Under Armour stock-split plan set to happen in April

Under Armour Inc.’s board of directors has approved the issuance of a new class of stock that will ultimately be a 2-for-1 stock split for shareholders. The Class C stock will be issued through a stock dividend. The approval comes after the company in October settled a class-action lawsuit with shareholders, who alleged Under Armour (NYSE: UA) board members breached their fiduciary duties by approving the new class of stock and changes to the company’s charter. Under the split, the company will…

from http://www.bizjournals.com/baltimore/news/2016/03/16/under-armour-stock-split-plan-set-to-happen-in.html
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