The Nooner

[umiak]

AEZS-- 1 for 6 spilt:
Aeterna Zentaris Inc. (AEZS, AEZ.T) has consolidated its shares on a six-to-one basis as the drug development company attempts to regain compliance with Nasdaq's minimum bid price requirement. The consolidation, which reduces Aeterna's number of outstanding common shares to about 18.7 million from about 112.4 million, was effective Tuesday. The company has received conditional approval from the Toronto Stock Exchange for the consolidation. It is awaiting confirmation from the exchange and Nasdaq. If received, it expects that shares, post-consolidation, will begin trading on these exchanges on Friday. In August, Aeterna reported that it had swung to a second-quarter profit as revenue and finance income climbed. Shares closed at 69 cents Tuesday and were inactive premarket. The stock has fallen 55% so far this year. Write to Saabira Chaudhuri at [e-mail] Subscribe to WSJ: http://online.wsj.com?mod=djnwires (END) Dow Jones NewswiresOctober 03, 2012 07:53 ET (11:53 GMT)