Financial Services Industry
Industry: Email Alert RSS FeedEurope: Telecom Italia issues new ADRs
Global Finance, Oct 2003
Telecom Italia, Italy's largest fixed-line and mobile telecommunications provider, launched new ADR programs following the merger of the company into Olivetti on August 4, 2003.
Olivetti, the absorbing company in the merger, adopted the Telecom Italia name.
JPMorgan Chase announced sponsored ADR programs for the new Telecom Italia's ordinary and savings shares. Holders of the former Telecom Italia ADRs will have them exchanged for the new ADRs at a ratio of about 3.3 new ADRs for each old one.
Most PopularCBS MoneyWatch.com Articles
The ratio of one ADR to 10 ordinary or savings shares remains unchanged. Telecom Italia's shares are traded on the Italian Stock Exchange.
Copyright Global Finance Media Inc. Oct 2003
Provided by ProQuest Information and Learning Company. All rights Reserved
- How to choose the right insurance carrier for your business
- Real Estate: Prepare your properties to weather what lies ahead
- Technology: Be prepared if part of your global supply chain goes missing
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express