Forrester Announces Two-For-One Stock Split And Possible Public Offering
Forrester Research, Inc. (Nasdaq: FORR) today announced that its board of directors has declared a two-for-one split of its common stock in the form of a 100-percent stock dividend, which is expected to be paid on or about February 7, 2000, to shareholders of record on January 31, 2000. Forrester also announced that it is planning to file a registration statement with the Securities and Exchange Commission for a public offering of approximately 3,000,000 to 4,000,000 split-adjusted shares of its common stock. It is expected that Forrester and certain shareholders, including George F. Colony, Forrester’s chairman and chief executive officer, will be selling shares in the offering. The timing and size of the offering are dependent on market conditions and other factors. The registration statement may be filed as early as the week of January 24, 2000.