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

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

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