The Body Shop International
This article was originally published in The Tan Sheet
Executive Summary
U.K. firm's stock to be available to U.S. investors through a deposit agreement with Morgan Stanley Trust Company. According to a registration statement filed with the Securities and Exchange Commission on June 28, the deal allows Morgan Stanley to issue up to 30 mil. American Depositary Receipts for The Body Shop International. Each ADR indicates the rights to an American Depositary Share, with each share representing five shares of The Body Shop International.