Saia announced that its board has approved a three-for-two stock split, which will be effected June 13, for shareholders of record as of the close of business on the record date of May 31. Shareholders will be issued a certificate representing one additional share of common stock for every two shares of common stock held on the record date by the company's transfer agent, Computershare Trust Company, NA. In lieu of fractional shares, shareholders will receive a cash payment based on the closing price of the common stock on the record date. Upon completion of the split, the company will have approximately 24.948M shares outstanding.
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