Atos, facing a historical low market capitalization of 315 million euros, is conducting a reverse stock split to consolidate its shares. The split is aimed at reviving the company’s stock market presence, with shares reducing from 10,000 to 1 and starting at 49 euros. Atos has been struggling with a lack of leadership, having seen seven CEOs in three years, alongside financial woes. However, hopes for a turnaround are bolstered by financial aid from the French government, prompting a renewed focus on future operations and market dynamics.
Atos is executing a reverse stock split to consolidate shares, aiming for a sustainable financial future and to improve its stock market dynamics.
Shares are set to reduce from 10,000 to 1, translating to an initial value of 49 euros per share, after a recent historical low of $0.0049.
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