Flamemaster Declares 2-for-1 Split of Stock
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Flamemaster, a Sun Valley manufacturer of flame-retardant coatings for electrical cables, declared a 2-for-1 stock split effective Aug. 5. The split will affect shareholders holding the stock on July 22.
The stock closed Monday at $7 in over-the-counter trading, with 997,000 shares outstanding. Joseph Mazin, the company’s president, said the split will help broaden the shareholder base and make it easier for Flamemaster to make acquisitions.
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