DIGI INTERNATIONAL DECLARES 3-FOR-2 STOCK SPLIT
DIGI INTERNATIONAL DECLARES 3-FOR-2 STOCK SPLIT EDEN PRAIRIE, Minn., Feb. 27 /PRNewswire/ -- Digi International Inc.
(NASDAQ: DGII) today announced that the board of directors has declared a 3-for-2 split of the company's common stock in the form of a 50 percent stock dividend. Stockholders will receive on March 31, 1992, one additional share of common stock for each two shares held of record on March 16, 1992.
Digi International Inc. is a leading provider of data communications hardware and software products that permit microcomputers to function as multiuser systems in a variety of operating system environments. The company produces these communications subsystems under the DigiBoard and Arnet trade names for the rapidly growing multiuser microcomputer connectivity market. Digi International was ranked fifth of the best small companies in the United States by Forbes and Business Week magazines. -0- 2/27/92 /CONTACT: Jerry Wall or Maureen McGarrigle, both of Digi, 612-943-9020/ (DGII) CO: Digi International Inc. ST: Minnesota IN: CPR SU:
KH -- MN002 -- 3141 02/27/92 09:51 EST
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|Date:||Feb 27, 1992|
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