Aeroflex Incorporated Announces 25% Stock Dividend.Business Editors PLAINVIEW, N.Y.--(BUSINESS WIRE)--June 12, 2000 Aeroflex Incorporated (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ARXX), today announced that its Board of Directors declared a 25% stock dividend, effected in the form of a stock split. On July 7, 2000, Aeroflex stockholders will receive one additional share of common stock for each four shares they own on the record date of June 26, 2000. Cash will be paid in lieu of fractional shares Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. . Aeroflex Incorporated, through its subsidiaries, utilizes advanced technologies to provide state-of-the-art microelectronic module, integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for , interconnect and testing solutions used in communication applications for commercial and defense markets. It also designs and manufactures motion control systems and shock and vibration isolation Vibration isolation is the process of isolating an object, such as a piece of equipment, from the source of vibrations. Despite construction distinctions the essence of all vibration isolation systems are similar. systems used for commercial, industrial and defense applications. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion