THQ Completes Stock Split

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.