NEW YORK Revlon has announced the completion of the previously announced 1-for-10 reverse stock split of its Class A and Class B common stock.
Revlon effected the reverse stock split by filing a charter amendment with the Delaware Secretary of State. The reverse stock split was previously approved by the company’s board and stockholders pursuant to Sections 228 and 242 of the Delaware General Corporation Law.
Revlon’s Class A common stock began trading on the NYSE on a split-adjusted basis when the market opened Sept. 16, under a new CUSIP number, 761525 609.
Shares closed up $12.91 after the stock split.