Anadarko sets 2-for-1 stock split
Thu Feb 2, 2006 6:06 PM ET
NEW YORK, Feb 2 (Reuters) - Anadarko Petroleum Corp. (APC.N: Quote, Profile, Research), a large independent oil and gas producer whose shares trade for more than $100 each, on Thursday said its board of directors authorized a 2-for-1 stock split.
Houston-based Anadarko said the split will be effective on May 26 for shareholders of record as of May 12. The split will require shareholders to authorize issuance of new shares at the company's May 11 annual meeting.
FACT BOX
APC.N (Anadarko Petroleum Corp)
Last: $105.59
Change: +1.89
Up/Down: +1.82%
FebMayAugNov
Quote
Full Chart
Company Profile
Analyst Research
News for APC.N
UPDATE 3-Anadarko 4th-qtr results surge on oil prices
UPDATE 2-Anadarko 4th-qtr results surge on oil prices
TABLE-Anadarko Q4 earnings rise
A stock split reduces the share price by increasing the number of shares outstanding, and can make it easier for smaller investors to buy shares. Anardarko said it would have about 460 million shares outstanding after a split.
Anadarko shares fell 86 cents to $103.70 in Thursday trading on the New York Stock Exchange.
