Too late to edit but I don't think there are enough remaining unissued shares for another 2:1 split.
To copy _another_ section from the 1999 proxy, above the section quote:
PROPOSAL II
AMENDMENT TO THE RESTATED CERTIFICATE OF INCORPORATION
Introduction
[snip]
On September 17, 1999, Sun's Board of Directors approved an
amendment to the Certificate (the "Amendment") in order to increase the number of shares of
Common Stock authorized for issuance under the Certificate by 1,800,000,000 shares to a
total of 3,600,000,000 shares.
[snip followed by section previously quoted]
In the event stockholder approval of this proposal [to increase the number of shares] and
Proposal III is obtained and
assuming the proposed Forte acquisition closes, following the
effectiveness of the
Amendment and the Stock Split, the Share Requirement would
increase to 2,137,014,172
and, accordingly, Sun would have a total of 1,462,985,828
authorized and unissued shares
remaining available pursuant to its Certificate.
[end of proxy quotes]
sun.com
Yahoo! shows that 1.59 billion shares are outstanding:
biz.yahoo.com
In terms of information from the above proxy, it looks to me as if SUNW can only do a 3:2 at best without a further increase in the shares.
JDN? You're the expert in this area.
Lynn |
