Video Game Firm T-HQ Plans Reverse Stock Split
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T-HQ Inc., a Calabasas video game company, said it plans a 15-to-1 reverse stock split.
Under the plan, to take effect Wednesday, each holder of T-HQ common stock will receive one share for every 15 shares he owns.
Reverse stock splits are usually undertaken by companies wanting to boost the price of their stock to attract investors. T-HQ’s shares have traded recently at less than 50 cents each.
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