• Corporate Events: American Commercial Lines, Inc. (ACLI)

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-218
      • Notice Date
      • 22 May 2009
      • Effective Date
      • 22 May 2009
    • ACTION:                                                           American Commercial Lines Inc. (“ACLI”) has announced a 1-for-4 reverse stock split. As a result of the reverse stock split, each ACLI Common Share will be converted into the right to receive .25 (New) American Commercial Lines Inc. Common Shares. The reverse stock split will be effective prior to the open of business on May 26, 2009.
       
                                                                              This action will be coordinated with the Options Clearing Corporation.
       
      CATEGORY:                                                     1 for 4 Reverse Stock Split
                                                                             
      EQUITY SYMBOL:                                            American Commercial Lines Inc. (“ACLI”)
       
      ONECHICAGO SYMBOL:                                             ACLI1C will change to ACLI2C. A new ACLI1C with a contract unit of 100 shares will be introduced on Wednesday, May 26, 2009.            
                                                                                                     
      CME FUTURES SYMBOL:                                 ACL for the ACLI1C; AC2 for the ACLI2C
                                                                                                       
      NUMBER OF CONTRACTS:                               Unchanged
       
      EFFECTIVE DATE:                                           November 7, 2008
       
      MULTIPLIER:                                                   100; Unchanged
       
      DELIVERABLE PER CONTRACT:                      ACLI2C: 25 American Commercial Lines Inc. (“ACLI”)
                 
      ACLI1C: Will be re-listed with a 100 share deliverable.
       
      APPLICABLE CONTRACT MONTHS:                 June, July, September, December 2009
       
      SETTLEMENT PRICES AND POSITIONS:         The underlying price for the deliverable futures must be calculated, as follows:
       
      ACLI2C = .25 (ACL)
                             
      NOTES:                                                            The forecasted effect of the upcoming corporate event on each clearing firms’ positions can be viewed in infopac in the Corporate Event Initial Forecast Report (ONE712), the Corporate Event Final Forecast Report (ONE713), and the Corporate Event Forecast Audit Report (CPDBU710).
       
                                                                              If you have any questions regarding the information provided in the document, please call CME Clearing risk management hotline at (312) 648-3888.

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