Bebida Beverage Company to Further Reduce Shares Authorized
October 21 2008 - 10:37AM
Business Wire
Bebida Beverage Company (Pink Sheets:BBDA) announced today that the
company will reduce the common stock authorized to 1.4 billion
shares. The company is preparing the necessary paperwork to reduce
the common stock authorized from 2 billion shares down to 1.4
billion shares. The paperwork is being processed for submission and
filing to the state�s offices. The company anticipates that
shareholders will appreciate today�s announcement to further reduce
the number of shares authorized. Management intends to on a
go-forward basis continue to monitor and evaluate the perceived
market value of the company�s shares in order to formulate any
additional corporate policies related to future share structure
reductions and/or stock buy-back programs. As of October 21, 2008,
the common stock outstanding for the company is 1,119,087,549
shares. As recently announced, the company is in the process of
retiring a block of common stock, which will reduce the number of
shares outstanding in an effort to increase shareholder value. For
more information on Bebida Beverage Company and Piranha Spring
Water, please visit: http://www.bebidabeverages.com and
http://www.piranhabeverages.com. Safe Harbor: This release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Statements
contained in this release that are not historical facts may be
deemed to be forward-looking statements. Investors are cautioned
that forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approvals for anticipated actions.
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