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Neogen To Split 3-For-2

Posted on: Tue, 17 Nov 2009 07:04:00 EST

Symbols: NEOG

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Nov 17, 2009 (FinancialWire via COMTEX) --
NEOG | Quote | Chart | News | PowerRating -- (Comment on this article at http://www.financialwire.net/2009/11/17/neogen-to-split-3-for-2/)

November 17, 2009 (FinancialWire) -- Neogen Corp.'s (NASDAQ: NEOG | Quote | Chart | News | PowerRating) board has approved a three-for-two stock split. With the split, shareholders of record on November 30 will receive one additional share of stock for each two shares held.

The split will be effected in the form of a stock dividend that will be paid in newly issued common stock on December 15. As of November 16, Neogen had around 15 million shares of common stock outstanding.

After the split, the company will have approximately 22.5 million shares of common stock outstanding. This is the third stock dividend declared by the company. The most recent was a three-for-two split in September 2007.

Lansing, Michigan-based Neogen develops and markets products focused on food and animal safety. The company markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, genetic modifications, food allergens, drug residues, plant diseases and sanitation concerns.

Neogen's animal safety division markets a line of diagnostics, veterinary instruments, veterinary pharmaceuticals, nutritional supplements, disinfectants, and rodenticides.

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Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279). Monday's issued reports and/or recorded webcasts include Marine Harvest ASA (x: MHG), China GengSheng Minerals, Inc. (OTCBB: CHGS), Skystar Bio-Pharmaceutical Company (OTCBB: SKBI), Fortuna Silver Mines, Inc. (TSX Venture: FVI), LocatePLUS Holdings, Inc. (OTC: LPHC) and Premier Power Renewable Energy, Inc. (OTCBB: PPRW).

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