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 Send to email | Ubisoft offering to split (s)hares at annual meeting in michael-pachtersplitstockubisoft |  By Alexander Sliwinski
el 19-Aug-2008 | Filed under: Business
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Ubisoft is planning on putting a two-for-one stock split to a vote at its September 22 annual meeting, Reuters reports. The French publisher's shares closed at €66.64 last Friday.
We checked with analyst extraordinaire Michael Pachter to find out what this stock split means. Poking his head up from charts and graphs - flicking his abacus a few times just for show - he simply said, "It's not really a big deal." Pachter explains that commissions are higher if an investor buys fewer than 100 shares so: 100 shares at €65 requires €6500 in funds, or around $10,000. Since individual investors don't like investing that much in a single stock, by splitting the stock, the cost of 100 shares is cut to around $5000.
That explained, Pachter turned his attention with giddy anticipation to the crystal ball he just received from Mystics 'R' Us in Eastern Europe and concluded, "It's really that simple." Read | Permalink | Email this | Linking Blogs | Comments 
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| Ubisoft Plans Share Split [Ubisoft] | | Ubisoft, not content to let EA and Take-Two suck up all of that industry news glory, tipped off Reuters that they plan on offering a two-for-one share split at their upcoming annual meeting. The offer, which will be put to a vote on Sept. 22, would help lower the cost of shares while increas [..] Read complete article | | Published 18-Aug-2008 by Brian Crecente in Ubisoft Industry
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| AECT convention wrap-up | | The AECT annual convention has come and gone, and it’s a bit of a blur. I’m in the second year of a three year term on the Board of Directors. This means an all day meeting before the convention, and a half-day meeting afterward. Lots of volunteered time by about 15 board members. Ward Cates [...] [..] Read complete article | | Published 31-Oct-2007 by Trey Martindale in AECT
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Yahoo has pushed back the date of its annual meeting from July 3rd; it's now "currently expected to be around the end of July 2008." On the face of it, this helps Carl Icahn by giving him more time to [..] 
