METROMEDIA FIBER NETWORK (MFNX) Message Board

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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX)

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To: Harlock who wrote (265)	4/13/1999 9:29:00 AM
From: MangoBoy	Read Replies (1) of 1983

[Metromedia Fiber sets 2-for-1 stock split] NEW YORK, April 13 (Reuters) - Metromedia Fiber Network Inc. said on Tuesday that its board approved a two-for-one stock split in the company's class A and class B common shares. The stock dividend will be issued to shareholders of record as of the close of business on May 3, 1999. Shareholders will be asked to approve an amendment to increase the company's authorized common stock, which would enable the split to occur. Class B shareholders have indicated support for an amendment, assuring approval. After the stock split, the company will have 154 million class A common shares without giving effect to unexercised warrants and options and about 33.7 million class B shares outstanding.

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