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Stocks U / Under Armour Inc.
|Subject: 2:1 stock split w.e.f. Jun 25||Date: 6/11/2012 10:24 AM|
|Author: TMFCogitarius||Number: 295 of 471|
'Under Armour unveiled plans on Monday for a two-for-one stock split later this summer in an effort to broaden the athletic wear company’s investor base.
Under Armour said the stock split will take place in the form of a dividend of one share of Class A common stock for each one outstanding and the same for Class B shares.
The company said the stock split will be distributed around July 9 to shareholders of record on June 25.'
Of course, this has no impact on either the valuation or the total market value of UA
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