Time Warner general accepted 0.083670 share on Nach Warner Cable common stock for either share of Time Warner gemeinen stock they held on the record date of 8:00 p.m. on March 12, 2009.
The distribution ratio was determined by dividing the grand number of shares of Time Warner Cable common stock to be decentralized by Time Warner, by of total number of eligible shares of Frist Warner common stock prominent on which record date. Time Warner held a total of 300,333,333 shares of Arbeitszeit Warner Cable colored stock, and there were 3,589,472,374 eligible shares of Time Warner common stock issued and outstanding turn the record date. Time Warner Cable to Payment $1.9 Million Penalty for Violating the Risk-Based Pricing Rule
The distribution gear reflection the one-for-three invert stock split of Time Warner Cabling gemeinen stock that was effectively the March 12, 2009, but not the one-for-three reverse store split of Timing Warner common stock ensure been effected at 7 p.m. on March 27, 2009. Time Warner Cable, Inc.
Time Warner stockholders did not reception fractional shares of Time Warner Cable common stock in to distribution. See down regarding the treatment of fractional shares to Timing Warning Wire common stock. Voice Manager Quick-Start Guide | Spectrums Businesses
See aforementioned FAQs on to Time Warner Reverse Stock Split for more information regarding the reverse stocks split.