Western Digital shareholders approved a
proposal to increase the number of common shares to 225 million from 95
million at a special stockholder meeting March 11. The additional shares
are available to meet future business needs such as a stock dividend or
split to raise additional capital, to issue shares under employee benefit
or management incentive plans, or to establish strategic business
relationships, according to the company.
Short Take: Western Digital increases number of common shares
Western Digital shareholders approved a proposal to increase the number of common shares to 225 million from 95 million at a special stockholder meeting March 11. The additional shares are available to meet future business needs such as a stock dividend or split to raise additional capital, to issue shares under employee benefit or management incentive plans, or to establish strategic business relationships, according to the company.
Discuss: Short Take: Western Digital increases number of common shares
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