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Merge Healthcare wants reverse stock split
July 25, 2008
Milwaukee, Wis. — Merge Healthcare announced that it is asking for shareholder approval for a reverse stock split, which could boost its share price to a safer level. The firm, which makes medical imaging software, also said that a higher stock price could lead to more interest in the company from investors, analysts and potential employees.
MRGE opened at $1.13 today, with a limited margin of safety over the $1 per share price it must maintain to stay listed on Nasdaq. Recently, the firm announced that it had met the minimum bid price long enough for its potential delisting to be called off, after trading below $1 from late February through late June.
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MRGE opened at $1.13 today, with a limited margin of safety over the $1 per share price it must maintain to stay listed on Nasdaq. Recently, the firm announced that it had met the minimum bid price long enough for its potential delisting to be called off, after trading below $1 from late February through late June.
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