Optibase Ltd. Announces Reverse Share Split

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posted:9/24/2012
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Description: HERZLIYA, Israel--(BUSINESS WIRE)--Optibase Ltd. (NASDAQ: OBAS) (the "Company") today announced a 1-for-5 reverse share split of its ordinary shares. The reverse share split was approved by the Company's board of directors and by its shareholders on July 2, 2012 and August 16, 2012, respectively. The Company anticipates the reverse stock split to be effective on the open of business on September 27, 2012, and the Company's ordinary shares will begin trading on a split-adjusted basis on the NASDA a style='fon
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