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twitterCompany declares stock split
Monday, May 2, 2005 | 9:42 a.m.
Ameristar Casinos Inc. today announced a 2-for-1 split of the company's stock. The split will become effective at the close of business on June 6. One additional share of common stock will be distributed on June 20 for each share of common stock held by stockholders of record as of June 6.
The Las Vegas company's outstanding shares of stock will increase to about 55.6 million and the number of authorized shares of stock will increase to 120 million.
"We believe the stock split will increase the liquidity of our shares and make them attractive to a broader range of investors," Chief Executive Craig H. Neilsen said in a statement.
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