VLO: Valero Energy Corp. Message Board

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Gold/Mining/Energy : VLO: Valero Energy Corp.

VLO 178.74

+0.7%

10:46 AM EST

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To: Paul Senior who wrote (51)	12/1/2005 2:29:40 PM
From: Wyätt Gwyön	Read Replies (1) of 299

one good thing about the 2:1 stock split is now analysts won't have to raise their per-share earnings estimates to bring them closer to reality. Valero Stockholders Approve Proposal to Increase Authorized Shares; Two-for-One Stock Split Set for December 15, 2005 Valero Energy Corporation (NYSE:VLO) announced today that its stockholders have approved a proposal to amend Valero's Certificate of Incorporation to increase the authorized number of shares of common stock from 600 million to 1.2 billion shares, allowing Valero to complete a previously announced two-for-one stock split (to be effected in the form of a stock dividend), which was approved by Valero's board of directors on September 15, 2005. Of the total shares of Valero common and preferred stock outstanding, 265.4 million or 84.9% voted in favor of the proposal. The stock dividend will be distributed on December 15, 2005 to stockholders of record on December 2, 2005.

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