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a American Apparel shareholders vote down share-boosting plan

2015-07-20 23:10:25| Apparel - Topix.net

American Apparel Inc. shareholders have voted against a proposal to increase the number of shares the company can issue, which limits the amount of funds the retailer can raise. Los Angeles-based American Apparel , which has about 180 million shares outstanding, currently has authorization to boost its shares outstanding to 230 million.

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