51. Banco Provincial said shareholders would receive one new share for every five they hold. 52. Bank of New York Co. would be the custodian bank for the American depositary receipts, and no new shares would be sold. 53. Banking shares fell amid concern about new shares that banks plan to sell to help raise money to offset their bad loans, traders said. 54. BBV, as the Spanish bank is called, said it would assume managerial control of the bank after buying new shares issued by Banco Ganadero. 55. Axa will seek shareholder approval to create the new shares in mid-October. 56. BBV will make the investment principally by purchasing new common shares issued by Ganadero, the banks said. 57. Bell Atlantic investors will end up controlling more than half the new shares, reflecting that their stock is currently worth more than Nynex stock. 58. Bell Atlantic shareholders would receive six new shares for every five given to Nynex stockholders, reflecting the lower trading value of Nynex shares. 59. BK Vision, controlled by Swiss financier Martin Ebner, charges that the new share structure, among other things, dilutes the rights of registered shareholders. 60. BK Vision opposes the new share structure because it dilutes the rights of registered shareholders by creating a single bearer share. |