ResMed Stock Split
SAN DIEGO — Sleep-product manufacturer ResMed has
completed its two-for-one stock split, doubling the company’s share
count to nearly 151.4 million excluding shares held as treasury
stock, the company reported last week.
The split was payable in the form of a 100 percent stock
dividend completed on Aug. 30. The closing price of the company’s
common stock on that date was $60.38.
“On a split-adjusted basis, the company’s closing stock price on
Aug. 30, 2010, would have been $30.19,” according to a release.
“The company’s total market capitalization as of Aug. 30, 2010, was
approximately $4.6 billion.”
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