 2024.
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September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.