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Article: Terex Announces Two-for-One Stock Split.
- Article from:
- Business Wire
- Article date:
- June 1, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WESTPORT, Conn. -- Terex Corporation (NYSE: TEX) today announced that its Board of Directors has authorized a two-for-one split of the Company's common stock. Record holders of Terex's common stock at the close of business on June 15, 2006, will receive one additional share of common stock for every share of Terex common stock they own as of that date. The Company anticipates that the additional shares resulting from the split will be issued on or about July 14, 2006. The two-for-one split will increase the number of Terex's outstanding shares of common stock from approximately 50.2 million to approximately 100.4 million.
Ronald M. DeFeo, Terex's Chairman and ...