Google Settlement Paves the Way for Stock Split


Google has settled the class-action shareholder lawsuit that had been blocking a stock split it originally announced last year, the company said Monday, paving the way for it to move forward with the split as planned. The suit’s settlement was an eleventh-hour development in this 14-month storyline, which included the imminent prospect of a trial in Delaware chancery court over the issue. Google’s plan for the stock split was to create a new “Class C” of non-voting capital stock that would be listed on NASDAQ.

The rest is here:
Google Settlement Paves the Way for Stock Split

Share/Save/Bookmark

Tags: , , , , , , , , , , , , , , , ,

Leave a Reply

You must be logged in to post a comment.