Blockbuster investors to vote on reverse split at annual meeting
Dallas Blockbuster said Monday it will ask its shareholders to vote on a reverse stock split at its upcoming annual meeting on May 26.
Blockbuster, which earlier in March warned it may have to file for Chapter 11 bankruptcy protection, also said it was notified by the New York Stock Exchange that its average market capitalization fell below $75 million over a 30 trading day period.
This means the company has 45 days to show to the NYSE it can regain listing compliance over the next 18 months.
At the annual meeting, Blockbuster shareholders will be able to vote on the combination of the company’s Class A and Class B common shares into a single class and the approval of a reverse stock split.
Churchill China introduces Jamie Oliver collection
NEW YORK Churchill China unveiled a new tabletop line from celebrity chef Jamie Oliver at the International Home and Housewares show last week, according to reports.
The collection features dinnerware designed for easy use by the home cook, reports indicate. Items in the collection are reported to be multi-functional, easy to store and durable.
Easter costs (a little) more this year
Target’s Easter circular this year featured virtually all of the same categories and weighed in at 36 pages, but prices were increased in select areas including bags of Easter candy featured on the cover at $2.69 versus $1.99 last year. Candy may cost more, but the price of small bamboo baskets (75 cents), Easter grass (25 cents), 12-count unfilled plastic eggs (65 cents) and Peeps ($1.49) stayed the same.
Price increases were evident on asparagus, $1.99 versus $1.49 last year, Sutton Dodge bone-in roast, $6.99 versus $5.99 last year, Market Pantry frozen turkey at 99 cents versus 78 cents last year and Campbell’s cream of mushroom soup at 75 cents compared to 66 cents.
Prices on other directly comparable advertised food items that were featured both years remained constant and included strawberries ($1.99), Philadelphia Cream Cheese (99 cents), Archer Farms bread ($2.99) and a complete Easter feast ($59.99). Prices declined in a few cases, including whole pineapple at $2.50 this year versus $2.99 last year and Kraft jet-puffed marshmallows at 96 cents this year versus 99 cents last year.