Another Hypothetical fit. I used to own it a long time ago. Wish I'd kept this one long.
RR
HERCULES, Calif., Feb 5, 2002 /PRNewswire-FirstCall via COMTEX/ -- Bio-Rad Laboratories, Inc. (Amex: BIO.A chart, msgs and chart, msgs BIO.B chart, msgs) a multinational manufacturer and distributor of life science research products and clinical diagnostics, announced today that all the proposals presented at a Special Meeting of its Shareholders held on February 4, 2002 were approved. The first proposal increases the number of authorized shares of Class A common stock from 15,000,000 to 50,000,000 shares, Class B common stock from 6,000,000 to 20,000,000 shares and preferred stock from 2,300,000 to 7,500,000 shares. Other proposals passed make a number of technical amendments to the company's Certificate of Incorporation. These initiatives give the company the opportunity to perform a stock split, to make acquisitions for stock, or to take other technical actions with its stock as conditions merit.
David Schwartz, Chairman and Chief Executive Officer, said, "We are pleased that these amendments were approved. They give us increased flexibility to meet our shareholders' needs and to continue to grow the business." |
