Jun 02, 2008
1:5
For every 5 shares held, investors received 1.
The split itself did not change the total investment value.
Telefonaktiebolaget LM Ericsson Class A (IOB:0O87) operates in the Telecommunications equipment industry.
Telefonaktiebolaget LM Ericsson Class A company overviewTelefonaktiebolaget LM Ericsson Class A's most recent stock split was on June 2, 2008. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Telefonaktiebolaget LM Ericsson Class A (IOB:0O87) has split its stock 6 times: a 5-for-1 split on September 20, 1990, a 4-for-1 split on June 16, 1995, a 2-for-1 split on May 25, 1998, a 4-for-1 split on May 8, 2000, a 18-for-13 split on August 9, 2002, and a 1-for-5 reverse split on June 2, 2008.
Telefonaktiebolaget LM Ericsson Class A has split its stock 6 times. This history records 6 splits between September 20, 1990 and June 2, 2008.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Telefonaktiebolaget LM Ericsson Class A's 1-for-5 reverse split on June 2, 2008, every 5 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Telefonaktiebolaget LM Ericsson Class A has not announced a new split in our records. Its most recent split was on June 2, 2008, 18 years ago. Companies announce splits in advance, and any new IOB:0O87 split will appear on this page.
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