GameStop seeks to increase authorized shares, continuing to pursue the acquisition of eBay
BlockBeats message. May 24. The publicly listed video game and collectibles retailer GameStop (GME) submitted a filing to the SEC, seeking shareholder approval to increase the number of authorized ordinary shares from the current 1 billion shares to 2.5 billion shares, to enhance financial flexibility. The proposal is one of five items to be voted on at the annual shareholder meeting to be held in July.
This move may give the company more room to pursue an acquisition of eBay, after the company previously had such offers rejected.
This move may give the company more room to pursue an acquisition of eBay, after the company previously had such offers rejected.