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Blockbuster...shareholders approve a reverse split.....


http://www.businessinsider.com/blockbuster-shareholders-ok-reverse-stock-split-2010-6

A

ssociated Press | Jun. 24, 2010, 7:12 PM | 3 |
DALLAS (AP) — Struggling video rental chain Blockbuster Inc. said Thursday that preliminary results show its shareholders approving a proposed reverse stock split that will enable it the shares to keep trading on the New York Stock Exchange

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A ratio has not been set. But Blockbuster suggested a range between 1-for-15 and 1-for-25 in an earlier filing.

The shares fell 2 cents, or 5.3 percent, to 27 cents in after-hours trading Thursday after ending regular trading unchanged at 29 cents.

Shareholders voting at Blockbuster's annual meeting approved combining Class A shares and Class B shares into a single class of stock at a ratio of 1-for-1.