Pixar Announces Two-for-One Stock Split
Pixar Animation Studios today announced that its Board of Directors has approved a two-for-one split of the company’s common stock and a proportional increase in the number of Pixar common shares authorized from 100 million to 200 million.
Shareholders of record at the close of trading on April 4, 2005 will receive one additional share of Pixar for every outstanding share held on the record date. Trading will begin on a split-adjusted basis on April 19, 2005.
[Source: PR Newswire]