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Article: GameStop to Convert Its Class B Common Stock into Class A Common Stock
- Article from:
- Wireless News
- Article date:
- December 18, 2006
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Wireless News
12-18-2006
GameStop to Convert Its Class B Common Stock into Class A Common Stock
WIRELESS NEWS-December 18, 2006-GameStop to Convert Its Class B Common Stock into Class A Common Stock (C)2006 10Meters - http:// www.10meters.com
GameStop Corp., a video game and entertainment software retailer, announced that its Board of Directors has approved, and recommended to the stockholders for approval, the conversion of its Class B common stock into Class A common stock on a one-for-one basis.
The transaction is subject to the approval of a majority of the holders of GameStop's Class B common stock, the company noted.
"A single publicly traded class of common stock will alleviate ...