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Biotech / Medical : Merck
MRK 106.66-0.1%Dec 29 3:59 PM EST
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To: David C. Burns who wrote (940)7/17/1998 1:51:00 AM
From: Maxer  Read Replies (1) of 1580
 
I had merck during the last split. I don't recall any permission letter. Depends on the by-laws as I understand it. Some by laws will allow 1 split every year (or some period).

Above is antidotal info from other companies. CPQ had to ask stockholders about the split because it was the second split within a year.
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