Pacific Sunwear to Split Stock 3-for-2 on June 8
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Directors of Anaheim-based Pacific Sunwear of California Inc. have declared a 3-for-2 stock split.
Shareholders of the youth-apparel retailer will receive one new share of common stock for every two shares they own June 8.
The additional shares will be mailed June 18, the company said.
The stock Wednesday rose $1 a share to $36.38.
The company currently operates 342 Pacific Sunwear stores, 14 Pacific Sunwear outlet stores and 27 d.e.m.o. stores, for a total of 383 stores in 44 states.
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