Outdoor Channel Parent Moving, Splitting9/14/2004 6:19 AM Eastern
Outdoor Channel Holdings Inc. said Tuesday that effective 4:30 p.m. (EST), it will be incorporated in Delaware rather than Alaska.
In connection with the reincorporation, a two-for-five forward split of The Outdoor Channel parent company's outstanding shares of common stock will be automatically effected, which will result in a total of approximately 18.3 million shares of common stock outstanding after the reincorporation, the company said.
The company also announced that its shares of common stock are expected to begin trading on the NASDAQ National Market Wednesday, under the temporary symbol "OUTDD," which will return to "OUTD" after the requisite transition period.
The Outdoor Channel is in approximately 26.3 million cable and direct-broadcast satellite homes, according to Nielsen Media Research.