Tektronix, Inc. today announced that its Board of Directors has approved a two-for-one stock split of the Company's common stock.
The stock split will entitle each stockholder of record at the close of business on October 10, 2000 (the record date) to receive a stock dividend of one additional share for every share of Tektronix common stock held on that date. Shares resulting from the split will be distributed by the transfer agent on October 31, 2000 (the effective date). Tektronix' stock will reflect the post-split price at the opening of the trading session on November 1, 2000. Tektronix currently has approximately 48 million shares of common stock outstanding.
"We feel the timing is appropriate for the split with the continued strength in our business and in the markets we serve," said Rick Wills, Tektronix President and Chief Executive Officer. "The split will improve the liquidity of our stock and enable us to broaden our investor base."
Tektronix, Inc., is a test, measurement, and monitoring company providing measurement solutions to industries including semiconductors, computers, and networking. With over 50 years of experience, Tektronix enables its customers to design, build, deploy and manage next-generation global communications networks and Internet technologies. Headquartered in Beaverton, Oregon, Tektronix has operations in 25 countries worldwide.
SOURCE: Tektronix, Inc.
Contact: Media, Heather Wyse, 503-627-1121, or Analysts, Colin Slade,
503-627-3749, or Sue Kirby, 503-627-6106, all of Tektronix, Inc.
Company News On-Call: http://www.prnewswire.com/comp/836675.html or fax,
800-758-5804, ext. 836675
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