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PW: B&N to Issue More Shares

-- Publishers Weekly, 5/4/1998

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B&N to Issue More Shares
-- 5/4/98


While Amazon.com is using its high-priced stock to finance three acquisitions, Barnes &Noble's board of directors has approved a plan to increase the number of shares authorized to 300 million from 100 million. Shareholders will vote on the proposal at B&N's June 3 annual meeting.The board said the increase in shares would give the company the ability to effect future stock splits, equity financing, joint ventures and acquisitions. In addition, the shares could be used for raising capital and for providing grants and incentives to B&N personnel.

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