Authentic Fitness Plans 2-for-1 Stock Split on Feb. 10
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Authentic Fitness, the Van Nuys-based clothing company, announced a 2-for-1 common stock split to be distributed Feb. 10 to shareholders of record as of Jan. 10
After the split there will be 21.28 million shares outstanding.
The company, which sells swimwear under various brand names, including Speedo, has seen its profits and stock price climb in the past year.
The stock has recently traded in the $28 range, up from $14 at its initial public offering in 1992.
The company also plans to open 40 Speed Authentic Fitness clothing stores this year.
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