AMERICAN HOMESTAR CORPORATION DECLARES THREE-FOR-TWO STOCK SPLIT.HOUSTON--(BUSINESS WIRE)--October 6, 1997--American Homestar Corporation (Nasdaq/NM:HSTR HSTR Harry S Truman National Historic Site (US National Park Service) HSTR High Speed Token Ring ) today announced that the Board of Directors has declared a three-for-two split of its common stock in the form of a 50% stock dividend. The new shares will be distributed on October October: see month. 31, 1997, to shareholders of record on October 17, 1997. Fractional shares Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. will be rounded up to the next whole share. After giving effect to the three-for-two split, there will be approximately 17,158,000 shares outstanding compared with approximately 11,438,000 shares currently outstanding. American Homestar is one of the leading vertically integrated manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected companies. The Company currently operates 11 manufacturing plants, 70 Company-owned retail sales centers, and serves over 400 independent retail locations in 28 states. The Company also provides retail financing through its finance affiliate, 21st Century Mortgage, and provides insurance and transportation services to its customers. CONTACT: American Homestar Corp., Houston Craig Reynolds Craig Reynolds can refer to:
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