Motorola Inc is replenishing its war chest, asking shareholders to approve a doubling of the number of common shares authorised to 1.4m from 700m: of the 700m, 279.2m are issued, another 279.2m are reserved for the planned 100% share dividend this month, which will effectively split the shares two-for-one, and another 40.4m are reserved for its employee stock option plans and 19.1m for its Liquid Yield Option Notes due 2009 and 2013; it of course says that it has no immediate plans to use the new shares but they would be available to it to pay for some major acquisitions.
