QLogic Directors OK 2-for-1 Stock Split
QLogic Corp. directors, who have seen the Costa Mesa company’s shares climb nearly sevenfold over the last year, have approved a 2-for-1 stock split.
On July 30, shareholders of record July 22 will receive one additional share of common stock for each share they hold, the company said Wednesday.
The stock moved up $4.06 a share Wednesday to close at $133.31.
After the split, the provider of high-speed computer technology will have approximately 36 million shares outstanding.
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