Beacon Roofing Supply Declares Three-for-Two Stock Split.PEABODY, Mass. -- Beacon Beacon, city (1990 pop. 13,243), Dutchess co., SE N.Y., on the E bank of the Hudson River; settled 1663, inc. in 1913 when Fishkill Landing and Matteawan villages were united. Roofing Supply, Inc. ("Beacon" or the "Company")(Nasdaq: BECN (Backward Explicit Congestion Notification) A frame relay message that notifies the sending device that a congestion avoidance procedure should be initiated. See FECN. ) today announced that its Board of Directors has approved a three-for-two stock split that will be distributed in the form of a 50 percent stock dividend. Beacon's stockholders of record at the close of business on May 31, 2006 will receive one additional share for every two shares of common stock held on that date. Beacon intends to distribute the shares on June 12, 2006. The stock split will increase the number of shares of Beacon common stock outstanding from approximately 29.2 million to approximately 43.8 million. In announcing the stock split, Robert Buck Robert Buck can refer to:
"We believe this stock split will place the market price of Beacon's common stock in a more attractive range for investors," said Mr. Buck. "By increasing the number of shares available for sale to the public, we also believe this action will help increase the liquidity of the Company's common stock," he added. About Beacon Roofing Supply, Inc.: Beacon Roofing Supply, Inc. is a leading distributor of roofing materials and complementary building products operating 148 branches in 30 states and in Eastern Canada Eastern Canada (also the Eastern provinces) is the region of Canada generally considered to be east of Manitoba, consisting of the following provinces:
Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This release contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those set forth in the "Risk Factors" section of the Company's latest Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any obligation to do so other than as required by federal securities laws. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release. |
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