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Biotech / Medical : Merck
MRK 99.21+1.0%Dec 17 3:59 PM EST
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To: HoyaBob who wrote (1029)11/10/1998 9:33:00 PM
From: David C. Burns  Read Replies (2) of 1580
 
Right Line Split Report says "... our target date for a possible stock split on MRK is Tuesday, November 24th, the date of MRK next Board meeting

Possible, but I think when they split, they are likely to be looking for a price closer to 40-50 which would require a 3-for-1 split, and that requires sharehold auth to issue more shares.

With current auth, they could just barely do 2-for-1.

But I guess we'll see soon enough
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