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authorized shares

   Also found in: Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.authorized shares - the maximum number of shares authorized under the terms of a corporation's articles of incorporation
stock - the capital raised by a corporation through the issue of shares entitling holders to an ownership interest (equity); "he owns a controlling share of the company's stock"


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Stockholders also approved a related proposal to increase the number of authorized shares of Penton common stock to 155 million, as well as a proposal to remove the redemption feature of the preferred stock.
America Online is seeking shareholders' permission to more than triple the number of authorized shares outstanding, according to a filing with the Securities and Exchange Commission.
Since the Company presently does not have a sufficient number of authorized shares required to effectuate the increase in authorized shares after the split, the Company's Board has authorized increasing the authorized share number to 60 million, to handle the split and any possible future capitalization needs.
 
 
 
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