Beverage company splits stock.
Hansen Han·sen , Gerhard Henrik Armauer 1746-1845.
Norwegian physician and bacteriologist who discovered (1869) the leprosy bacillus. Natural Corp. announced a 4-for-1 split of its common stock
in an effort to increase the liquidity and decrease the volatility of
its shares.
Corona-based Hansen has been on a tear over the past year as its
Monster energy Monster Energy (usually simply known as Monster) is a brand of energy drink manufactured by Monster Beverage Company of Corona, California, which is owned and operated by Hansen Beverage Company. Monster is known for its high advertising budget. drink has quickly catapulted into the No. 2 spot in its
drink category, second only to Red Bull. That has sent its stock surging
to $202.10 on May 10, up from $38.03 last June June: see month. . However, shares have
since pulled back, to close Monday Monday: see week. at $156.01.
Three new shares will be distributed on or after July 7 for each
single share held by stock holders of record as of the close of business
June 30. The company expects stocks to begin trading on a post-split
basis on July 10.
COPYRIGHT 2006 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
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