USA: GM Announces Three-for-One Split of Class H Stock
The General Motors Corp. (NYSE: GM-GMH) Board of Directors today declared a three-for-one stock split of GM Class H common stock. The stock split will be in the form of a 200 percent stock dividend, payable on June 30, 2000 to GM Class H stockholders of record on June 13, 2000. `The split will make the Class H stock substantially more liquid and accessible to a broader range of investors,` said General Motors Chairman John F. Smith, Jr. `We believe that the appreciation in the value of the Class H stock has made this the right course of action.`
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