Cloud computing company Salesforce.com (CRM) Thursday said its Board has approved a four-for-one split of its common stock and that its stockholders have approved a proportional increase in the number of authorized shares from 400 million to 1.6 billion.
Each stockholder of record at the close of business on April 3, 2013, will receive three additional shares for every outstanding share held on the record date. Trading will begin on a split-adjusted basis on April 18, 2013.
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