Ticker Talk

Merisel Inc., the struggling El Segundo-based computer and software distributor, said its board approved a reverse stock split to raise the share price and satisfy the main Nasdaq market’s $1 minimum bid requirement. The company will exchange one new share for every 10 shares investors now hold, subject to shareholder approval in February. The stock (MSEL) rose 1.5 cents to 22 cents on Thursday. At the current price the split would put the new stock at $2.20, though there’s no guarantee it would stay up after the split.