SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Moonray who wrote (168802)4/24/2014 9:18:16 AM
From: Sr K  Respond to of 213176
 
Some people thought Apple needed stockholder approval to authorize additional shares. Apparently, not.

Will the number of authorized Apple common shares increase from 1.8 billion to 12.6 billion as a result of the split?

Yes. The number of shares outstanding and the number of authorized shares will increase at the same time in order to keep the shares we have available for future issuances, as a percentage of the shares currently outstanding, unaffected by the split.