PITTSBURGH-The Associated Group Inc. announced its board of directors approved a two-for-one stock split of the company’s class A and B common stock.
The split will be effected in the form of a stock dividend of one share of Class A common stock and one share of class B common stock for each outstanding share of either, respectively, held by stockholders of record on Oct. 17. Additional shares will be distributed to stockholders on or about Oct. 27.
The Associated Group said it currently has 9.3 million shares of class A common stock and 9.4 million of class B.
