Danaos Corporation Announces Reverse Stock Split to be Effective May 2, 2019
(WorldNews Greece)

ATHENS, Greece, April 22, 2019 /PRNewswire/ -- Danaos Corporation (the `Company` or `Danaos`) (NYSE: DAC) today announced that its board of directors has determined to effect a one-for-fourteen (1-for-14) reverse stock split of the Company`s common stock, par value $0.01 per share. The Company`s stockholders approved a reverse stock split at the Company`s special meeting of stockholders held on March 5, 2019. The reverse stock split will take effect, and the Company`s common stock will begin trading on a split-adjusted basis on the New York Stock Exchange (`NYSE`), as of the opening of trading on or about May 2, 2019. The CUSIP number of Y1968P 121 will be assigned to the Company`s common...