Design Within Reach completes stock split
5 million shares of common stock are outstanding
Furniture Today Staff -- Furniture Today, August 30, 2010
SAN FRANCISCO — Top 100 store Design Within Reach has completed a 1-for-50 reverse stock split, which was effective on Friday, the company's board announced.
No fractional shares would be issued, the company said. Any fractional shares would automatically be rounded up to the next whole share. There are now about 5 million shares of common stock outstanding on a fully diluted basis.
A "D" has been added to the company's ticker symbol to indicate the completion of the split. After 20 trading days, the symbol is expected to revert to DWRI.
Design Within Reach ranked No. 60 on Furniture/Today's latest Top 100, based on 2009 furniture, bedding and accessories sales of $81 million, down 31.4% from the previous year.
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Design Within Reach completes stock split
Oct 5, 2010
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