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Article: California Pizza Kitchen Announces Three-for-Two Stock Split.
- Article from:
- Business Wire
- Article date:
- May 23, 2007
CopyrightCOPYRIGHT 2007 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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LOS ANGELES -- California Pizza Kitchen, Inc. (NASDAQ:CPKI) today announced that its Board of Directors has approved a three-for-two stock split which will be distributed in the form of a 50% stock dividend. California Pizza Kitchen's common stockholders of record at the close of business on June 11, 2007 will receive one additional share for every two shares of common stock held and cash will be distributed in lieu of fractional shares. The new shares will be distributed and will begin trading on a split-adjusted basis effective June 18, 2007. The stock split will increase the number of shares of common stock outstanding from approximately 19.4 million to approximately ...
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