Message Font: Serif | Sans-Serif
No. of Recommendations: 0
can anyone decipher what this means to a cel shareholder.??

3/01/00 - NYSE suspends series L shares of Mexico's Iusacell

NEW YORK, March 1 (Reuters) - The New York Stock Exchange said on Wednesday it had suspended trading in the series L
American Depositary Shares (ADS) of Grupo Iusacell SA (CEL.N) (CELV.MX) after the Mexican cellular phone company swapped them
for a new series of ADS.

The NYSE said it plans to delist the series L ADS, which trade under the symbol "CELy" (CELy.N), because fewer than the NYSE
minimum of 600,000 remain outstanding.

Early last month Iusacell said it would offer new ADS for the series L ADS as part of a capital restructuring announced in late 1998. The
new ADS of the group, now known as Nuevo Grupo Iusacell, trade under the symbol "CEL" on the NYSE.

An NYSE spokeswoman could not provide details on the Nuevo Grupo Iusacell exchange offer. Iusacell spokesmen were not
immediately available for comment.

Iusacell's Series L ADS closed at 20-3/8 on Feb. 29. The new ADS were up 2-1/4 to 23-1/2 in morning trade on Wednesday.

REUTERS Rtr 11:17 03-01-00
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.