The Manhattan Associates (NASDAQ: MANH) board of directors has approved a four-for-one stock split of the company´s common stock, effected in the form of a stock dividend.
Each shareholder of record at the close of business on December 31, 2013 will receive three additional shares for every outstanding share held on the record date. The additional shares are expected to be distributed on January 10, 2014 and trading will begin on a split-adjusted basis on January 13, 2014.
Manhattan Associates brings designs and builds supply chain commerce solutions that drive top line growth by converging front-end sales with back-end supply chain execution and efficiency. For more information, visit www.manh.com.