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* Santa Monica-based Cadiz Inc. has proposed a reverse stock split in an attempt to boost its languishing share price enough to stay listed on the Nasdaq National Market. Cadiz shares have been trading at below $1 since November, and the firm disclosed in a filing that it was warned by Nasdaq in December that it no longer qualified for listing. Cadiz said it needed majority shareholder approval to proceed with the split.
* Dynegy Inc., a U.S. energy firm whose trading losses have brought it close to a bankruptcy filing, restated four years of earnings and said the change might violate a loan agreement. The stock plunged 21%.
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