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Stock impact report

Salinas Moves to Delist Flagship Elektra in Wake of Share Plunge [Yahoo! Finance]

Western Union Company (The) (WU) 
Last western union company (the) earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
months-long trading halt, Mexican billionaire Ricardo Salinas Pliego is taking Grupo Elektra private. Most Read from Bloomberg Migrant Crisis Pushed US Homelessness to Record High in 2024 Ho Chi Minh City Opens First Metro Line After Years of Delay Shareholders in the appliance retailer and bank voted to delist the shares at a meeting on Friday, according to a filing. Salinas, Mexico's fourth richest person, owns almost 80% of the shares, according to data complied by Bloomberg. Elektra slumped in December when trading resumed following a four-month halt triggered by a legal dispute with a creditor. The pause caused it to be dropped from Mexico's main stock gauge, which meant index-tracking funds had to sell the shares. It was the final stage of a 12-year battle to keep the stock on the index. Since it resumed trading, the stock has fallen below its book value — the company's equity value on its balance sheet divided by the number of shares — of 419 pesos apiece. By Mexica Show less Read more
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