Palo Alto Networks (PANW) announced that its board of directors has approved a two-for-one forward stock split of the company’s outstanding shares of common stock. The stock split is to be effected through an amendment to the company’s restated certificate of incorporation, which will also effect a proportionate increase in the number of authorized shares of common stock from 1B to 2B. Each stockholder of record as of the close of trading on December 12 will receive, after the close of trading on December 13, one additional share for every share held on the record date. Trading is expected to begin on a split-adjusted basis on December 16.
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