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Biotech / Medical : Amgen Inc. (AMGN) -- Ignore unavailable to you. Want to Upgrade?


To: DEER HUNTER who wrote (684)12/22/1998 12:34:00 PM
From: Jerry Angelichio  Read Replies (1) | Respond to of 1906
 
There is a flote of 249M with only 254 shares issued. Therefore if they were to spilt 2 for 1 the flote would increase to 249 x 2 or 498M shares, however they only have 254-249 or 5M shares available.

This would require Amgen to issue another 245M shares to cover the split.