LKQ Corp. (LKQ) Approves Two-for-One Split
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LKQ Corporation (Nasdaq: LKQ) announced today that its Board of Directors approved a two-for-one split of the Company's common stock. Each stockholder of record at the close of business on August 28, 2012 will receive an additional share for every outstanding share held on the record date, and trading will begin on a split-adjusted basis on September 19, 2012.
The split is the third since LKQ began trading publicly in 2003. After accounting for the previous two splits, one share of common stock of LKQ purchased in 2003 at the initial public offering price of $13 would be worth approximately $150 based on yesterday's closing price.
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The split is the third since LKQ began trading publicly in 2003. After accounting for the previous two splits, one share of common stock of LKQ purchased in 2003 at the initial public offering price of $13 would be worth approximately $150 based on yesterday's closing price.
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