Sanmina Announces Two-For-One Stock Split
SAN JOSE, Calif., Jan. 18 /PRNewswire/ -- Sanmina Corporation (Nasdaq: SANM - news), a leading electronics contract manufacturer, today announced that its Board of Directors has approved a two-for-one stock split payable in the form of a 100 percent stock dividend to shareholders of record on February l, 2000. Upon completion of the stock split, the number of shares outstanding will be approximately 120 million. Certificates reflecting the stock split will be issued on or about February 22, 2000.
Commenting on the stock dividend, Jure Sola, Sanmina's Chairman and Chief Executive Officer, said, ``As a result of Sanmina's solid operating results and continued prospects for growth, we believe a two-for-one stock split will contribute to improved shareholder value.' |
