Board of Directors of IXYS Approves Stock Split
IXYS Corp. (Santa Clara, CA) announced that its board of directors has approved a two-for-one split of the company's common stock. 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 July 20, 2000, to receive one share of common stock for every share of common stock held. The stock dividends resulting from the stock split are expected to be distributed by the transfer agent on August 10, 2000. As of July 6, 2000, IXYS had approximately 12.2 million shares outstanding. Upon completion of the split, the number will increase to approximately 24.4 million.