CALIFORNIA | LOCAL
December 14, 1999
Jerry's Famous Deli, Studio City, said its board of directors has proposed a 1-for-3 reverse stock split to avoid delisting from the Nasdaq National Market on Dec. 27. The company intends to file an appeal with Nasdaq in order to maintain its current listing until a plan is in place to move to the Nasdaq SmallCap Market. If the company is delisted, it would be forced to move to the OTC Bulletin Board. Jerry's Famous Deli operates restaurants in Southern California and Florida.
November 25, 1998 |
Merck & Co., the world's biggest drug maker, said it will split its stock 2-for-1 in February, its first split since 1992, as prospects for its new painkiller push its shares to record prices. Merck said it has filed with the Food and Drug Administration for approval of its drug Vioxx, which appears to treat pain and swelling without irritating the stomach. Analysts estimate the drug could top $1 billion in annual sales. Although rival Monsanto Co.
CALIFORNIA | LOCAL
March 16, 1999
Sylmar-based MiniMed Inc. on Monday announced a 2-for-1 stock split in which the company will issue one additional share of common stock for every share of common stock outstanding. The stock split, which will increase the total number of fully diluted shares outstanding to about 14 million, will be effective April 1 for shareholders of record at the close of business on that date and will be distributed April 16. Alfred E.
October 7, 1997
Trio-Tech International of San Fernando announced that a 3-for-2 split of its common stock became effective Oct. 1. The split will be paid in the form of a 50% stock dividend to be distributed beginning Wednesday to shareholders of record at the close of business Sept. 30.
March 11, 2000 |
Investors are practically doing cartwheels over companies doing stock splits. Rambus Inc. (RMBS), which develops technology to make computer chips work faster, said Friday that it will split its shares 4-for-1, and the news sent its stock up 11% to a record. The Mountain View, Calif., company's shares surged $41.55 to $421. The split, expected to occur May 24 for shareholders of record March 30, will be the company's first since it sold shares to the public in 1997 at $12 apiece.
November 7, 1997 |
Varco International Inc. said it approved a 2-for-1 stock split and adopted a shareholder rights plan to defend against unwanted takeover efforts. The maker of oil- and gas-well drilling products said its stock split is payable Dec. 4 to shareholders of record Nov. 20. Under the shareholder rights plan, shareholders will receive one right to purchase preferred stock for each share of common stock.
January 22, 2000
Research Engineers Inc., a Yorba Linda provider of engineering software services, said its board has approved a 2-for-1 stock split to be paid Feb. 7 to shareholders of record Jan. 31. The stock was one of the best performers in Orange County last year, increasing more than ninefold. On Friday, the shares hit a 52-week high of $63.75 before closing at $62.75, up $5.38. Last January, the stock was trading at less than $3 a share.
December 20, 1996
CKE Restaurants Inc., operator of the Carl's Jr. restaurant chain, declared a three-for-two stock split, effective Jan. 12 for stockholders of record Jan. 2. CKE said the split is based on "recent improvements" in its operating results and financial condition.
August 30, 1994
Dolco Packaging Corp., a Sherman Oaks-based maker of polystyrene foam and plastic packaging products, announced that its board has approved a 3-for-2 common stock split payable Sept. 30. The company has 971,637 common shares and 2.1 million preferred shares outstanding. After the split, there will be 1.4 million common shares.