Lucent to Seek Shareholder Approval of Reverse Stock Split By Bob Kuzbyt
Murray Hill, New Jersey, Oct. 18 (Bloomberg) -- Lucent Technologies Inc. will seek shareholder approval for a reverse stock split.
The ratio will be set by the company's board at a level that is expected to be in a common share price in the range of $15 to $25 each, Lucent said in a statement distributed by PR Newswire.