Atmel Corp. (San Jose, CA) has announced that its board of directors has approved a two-for-one stock split. The split will boost the number of outstanding shares from 224.6 million to 449.2 million.
The company said the split would be effected as a stock dividend. Shareholders of record at the close of business on August 11, 2000 will be issued a certificate representing one additional share for each share already held. Atmel plans to distribute these certificates on August 25, 2000.
"The board of directors authorized this stock split principally to continue broadening our shareholder base, as we are encountering unprecedented growth in the semiconductor industry," commented George Perlegos, chief executive of the company, in a prepared statement.
