Copart (NASDAQ:CPRT) announced yesterday a 2-for-1 forward stock split of the company’s common stock together with a proportional split of the company’s authorized common stock effective as of January 6, 2000.
Copart shareholders of record at the close of the market on January 6, 2000 will receive one additional share for every share of Copart common stock held. The distribution date for such additional stock certificates will be January 24, 2000.
“The Board’s action is designed to facilitate improved trading liquidity and broaden stock ownership,” said Willis J. Johnson, Copart’s Chief Executive Officer.
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