SAS announced June 9 as the record date for a 1:30 reverse stock split of its shares. The last day of trading in SAS shares before the split is June 4. Following the reverse split, the number of shares will be reduced from 9.87 billion to 329 million. Companies typically carry out reverse splits in an effort to increase the value of outstanding shares.

Subscribe to Access this Entire Article

"SAS sets date for reverse stock split" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.