Alcatel's Board of Directors Proposes a Five-for-One Stock Split.Business Editors PARIS--(BUSINESS WIRE)--Feb. 3, 2000 Alcatel's Board of Directors decided to submit for the approval of the next Annual Shareholders' Meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. on May 16, 2000 the division by five of the nominal value Nominal Value The stated value of an issued security that remains fixed, as opposed to its market value, which fluctuates. Notes: When referring to fixed-income securities, the nominal value is also the face value. of Alcatel's common stock, from EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 10.0 to EUR 2.0. The split will be effective May 22, 2000. The division will increase the liquidity of Alcatel's stock and make the shares more affordable. The parity against Alcatel's ADS, listed on the NYSE NYSE See: New York Stock Exchange , becomes one-for-one. |
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