Pacific Ethanol shareholders get more time to vote on stock-split plan

05/1/2013 | American City Business Journals

Pacific Ethanol, which is facing delisting from Nasdaq unless its stock price rises above $1 for at least 10 consecutive sessions by June 13, has extended a deadline for shareholders to sign off on a proposed reverse stock split that would cut the number of shares. A majority of votes cast so far are in favor of the proposal, Pacific Ethanol said.

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