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Biotech / Medical : Merck
MRK 101.10+0.4%3:59 PM EST
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To: HoodBuilder who wrote (1038)11/20/1998 5:34:00 AM
From: David C. Burns  Read Replies (2) of 1580
 
Couldn't they announce the split subject to shareholder approval?

Yes, generally that is how it's done. However, they aren't going to put it to a special vote -- it's too expensive to prepare the materials, mailings, etc. So the timing, it seems to me, is obviously going to be closer to the annual meeting where it can be acted on in the regular course of business.
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