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Short Take: AOL preparing for stock split

America Online will ask shareholders to double the number of shares it can issue, setting the stage for the company's first stock split since 1995. The online service filed with the Securities and Exchange Commission to increase its stock authorization to 600 million shares from 300 million, a move that coincided with a significant jump in the price of AOL stock.

America Online will ask shareholders to double the number of shares it can issue, setting the stage for the company's first stock split since 1995. The online service filed with the Securities and Exchange Commission to increase its stock authorization to 600 million shares from 300 million, a move that coincided with a significant jump in the price of AOL stock.