Printer Friendly
The Free Library
14,582,035 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

J.P. Morgan Announces Telmex's Two-for-One Stock Split.


Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 21, 2000

J.P. Morgan, as depositary bank, is pleased to announce the two-for-one stock split for Telefonos de Mexico, S.A. de C.V.'s (TMX TMX Translation Memory eXchange
TMX Trimix (mixture of oxygen, helium and nitrogen used by divers)
TMX Tandem Mirror Experiment
TMx Time Management System
TMX Transparent Matrix (switch; Hekimian) 
) NYSE-listed American depositary receipts American Depositary Receipt (ADR)

Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue.
 (ADRs).

  ADR effective date:                February 7, 2000

  ADR record date:                   January 31, 2000

  ADR mailing/payment date:          February 4, 2000

  Symbol:                            TMX

  Ratio:                             1 ADS : 20 Series L Shares

  CUSIP:                             879403 78 0

  Share class:                       Series L Shares

  Par value:                         No par value

  Country of incorporation:          Mexico

  Industry:                          Telecommunications

  Traded on:                         NYSE

  Depositary:                        Morgan Guaranty Trust Company of New York

  Custodian:                         Inversora Bursatil S.A., Mexico City


To effect this change, one additional ADS will be distributed for each ADS held. Existing ADRs will remain valid and will not need to be exchanged for new ones.

The world's largest ADR ADR - Astra Digital Radio  depositary and a global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 firm, J.P. Morgan serves clients through an integrated range of advisory, financing, trading, investment management, and research capabilities. Visit www.adr.com, J.P. Morgan's central resource for timely worldwide market intelligence and investor information. For further information on J.P. Morgan, visit www.jpmorgan.com.

An ADS, or American depositary share American Depositary Share (ADS)

Foreign stock issued in the US and registered in the ADR system.
, is a U.S. dollar-denominated form of equity ownership in a non-U.S. company. It represents a specified number of foreign shares on deposit at a custodian bank Custodian bank

Applies mainly to international equities. Bank or other financial institution that keeps custody of stock certificates and other assets of a mutual fund, individual, or corporate client. See: Depository Trust Company (DTC)
 in the issuer's home country and carries the corporate and economic rights of the underlying foreign shares. An ADR, or American depositary receipt, is a certificate evidencing ownership of a certain number of ADSs. The term ADR is sometimes used to refer to ADS.

Neither this announcement nor the information contained herein constitutes an offer or solicitation by J.P. Morgan for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. An offering is made by means of a prospectus only. Information herein is believed to be reliable, but J.P. Morgan does not warrant its completeness or accuracy.

J.P. Morgan is the marketing name for J.P. Morgan &Co. Incorporated and its subsidiaries worldwide, including Morgan Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant.  Trust Company of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Jan 21, 2000
Words:364
Previous Article:ActiveUSA.com Merges With LeagueLink Creating the Largest and Most Comprehensive Internet Site for Recreational Sports.
Next Article:Winners Internet Network, Inc. Announces Letter Of Intent With Swiss E-Commerce Group.
Topics:



Related Articles
TOP 100 COMPANIES.
Options plays.(understanding puts and calls)(Brief Article)
PATAGON.COM.(Brief Article)
Telecom dispute resolved.(Brief Article)
Waiting for the bull.(Brief Article)
Can these giants win?(investing in companies with large market capitalization)(Brief Article)(Statistical Data Included)
Trendsetter.(James E. Francis)(Brief Article)
INTERNET STOCKS HELP SEND DOW AVERAGE SOARING.(BUSINESS)
The price of speed: High-speed home Internet connections arrive, but they're nor cheap. (Tech Talk).(Brief Article)
BRIEFCASE DISNEY SANCTIONS APPEAL REJECTED.(Business)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles