NEW RIVER BOARD OKS 2-FOR-1 STOCK SPLIT

Specialty pharmaceutical company New River Pharmaceuticals Inc. said Tuesday that its board has approved a 2-for-1 split of the company's stock, to be effected in the form of a stock dividend. Each shareholder of record on Dec. 30 will be issued one additional share of common stock for every share owned. The distribution will be made on Jan. 12, and trading of New River shares on a split-adjusted basis will begin on Jan. 13.

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