A Note on SABESP ADR Stock Split
Companhia de Saneamento Basico do Estado de Sao Paulo also known as SABESP (SBS) was one of the top performing Brazilian ADRs in 2012.The ADR almost doubled last year. On Jan 24, 2013 the stock split 2 for 1.Before the split, each ADR was equal to two common shares. After the split, the ratio was changed to reflect one …