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Stock Splits

BUSINESS
December 1, 1998 | Bloomberg News
Kennedy-Wilson Inc.'s shares rose 10% after the commercial property broker said it will split its shares 3-for-2 in an effort to attract more investors. The Santa Monica company's stock rose $1.75 to close at $12.75 on Nasdaq volume of 56,600 shares, more than seven times the three-month daily average of 8,000 shares. The split will be made through a stock dividend in which shareholders will get one share for every two held, the company said.
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BUSINESS
December 8, 1998 | (P.J. Huffstutter)
The board of directors of Lake Forest-based Telenetics Corp. has approved a 1-to-5 reverse stock split, dropping the number of shares of common stock outstanding to 9 million from 45 million, the company said Monday. The split is an attempt to repackage the company's capital structure to "attract a larger potential investor base," said Telenetics Chief Executive Michael Armani.
BUSINESS
September 29, 1998
AMDL Inc., Tustin-based maker of diagnostic kits to detect cancer and other diseases, said its shareholders have approved a 1-for-20 reverse stock split. The stock, which trades over the counter, closed Monday at 6 cents a share.
BUSINESS
February 6, 1998 | Dow Jones
Bikers Dream Inc. declared a 1-for-5 reverse stock split effective Thursday. The company said it has about 3.85 million shares outstanding after the reverse split. The company said it filed to be listed on the Nasdaq Small Cap market, and it declared the reverse split to meet Nasdaq's initial standards. Bikers Dream, which is traded over-the-counter, makes heavyweight cruiser motorcycles.
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.
BUSINESS
November 25, 1998 | Bloomberg News
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.
BUSINESS
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.
CALIFORNIA | LOCAL
March 21, 2000
MRV Communications Inc. in Chatsworth has announced a special shareholders meeting May 10 to approve a two-for-one stock split and an increase in authorized common stock from 80 million to 160 million shares. Assuming approval by the stockholders of the stock split and the increase in authorized common stock, the record date for the stock split will be May 11. Post-split trading is expected to commence May 29.
BUSINESS
September 26, 2001 | Times Staff and Wire Reports
Irvine Sensors Corp. shareholders approved a 1-for-20 reverse stock split, which takes effect today, in response to Nasdaq warnings that the shares could be delisted for falling below the $1 minimum price requirement. The Costa Mesa electronics products maker's stock, which has lost more than 88% of its value this year, closed Tuesday at 14 cents, off 4 cents a share, on the Nasdaq SmallCap market.
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