Monday, September 13, 2010
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."