JP Morgan sells £59m of BT Group stock for ADR holders
JP Morgan Chase has sold £59m of shares in BT Group, the UK telecommunications company, on behalf of former holders of BT’s American Depositary Receipts.
The move comes after BT’s delisting from the New York Stock Exchange, which was announced in August last year and completed in September, as part of its effort to simplify its corporate structure.Holders of the ADRs had until Monday to surrender their securities for cancellation and take ...
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