another bounce of $19's for RMBS ....MRVL split effective this coming monday
Marvell(R) Announces Shareholder Approval of an Increase in Authorized Share Capital to Allow for 2-for-1 Stock Split
SUNNYVALE, Calif., June 12 /PRNewswire-FirstCall/ -- Marvell(R) Technology Group Ltd. (Nasdaq: MRVL), the leader in development of storage, communications, and consumer silicon solutions, announced today that at its June 9, 2006 Annual General Meeting its shareholders approved an increase in the Company's authorized capital in order to allow a two for one stock split of the Company's common stock to be paid in the form of a 100% stock dividend. The stock split was previously approved by Marvell's Board of Directors on February 21, 2006, and was subject to shareholder approval of an increase in the Company's authorized share capital.
Stock certificates representing one additional share for each share held will be delivered on or about July 24, 2006 (payment date) to all shareholders of record at the close of business on July 10, 2006 (record date).