Saga Communications Stockholders Receive 4 For 3 Stock Split
January 18, 2013 at 6:14 AM (PT)
SAGA COMMUNICATIONS' Board of Directors has declared a 4 for 3 stock split on its Class A and Class B Common Shares. The new shares were distributed on JANUARY 16th to shareholders of record as of the close of business on DECEMBER 28th, 2012.
As a result of the stock split, each shareholder of Class A Common Stock will receive one additional share of Class A Common Stock for every three shares of Class A Common Stock owned, and each shareholder of Class B Common Stock will receive one additional share of Class B Common Stock for every three shares of Class B Common Stock owned. Fractional shares will be paid for in cash.