BEAS - old news on 2 for 1 - but approval confirmed
Thursday April 6, 5:53 pm Eastern Time
Company Press Release
SOURCE: BEA Systems Inc.
BEA Stockholders Approve Two-for-One Stock Split
SAN JOSE, Calif., April 6 /PRNewswire/ -- BEA Systems, Inc. (Nasdaq: BEAS - news), the E-Commerce Transactions Company(TM), announced today that stockholders approved an increase in the company's authorized common stock from 285,000,000 to 1,035,000,000 shares, which permits the company to complete its previously announced two-for-one stock split, to be effected in the form of a stock dividend. The company's Board of Directors had previously approved the split in February 2000, subject to stockholder approval of the increase in authorized common stock. The record date for the stock split has been set at April 7, 2000.
The stock split will be effected in the form of a stock dividend and will entitle each stockholder of record at the close of business on April 7, 2000 to receive one share for every share of common stock held on the record date. The stock dividends resulting from the split are to be distributed by the transfer agent on April 24, 2000. Post-split trading is expected to commence thereafter. |
