Advertisement
YOU ARE HERE: LAT HomeCollections

ORANGE COUNTY BRIEFLY

Sunwear Shares Split

September 22, 1996

ANAHEIM — Directors of Pacific Sunwear of California Inc. declared a 3-for-2 stock split, effective Oct. 18 for shareholders of record Oct. 9. The stock, which has more than tripled in price this year, closed Friday at $31.125, up 62.5 cents on the Nasdaq market.

The split, which provides one additional share of the company's common stock for every two shares currently outstanding, is aimed at increasing the number of shares available for trading and to attract a broader stockholder base, said Greg H. Weaver, president and chief operating officer.

The retailer of casual teen apparel said it will have more than 8 million shares outstanding after the split, up from nearly 5.4 million shares.

Advertisement
Los Angeles Times Articles
|
|
|