Horizon Lines Stockholders Approve 1-for-25 Reverse Stock Split at Special Stockholder Meeting

CHARLOTTE, N.C., Dec. 8, 2011 /PRNewswire/ -- Horizon Lines, Inc. (OTCQB: HRZL) announced that stockholders at the company's special stockholders meeting on December 2, 2011, voted to approve, among other things, a 1-for-25 reverse stock split. Stockholders also approved the other three proposals presented at the special meeting. Stockholders approved amending the company's certificate of incorporation to authorize the issuance of warrants in lieu of cash or redemption notes in con...continued HRZL

URL: http://www.investorpoint.com/news/IPONEWS1/46739536/