Idexx Laboratories (NASDAQ:IDXX) of Westbrook, Maine,announced Monday that its Board of Directors recommendedfor shareholder approval an increase in the number ofauthorized shares of common stock, 10 cents par value pershare, from 15 million to 30 million shares, and of preferredstock, $1 par value per share, from 500,000 to 1 million. Theincrease will be voted on by record holders of the company'scommon stock as of August 6, 1993, at a special stockholdermeeting on September 17.
The Idexx board also voted to authorize, subject to stockholderapproval of the increase in authorized shares, a two-for-onesplit of the company's common stock in the form of a stockdividend.
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