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Stock Splits

November 25, 1998 | Bloomberg News
Merck & Co., the world's biggest drug maker, said it will split its stock 2-for-1 in February, its first split since 1992, as prospects for its new painkiller push its shares to record prices. Merck said it has filed with the Food and Drug Administration for approval of its drug Vioxx, which appears to treat pain and swelling without irritating the stomach. Analysts estimate the drug could top $1 billion in annual sales. Although rival Monsanto Co.
March 16, 1999
Sylmar-based MiniMed Inc. on Monday announced a 2-for-1 stock split in which the company will issue one additional share of common stock for every share of common stock outstanding. The stock split, which will increase the total number of fully diluted shares outstanding to about 14 million, will be effective April 1 for shareholders of record at the close of business on that date and will be distributed April 16. Alfred E.
November 7, 1997 | (Bloomberg News)
Varco International Inc. said it approved a 2-for-1 stock split and adopted a shareholder rights plan to defend against unwanted takeover efforts. The maker of oil- and gas-well drilling products said its stock split is payable Dec. 4 to shareholders of record Nov. 20. Under the shareholder rights plan, shareholders will receive one right to purchase preferred stock for each share of common stock.
January 22, 2000
Research Engineers Inc., a Yorba Linda provider of engineering software services, said its board has approved a 2-for-1 stock split to be paid Feb. 7 to shareholders of record Jan. 31. The stock was one of the best performers in Orange County last year, increasing more than ninefold. On Friday, the shares hit a 52-week high of $63.75 before closing at $62.75, up $5.38. Last January, the stock was trading at less than $3 a share.
December 20, 1996
CKE Restaurants Inc., operator of the Carl's Jr. restaurant chain, declared a three-for-two stock split, effective Jan. 12 for stockholders of record Jan. 2. CKE said the split is based on "recent improvements" in its operating results and financial condition.
August 30, 1994
Dolco Packaging Corp., a Sherman Oaks-based maker of polystyrene foam and plastic packaging products, announced that its board has approved a 3-for-2 common stock split payable Sept. 30. The company has 971,637 common shares and 2.1 million preferred shares outstanding. After the split, there will be 1.4 million common shares.
September 17, 1997 | Bloomberg News
Pacific Sunwear of California Inc. said Tuesday its directors have declared a 3-for-2 stock split so that more investors can afford its shares, which reached a record last week. It's the second stock split in a year for the clothing retailer, which targets the teenage market. Last October it also approved a 3-for-2 split. The company's shares rose 13% on Sept. 4 after Pacific Sunwear said same-store sales, a key indicator of performance, rose 19.
March 29, 2003 | Leslie Earnest
On the heels of a strong year and an even stronger first quarter, sports apparel maker Quiksilver Inc. said its board had approved a 2-for-1 stock split. "We believe this will increase the liquidity of our shares and attract new investors," Chief Executive Robert B. McKnight Jr. said during a shareholders' meeting at the firm's Huntington Beach headquarters. It is the third stock split for Quiksilver since it went public in 1986.
December 11, 1997 | John O'Dell
Directors of Wynn's International Inc., a quiet but consistently profitable automotive parts and chemicals maker, have approved the company's fourth stock split in five years after the stock price more than doubled in the last 12 months. The 3-for-2 split will be effective on Dec. 22. Shareholders will be mailed one new share for every two held, and the company will pay cash for fractional shares. Wynn's stock closed Wednesday on the New York Stock Exchange at $32.
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