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Class ‘B’ shares of SunPower Corp. (SPWRA: News ,SPWRB: News ) surged more than 10% in after hours trading after the solar products company said its board of directors has authorized and will recommend that shareholders approve a proposal to reclassify all outstanding shares of the company’s Class A common stock and Class B common stock into a single class of common stock on a one-for-one basis. SunPower’s Class ‘A’ shares declined more than 2% in late trade.
Regards,
Don
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