PairGain Planning 2-For-1 Stock Split

PairGain Technologies Inc. said Friday that it plans a 2-for-1 split of its common stock, which has surged more than 150% this year.

The company, which makes telecommunications products, plans to hold a special stockholders’ meeting Dec. 10 to approve an increase in the number of authorized shares of stock from 60 million to 175 million.

The stock closed Friday at $71.25, down 25 cents, in Nasdaq trading.