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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (81530)6/9/2000 7:12:00 PM
From: umbro  Read Replies (2) of 132070
 
Mike/others, got a question for you, regarding splits. I'm reading some news on a co. (WIND) that is asking to increase the number of shares from 125M (71M outstanding) to 325M shares. As things go, is that a lot? Other question: when a company's stock splits, do the additional shares have to be pre-approved by a vote of the shareholders? Or can the additional shares required for a split simply be granted at the time, with board approval? The proxy didn't say anything about splits as a possible use for the stock.
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