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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] -- Ignore unavailable to you. Want to Upgrade?


To: MangoBoy who wrote (1147)3/21/2000 9:36:00 AM
From: MangoBoy  Read Replies (1) | Respond to of 1860
 
[Teligent Announces Two-For-One Stock Split]

VIENNA, Va., March 21 /PRNewswire/ -- Teligent, a global leader in broadband communications, today announced that the company's board of directors has authorized a two-for-one stock split. The stock split is subject to shareholder approval of an amendment to the company's certificate of incorporation authorizing an increase in the number of shares of Teligent common stock.

The proposed amendment will be presented to shareholders at the company's annual meeting on May 25. The split would be effected as a 100% stock dividend. Teligent's board of directors will set the record date and payment date for the stock distribution.