Power-One Declares Three-for-Two Stock Split of Common Company Stock

May 17, 2000 by Jeff Shepard

Power-One Inc.'s (Camarillo, CA) board of directors declared a three-for-two stock split of the company's common stock at its meeting, May 9, 2000.

The stock split will be effected in the form of a 50-percent stock dividend payable June 2, 2000, to stockholders of record May 24, 2000. The dividend will increase the number of outstanding shares to about 36.4 million from about 24.3 million.