ZEVEX International Announces 3-for-2 Stock Split
April 20 2006 - 6:10PM
Business Wire
ZEVEX International Inc. (NASDAQ: ZVXI), developer and manufacturer
of high-quality, high-value medical products, announced today that
its board of directors has approved a 3-for-2 stock split on all
shares of its outstanding common stock, that will be effected in
the form of a 50% stock dividend. The dividend will entitle all
stockholders on record, as of the close of business on May 4, 2006,
to receive one additional share of common stock for every two
shares of common stock held at such time. The additional shares
will be distributed to all stockholders on or about May 19, 2006.
Currently, the company has approximately 3.6 million shares of
common stock outstanding. After giving effect to the stock split,
the company will have approximately 5.5 million shares of common
stock outstanding. The board of directors believes the stock split
reflects its confidence in the outlook for ZEVEX, and that the
increase in outstanding shares will enhance the trading of the
company's stock. About ZEVEX ZEVEX International Inc.
(www.zevex.com), founded in 1986, is a diversified medical device
company committed to creating products that transform life with
patented and proprietary medical device technologies -- from
sensors and surgical tools, to medical electronic systems.
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