other material
confidence high
sentiment neutral
materiality 0.35
SL Green finalizes pro-ration for stock dividend election and sets 1.0306-for-1 reverse split effective Jan 24
SL GREEN REALTY CORP
- Cash option oversubscribed; electing stockholders get $0.3976 cash + 0.0295 shares per share held.
- Electing stock receive ~0.0345 shares per share; VWAP for calculation $79.7058.
- Reverse stock split ratio 1.03060-for-1; effective after close Jan 21, trading starts Jan 24.
- New CUSIP 78440X887; Computershare acts as exchange agent.
- No fractional shares; cash-in-lieu paid at market prices.