SN#18977 Shareholders Approve 1-for-4 Reverse Stock Split at Sun
SYSTEM NEWS FOR SUN USERS
Vol 117 Issue 2 2007-11-12 Article 18977 from section "News"
Move is Expected to Lift Lagging Stock Price
Approving what some call a "cosmetic move," Sun shareholders passed a
1-for-4 reverse stock split in the hope of bolstering the company's
persistently lagging stock price despite having turned the corner on
earnings. Overall valuation of the company, which is in the vicinity
of $18 billion, is not expected to be affected.
Details at [url]http://sun.systemnews.com/g?A=18977[/url]
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