Manugistics Group, Inc. (Nasdaq: MANU) said Wednesday it will offer a two-for-one split of the company's common stock.
Shares of the vendor of supply chain management software were up 2.13 to 132.13.
The split will be in the form of a 100 percent stock dividend. Each stockholder will be entitled to receive one additional share of common stock for every share held on the record date, market close on Nov. 20, 2000. The distribution date is December 7, 2000 at the same time as the payment of dividends.
Shares will begin trading on a spit basis on December 8, 2000.
Back in September, Manugistics made news when it snapped up privately-held Talus Solutions in a stock swap in a deal worth $366 million at the time.