Local company approves stock split
by MDJ staff
December 22, 2013 12:10 AM | 868 views | 0 0 comments | 22 22 recommendations | email to a friend | print
Manhattan Associates, 2300 Windy Ridge Parkway in the Cumberland area, announced its Board of Directors has approved a four-for-one stock split of the company’s common stock, effected in the form of a stock dividend.
Each shareholder of record at the close of business Dec. 31 will receive three additional shares for every outstanding share held on the record date. The additional shares are expected to be distributed Jan. 10 and trading will begin on a split-adjusted basis Jan. 13.
Manhattan Associates designs, builds and delivers market-leading supply-chain commerce solutions that drive top line growth by converging front-end sales with back-end supply chain execution and efficiency.
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