Advertisement
 
YOU ARE HERE: LAT HomeCollectionsStock Splits
IN THE NEWS

Stock Splits

CALIFORNIA | LOCAL
July 18, 2000
Syncor International Corp. in Woodland Hills announced a 2-for-1 stock split of its outstanding common stock. Syncor has about 12 million shares outstanding. The split entitles each shareholder of record on July 26 to receive a stock dividend of one additional share for each share of Syncor common stock held on that date. Syncor provides high-technology health care services including nuclear pharmacy services, medical imaging and radiotherapy.
Advertisement
BUSINESS
June 16, 2000 | Dow Jones
Nexell Therapeutics Inc. completed a 1-for-4 reverse stock split Thursday. Shares of the Irvine company closed at $12.88, down $2.38, in Nasdaq trading. Shareholders approved a decrease in the number of common shares to 80 million from 160 million. Nexell, which develops and markets cell therapies for cancer and other diseases, has 18.75 million shares of common stock outstanding.
BUSINESS
June 7, 2000 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Hughes Electronics Corp., the arm of General Motors that owns DirecTV, may soon be on the hunt for acquisitions to shore up its void in programming, high-speed Internet access, and other services needed to compete more effectively against the cable industry. The El Segundo-based satellite TV provider said Tuesday that it plans to split its Class H stock 3 for 1 to make it more affordable for investors.
CALIFORNIA | LOCAL
May 23, 2000
The Cheesecake Factory Inc. announced a 3-for-2 stock split of its outstanding common stock effective on the close of business on June 8, subject to shareholder approval. The Calabasas-based company operates more than 34 restaurants and a commercial bakery.
BUSINESS
May 6, 2000 | Bloomberg News
Meade Instruments Corp., a telescope and binocular maker that has seen its stock surge nearly sixfold in the past year, will split its shares 2-for-1. The split will occur about June 19 for shareholders of record May 22. The Irvine company will have about 16.4 million shares outstanding after the split, its first since it went public in 1997. Meade shares on Friday rose $3.50, or 5.1%, to $72.50 in Nasdaq trading.
BUSINESS
May 4, 2000 | Dow Jones
Powerwave Technologies Inc. shares fell 12.5% Wednesday on profit taking and general weakness in technology stocks. Better-than-expected earnings released in mid-April and a series of positive ratings from analysts helped propel the Irvine company's stock to a 52-week high of $222 on Monday, but the stock's sharp gains over the last two weeks prompted investors to take profits Tuesday and Wednesday, market observers said. The company's shares slipped $25.19 to $176.
BUSINESS
April 29, 2000 | Marc Ballon
Day Runner Inc., the struggling maker of daily organizers and planners, said Friday that its board of directors authorized a 1-for-5 reverse split of the company's stock. Under the reverse split, the Fullerton company would turn its total of more than 11.9 million shares outstanding into nearly 2.4 million shares. Day Runner said in a press release that it took the action to comply with Nasdaq listing requirements and "maintain its current listing."
BUSINESS
March 29, 2000 | Dow Jones
The value of Powerwave Technologies Inc. rose 12% Tuesday after the company filed a proxy statement about its plans for a three-for-one stock split and an increase of authorized shares to 135 million from 40 million. Shares of the Irvine maker of power amplifiers for wireless communications rose $17.75 Tuesday to close at $168.88 a share.
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
March 11, 2000 | Bloomberg News, Times Staff
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.
Los Angeles Times Articles
|