Chipotle Mexican Grill
said on Tuesday its board had approved a 50-for-1 split of its common stock, sending the burrito chain’s shares about 7% higher in extended trading.
The California-based company said the stock split was subject to shareholder approval at its upcoming annual meeting on June 6. If approved, shareholders of record as of June 18 will get 49 additional shares for each share held.
www.cnbc.com/2024/03/19/chipotles-board-of-directors-approves-50-for-1-stock-split-.html
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