💨 Abstract

Atos, a French IT firm, announced a reverse stock split to restore investor confidence following a financial restructuring. The split will consolidate 10,000 old shares into one new share with a par value of 1 euro, aiming to reduce share price volatility and support a new stock market dynamic. Shares have been trading at all-time lows due to a 233-million-euro capital increase last year.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖