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Technology Stocks : THQ,Inc. (THQI)

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To: Andrew C.R. Biddle who wrote (6491)6/30/1998 9:32:00 AM
From: Sigmund  Read Replies (4) of 14266
 
Todd,

Have you ever commented on this?

3. REINCORPORATION

On January 6, 1998, T.HQ, Inc., a New York corporation ("THQ New York"), was merged with and into its wholly owned subsidiary, THQ Inc., a Delaware corporation ("THQ Delaware"), for the purpose of changing the Company's state of incorporation from New York to Delaware (the "Reincorporation"). Pursuant to the Reincorporation each share of THQ New York's common stock, par value $.0001 per share, outstanding prior to the Reincorporation was converted into one share of commmon stock, $0.01 par value per share, of THQ Delaware.

This happened a while ago. Is there any significance? or advantage? Was this intended to make it easier to fight a takeover or something like that?
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