Ion ends public trading

CIG Media (Citadel Investment Group) long ago acquired almost all of the common stock of Ion Media Networks, but trading in a few shares has continued on the American Stock Exchange. That will end a week from tomorrow. February 19th is when Ion says it will complete a previously announced one share for 10,036,763 reverse split, leaving CIG as the only holder and paying out $1.46 in cash for each of the old shares. The stock will be delisted that day, ending AMEX trading.

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