Microchip Technology Announces Stock Split
Microchip Technology Inc. (Chandler, AZ) announced a three-for-two stock split. The stock split is being implemented to increase trading liquidity and to place the stock in a more attractive trading range for retail investors. The stock split will be effective for stockholders of record after the market closes on April 22, 2002.
Additional stock certificates will be mailed to stockholders of record on May 8, 2002, at the rate of one additional share for every two shares held. Any fractional shares will be payable in cash. The adjusted number of shares outstanding and adjusted per-share stock price will be reported by Nasdaq effective May 9, 2002.