IGN article on THQ announcing reverse split of stock

Wrestleview’s Gregory “Grash” Walek passed along this article by IGN.com noting that THQ has announced a reverse split of the company’s common stock. This move won’t change the release of “WWE 13” hitting stores on 10/30.

“Beginning July 9th, THQ stock will be traded at a 1-for-10 ratio, meaning that every 10 shares of company stock will be converted into one share. The process is an effort by THQ to prevent being delisted by NASDAQ, which requires companies to maintain a share price of $1.00 or higher for 10 consecutive days.”

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