Avnet Announces a 2-For-1 Stock Split.Business Editors/High-Tech Writers PHOENIX--(BUSINESS WIRE)--Sept. 5, 2000 Avnet Inc. (NYSE NYSE See: New York Stock Exchange :AVT AVT avian arginine vasotocin. See vasotocin. ) Tuesday announced that the company's board of directors has declared a 2-for-1 stock split to be effected in the form of a stock dividend. Shareholders of record on Sept. 18, 2000 will be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to one additional share of common stock for each share of Avnet common stock held on that date. The additional shares will be distributed on Sept. 28, 2000. Phoenix-based Avnet Inc., a Fortune 500 company with annual sales exceeding $9 billion, is one of the world's largest distributors of semiconductors, interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. , passive and electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). components and computer products from the leading manufacturers. Serving customers in 60 countries, Avnet markets, inventories and adds value to these products and provides world-class supply-chain management and engineering services. The company's web site is located at www.avnet.com. |
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