Newbridge Networks announced a two-for-one stock split effected in the form of a 100-percent stock dividend to be paid on October 11 to shareholders of record as of September 30. Following the stock split, there will be approximately 170,000,000 outstanding common shares. Newbridge designs, manufactures ,and services a family of networking products.
Short: Newbridge announced two-for-one split
Newbridge Networks announced a two-for-one stock split effected in the form of a 100-percent stock dividend to be paid on October 11 to shareholders of record as of September 30. Following the stock split, there will be approximately 170,000,000 outstanding common shares. Newbridge designs, manufactures ,and services a family of networking products.