Sponsored By

Officials from game publisher and developer THQ have announced the completion of the company’s <a href="http://www.gamasutra.com/php-bin/news_index.php?story=6183">previo...

David Jenkins, Blogger

September 6, 2005

1 Min Read

Officials from game publisher and developer THQ have announced the completion of the company’s previously announced three-for-two stock split, which means shareholders will receive one extra stock share for every two they already own. The stock split was effected in the form of a 50 percent stock dividend and the dividend shares were distributed on September 1st to stockholders of record, as of the close of business on August 19th. Cash will be paid in lieu of fractional shares. The split adjusted share price was reflected on NASDAQ as the market opened today, where the company now has approximately 62 million shares of common stock outstanding. The company's stock price was at $22.15 as of press time, unchanged for the day, and giving the company a market capitalization of $1.37 billion.

About the Author(s)

David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

Daily news, dev blogs, and stories from Game Developer straight to your inbox

You May Also Like