December 20, 2010
Brazil’s Drogasil is planning a 3-for-1 share split, it says. The split was to be reflected in trading today, and done through the distribution to holders of 2 additional shares. Drogasil went public in 2007. The pharmacy chain had 62.70m shares outstanding prior to the split, and closed Friday at BRL44.19. Competitor Droga Raia went public Thursday, selling 21.9m primary and 5.4m secondary shares at BRL24.0 each.