Short Take: Globalstar stock split approved
The board of directors of Globalstar Telecommunications (GTL) has approved a 2-for-1 stock split of its common shares, the company's second since its IPO in February 1995. As of April 24, GTL, which is deploying a worldwide, wireless digital telecommunication service, had approximately 43 million common shares outstanding on a fully diluted basis. Pending shareholder approval, the stock split will take the form of a dividend.
The board of directors of (GTL) has approved a 2-for-1 stock split of its common shares, the company's second since its IPO in February 1995. As of April 24, GTL, which is deploying a worldwide, wireless digital telecommunication
service, had approximately 43 million common shares outstanding on a fully diluted basis. Pending shareholder approval, the stock split will take the form of a dividend.