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Trimble board approves 2-for-1 stock split

SUNNYVALE, Calif. (AP) -- Trimble Navigation Limited, which makes software and positioning technologies used in surveying, construction, agriculture and other industries, said Monday that its board approved a 2-for-1 stock split.

The record date is March 6 and new shares should be distributed by March 20.

Trimble shares fell 63 cents to close at $59.58. They rose 76 cents to $60.34 in after-hours trading.