AboveNet plans stock split
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- August
- 4
AboveNet Inc., a White Plains-based telecommunications company that provides high-speed data links, announced plans for a two-for-one stock split after its shares jumped 195 percent this year.
AboveNet’s stock has soared in response to increasing demand for its services from financial firms, media companies and other corporate customers. AboveNet’s system delivers network and Internet services in 15 top U.S. markets and London.
As a result of the stock split, stockholders of record on Aug. 20 will receive one additional share for each share held on that date. The new shares will be distributed on Sept. 3.
This entry was posted
on Tuesday, August 4th, 2009 at 2:14 pm by Jay Loomis.
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Category: Stocks
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