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To: stan_hughes who wrote (339339)7/29/2007 8:45:49 PM
From: Giordano Bruno  Read Replies (2) | Respond to of 436258
 
Reverse stock splits to replace M&A activity - everybody wins. -g-

NovaStar Financial Inc. said it has approved a 1-for-4 reverse stock split of its outstanding common shares. The stock will begin trading on a split-adjusted basis on July 30, the Kansas City, Mo.-based residential lender and mortgage portfolio manager said.