CMG Declares Two-For-One Stock Split

Share this content:
CMG Information Services Inc. (Nasdaq: CMGI), Andover, MA, announced last week that the company's board of directors has declared a two-for-one common stock split. The split will be effected in the form of a 100-percent stock dividend.


According to CMG, stockholders will receive one share of common stock for each share held on record date April 27. Shares will be distributed on May 11. Total outstanding shares after the split will be approximately 22.7 million.


CMG is a direct-marketing oriented Internet investment and incubator company with majority stakes in 20 Web firms including Lycos, Geocities and Accipiter. Microsoft, Intel and Sumitomo hold minority stakes in CMG.
close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above