Question: Explain why a company might want to split its shares
Explain why a company might want to split its shares.
Answer to relevant QuestionsWhat are the advantages to a company of financing growth with equity? Explain what the term IPO means and how that is related to the form of the organization. The following information was available for The Gibson Group Inc. (TGGI) for 2016: 1. Class A common shares, 10 votes per share, unlimited authorized, 7,530,000 issued and outstanding on January 1, 2016, for $18,825,000. ...Massawippi Co. has 10 million authorized common shares. The company has issued 4.4 million but due to some share repurchases and cancellations, only 4.2 million were outstanding at the beginning of 2016. Massawippi pays ...Gildan Activewear Inc. is a Montreal-based manufacturer of branded activewear. Since going public in 1998, Gildan’s common shares have been split as follows: Gildan announced in December 2010 that it would introduce a ...
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