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Light Wave Company

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BUSINESS
December 15, 1998
Irvine snowboard manufacturer Action Sports Ltd. on Monday announced plans to merge with Light Wave, a San Diego maker of snowboards and wakeboards. Financial terms were not disclosed. As part of the deal, Action announced a 1-for-15 reverse stock split. The combined company also will attempt to have its stock listed on the Nasdaq Small-Cap market once the merger is completed. Action said the reverse split also is designed to help it acquire additional companies.
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BUSINESS
December 15, 1998
Irvine snowboard manufacturer Action Sports Ltd. on Monday announced plans to merge with Light Wave, a San Diego maker of snowboards and wakeboards. Financial terms were not disclosed. As part of the deal, Action announced a 1-for-15 reverse stock split. The combined company also will attempt to have its stock listed on the Nasdaq Small-Cap market once the merger is completed. Action said the reverse split also is designed to help it acquire additional companies.
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