Blue Apron Announces Reverse Stock Split Proposal
(WorldNews Business)

NEW YORK--(BUSINESS WIRE)--May 20, 2019-- Blue Apron Holdings, Inc. (NYSE:APRN) today announced that the Company is actively pursuing plans to effect a reverse stock split. On April 17, 2019, the Company´s Board of Directors unanimously approved and recommended for stockholder approval a proposal to authorize the Company to implement a reverse stock split of the Company´s Class A common stock and Class B common stock based on a split ratio between 1-for-5 to 1-for-15, with the implementation and exact split ratio to be determined by its Board of Directors. This proposal, which is further described in the Company´s definitive proxy statement filed with the Securities and Exchange Commission...