Women's imaging vendor Hologic said that its board of directors has approved a two-for-one stock split.
The split, to be effected in the form of a stock dividend, is subject to stockholder approval of a proposed amendment to increase the number of shares of common stock the company may issue from 300 million to 750 million shares, according to the Bedford, MA-based vendor.
The amendment will be voted on at Hologic's annual stockholder meeting on March 11. If it receives approval, the record date for the stock split will be March 21 and the payment date will be April 2. The stock split would increase the number of outstanding shares of common stock from approximately 127.7 million to approximately 255.4 million shares, Hologic said.
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