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Sunday, May 20, 2018 2:16:48 AM
This is the explanation for the increase in the share structure!
in many instances the public company requires a pre-transaction recapitalization involving a reverse stock split and/or increase in authorized capital stock in order to have the available capital stock to issue at the closing of the merger or acquisition transaction and to provide the target entity and its shareholders with the agreed-upon share ownership and capital structure.
It should be noted that there have to be enough "shares" to cover the total worth of all of it's subsidiary companies. Large numbers here indicate large company worth!
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