May 26, 2008
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $1.10 to $5.50.
The split itself did not change the total investment value.
Magellan Aerospace Corporation (TSX:MAL) operates in the Aerospace & defense industry.
Magellan Aerospace Corporation company overviewMagellan Aerospace Corporation's most recent stock split was on May 26, 2008. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Magellan Aerospace Corporation (TSX:MAL) has split its stock 3 times: a 1-for-5 reverse split on October 22, 1996, a 1019-for-1000 split on August 25, 2004, and a 1-for-5 reverse split on May 26, 2008.
Magellan Aerospace Corporation has split its stock 3 times. This history records 3 splits between October 22, 1996 and May 26, 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 Magellan Aerospace Corporation's 1-for-5 reverse split on May 26, 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.
Magellan Aerospace Corporation has not announced a new split in our records. Its most recent split was on May 26, 2008, 18 years ago. Companies announce splits in advance, and any new TSX:MAL split will appear on this page.
Already premium?