Corinthian Colleges Plans 2-for-1 Split
Dow Jones
Corinthian Colleges Inc., the Santa Ana owner of private colleges nationwide, said Thursday it will split its stock 2 for 1, with the new shares issued Dec. 15 to shareholders of record Nov. 30.
The split will double the number of shares to 23 million while cutting the value of each share in half.
Corinthian’s stock price, which has quadrupled since April, lost $1.88 Thursday to close at $65.63 a share.
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