Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
American Software (AMSWA) just unveiled an announcement.
American Software, Inc. announced its plan to simplify its stock structure by eliminating its Class B Common Stock, pending shareholder approval. This involves exchanging each share of Class B for 1.2 shares of Class A Common Stock, with the major Class B shareholder, James C. Edenfield, fully supporting the move and agreeing to various terms, including voting and transfer restrictions. The transaction is anticipated to close in the second half of 2024, after meeting certain customary conditions, aiming to streamline the company’s capital structure and potentially impact its financial and operational future.
For an in-depth examination of AMSWA stock, go to TipRanks’ Stock Analysis page.