Market Overview

Travelzoo Announces Reverse/Forward Stock Split

Travelzoo (NASDAQ: TZOO) today
announced that the Company intends to execute the shareholder approved
reverse/forward stock split during the second or third week of November,
subject to receiving an updated fairness opinion from an independent
financial advisor and final approval by the Special Committee of its
Board of Directors.

As previously disclosed on June 11, 2013, Travelzoo had formed a Special
Committee of its Board of Directors, consisting of three independent
directors, to evaluate a reverse/forward stock split transaction, which
has since been approved by shareholders at the Company's annual
shareholder meeting. The proposed reverse/forward stock split
transaction consists of a 1-for-25 reverse stock split of the Company's

See full press release

Posted-In: News Guidance Offerings Contracts Management Stock Split IPOs Global

 

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