4/20/2011 3:19:00 PM
NEWS BRIEFS
Fastenal Approves 2-for-1 Stock Split
Fastenal Company’s board of directors approved a two-for-one stock split of the Company’s outstanding common stock.
Holders of the Company’s common stock of record at the close of business on May 2, 2011, will receive one additional share of common stock for every share of common stock they own. The stock split will take effect at the close of business on May 20, 2011.
As of April 19, there are 147,430,712 shares of the Company’s common stock outstanding. After the split, assuming no additional shares are issued in the interim, this will become 294,861,424.
Fastenal operates over 2,500 stores located primarily in North America with additional locations in Asia, Europe, and Central America. The Company operates eleven distribution centers in the United States – Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington, California, Utah, North Carolina, and Kansas, and three outside the United States – Ontario, Canada; Alberta, Canada; and Nuevo Leon, Mexico. ©2011 GlobalFastenerNews.com
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