Google Inc., the world’s largest Internet-search company, plans a new stock structure that gives management more leeway in issuing shares, while letting it keep control over the direction of the business.
The stock change would create a new class of nonvoting shares that will be distributed to existing shareholders in what is effectively a 2-for-1 stock split. Google announced the move as part of its first-quarter financial results, which met or beat most analysts’ estimates, boosted by online-ad spending. (Source: Bloomberg)
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