Thursday, September 06, 2007

Sun Seeks 1-For-4 Reverse Stock Split

If the reverse stock split is approved by our stockholders, Sun will exchange one new share for every four outstanding shares. As a result, Sun would have one-fourth as many outstanding shares, but each share would be worth approximately four times as much. In general, a reverse stock split will not impact the market value of Sun as a whole

Read more on
http://biz.yahoo.com/ap/070905/sun_microsystems_stock.html?.v=3

1 comment:

ncr said...

Well at least now sun shares will cross $10 mark :)