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Biopure Corporation Completes Previously Announced Reverse Stock Split.

Publication: PR Newswire
Publication Date: 27-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CAMBRIDGE, Mass., May 27 /PRNewswire-FirstCall/ -- Biopure Corporation said today that its previously announced 1-for-6 reverse stock split became effective at 12:01 a.m. today, May 27, 2005, with post-split trading expected to begin when the Nasdaq National Market opens this morning.

At Biopure's annual stockholder meeting on April 6, 2005, stockholders authorized the board of directors to effect a reverse stock split at its discretion. Pursuant to this authorization, on May 19, 2005 the board approved a one-for-six reverse split of outstanding Biopure class A common stock to...

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