Amazon.com is hoping to increase its pool of authorised shares fivefold so it can pursue stock based acquisitions, strategic alliances and certain types of financing more easily, according to a filing with the US Securities and Exchange Commission.
The Internet retailer is asking shareholders to approve an authorised share increase to 1.5 billion from 300 million at a meeting in May. The number of authorised shares of preferred stock would also grow to 150 million from 10 million.
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