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Technology Stocks : Jabil Circuit (JBL)
JBL 196.60+2.1%Nov 21 9:30 AM EST

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To: Frank Drumond who wrote (4731)12/2/1998 5:23:00 PM
From: kolo55  Read Replies (1) of 6317
 
Read the news on SI:

Jabil Circuit Seeks To Double Authorized Shares To 120M (JBL)

Newstraders - December 02, 1998 13:13

NewsTraders.com)-- Jabil Circuit (JBL) is seeking to increase the number of authorized common shares from 60 million to 120 million, according to a preliminary proxy filing released by the SEC Wednesday.

The board of directors approved the share increase in November in order to provide greater flexibility in the future. The company said the move was not prompted by any specific effort or takeover threat currently perceived by management.

Stockholders will vote on the board's proposal, amongst other things, at the annual meeting on Jan. 28 in St. Petersburg, Fla.

Copyright 1998 NewsTraders Inc. All Rights Reserved Wednesday, December 02, 1998
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