logo
Share SHARE
FONT-SIZE Plus   Neg

SunEdison Shareholders Vote To Increase Number Of Authorized Shares

SunEdison, Inc. (SUNE) said Friday that, at its May 29 Annual Meeting, its shareholders voted to approve an amendment to the company's Amended and Restated Certificate of Incorporation to increase the number of the company's authorized shares of common stock issuable from 300 million to 700 million.

The increase in authorized shares of common stock will allow the company to satisfy issuances under future equity-based awards as well as issuances required upon conversion of the company's 2.00% Convertible Senior Notes Due 2018 and the company's 2.75% Convertible Senior Notes Due 2021.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
comments powered by Disqus
RELATED NEWS
Trade SUNE now with 
Follow RTT