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Short Take: Commerce One splits stock three-for-one

E-commerce service provider Commerce One announced today that its board of directors approved a three-for-one stock split. Stockholders of record will benefit from the split of common shares at the close of business on Dec. 3. The split increases the number of shares outstanding from about 24,061,999 to approximately 72,185,997. Commerce One's Chief executive officer said the board decided upon the split to obtain wider distribution and greater liquidity.

E-commerce service provider Commerce One announced today that its board of directors approved a three-for-one stock split. Stockholders of record will benefit from the split of common shares at the close of business on Dec. 3. The split increases the number of shares outstanding from about 24,061,999 to approximately 72,185,997. Commerce One's Chief executive officer said the board decided upon the split to obtain wider distribution and greater liquidity.