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Google planning a stock split as shares climb past $1,100


Google is planning its first ever stock split for April following tensions and legal issues with shareholders that delayed the process by years. Plans for the split were announced during the companys fourth quarter earnings call earlier today, with chief financial officer Patrick Pichette saying it had finally been approved by Googles board. Those two classes are also separate from a third class of shares owned by Google co-founders Sergey Brin and Larry Page, worth 10 votes apiece on any official company business. Google shareholders originally approved plans for a stock split back in June 2012, though the plan hit a snag when a subgroup of shareholders sued the company.

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