So an investor who owned 10 shares Tuesday received five additional shares, for a total of 15.
In December, the company said it expected the stock split to boost the number of shares outstanding from 18.8 million to about 28.2 million.
Naturally, each share dropped in value.
The stock closed at
So an investor who owned 10 shares on Tuesday would have owned
A year ago, The Andersons stock was trading at less than
Company officials said motivation for the stock split was to put more liquidity -- the ease with which a stock can be bought or sold without greatly affecting its price -- back into The Andersons' stock.
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