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Authorized Stock |
Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Hutchinson | 0.05 sec. |
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Authorized Stock The maximum number of shares a company is allowed to issue. Generally, the company's charter specifies the number of authorized shares, but shareholders can increase or decrease it according to procedures listed in the charter. There is normally a larger number of authorized shares than is required in order to give a company the greatest amount of flexibility. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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As part of a previously authorized stock repurchase program, the Company is also currently permitted to purchase approximately an additional $32 million of its shares of Class A Common Stock, subject to market conditions. 61 Consolidated Reported Operating Income Increases 8% Versus Year Ago Quarter Net New DSL Subscribers Increase 61% Versus Year Ago Quarter End CTE Completes $150 Million Authorized Stock Repurchase Program The transaction will be effective immediately upon ratification of Positron Corporation's increase of its authorized stock. |
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