The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Neogen shares begin post-split trading

Wednesday, October 30, 2013

Neogen shares begin post-split trading

08:45 EDT Wednesday, October 30, 2013

LANSING, Mich., Oct. 30, 2013 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) today announced that all shares of its common stock will begin trading today on a "post-split" basis to reflect the company's previously announced 3-for-2 stock split.

Accordingly, the price of the common stock will automatically be adjusted downward by 33% from the NASDAQ National Market System closing price on Oct. 29, 2013, of $71.24 to $47.49 to account for the split. The adjusted price will be in effect at the opening of NASDAQ National Market System trading this morning.

Cash will be paid in lieu of fractional shares. As a result of the split, shares outstanding increases to approximately 36.45 million from approximately 24.3 million.

Neogen Corporation develops and markets products dedicated to food and animal safety. The company's Food Safety Division markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases and sanitation concerns. Neogen's Animal Safety Division is a leader in the development of animal genomics along with the manufacturing and distribution of a variety of animal healthcare products, including diagnostics, pharmaceuticals, veterinary instruments, wound care and disinfectants.

CONTACT: Steven J. QuinlanNeogen VP & CFO517/372-9200

 

 

SOURCE Neogen Corporation

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

Digital Business Solutions
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections