Monsanto (MON) Announces 2-for-1 Stock Split

June 27, 2006 8:51 AM EDT
Monsanto Company (NYSE: MON) said its Board of Directors has approved a two-for-one split of the company's common stock effected in the form of a stock dividend.

Monsanto said the stock split will be payable on July 28, 2006, to shareowners of record at the close of business on July 7, 2006.

The company currently expects that shares of its common stock will begin trading on a split basis at the beginning of trading on July 31, 2006, but timing is contingent on processing of the transaction by the NYSE.

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