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Technology Stocks : America On-Line (AOL)
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To: 1SFG who wrote (1325)1/4/1999 3:37:00 PM
From: Chuzzlewit  Read Replies (1) of 41369
 
John, all I'm saying is that it is a non-issue. There are sufficient shares to complete the deal. Treasury shares are irrelevant. If AOL needs to issue around 47 MM shares it has sufficient unissued shares for that purpose.

BTW, a company never "holds" its own shares. When it repurchases shares they are "retired" to treasury. That does not mean they are cancelled, and that has no effect on the number of share authorized. It simply decreases the number of shares issued.

TTFN,
CTC
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