LANSING, Mich., Jan. 2, 2018 /PRNewswire/ -- Neogen
Corporation (NASDAQ: NEOG) today announced that all shares of its
common stock will begin trading today on a "post-split" basis to
reflect the company's previously announced 4-for-3 stock split.
Accordingly, the price of the common stock will automatically be
adjusted downward by 25% from the NASDAQ National Market System
closing price on Dec. 29, 2017, of
$82.21 to approximately $61.66 to account for the split. The adjusted
price will be in effect at the opening of NASDAQ National Market
System trading this morning.
As a result of the split, shares outstanding increases to
approximately 51.5 million from approximately 38.6 million.
Neogen Corporation develops and markets products dedicated to
food and animal safety. The company's Food Safety Division markets
dehydrated culture media and diagnostic test kits to detect
foodborne bacteria, natural toxins, food allergens, drug residues,
plant diseases and sanitation concerns. Neogen's Animal Safety
Division is a leader in the development of animal genomics along
with the manufacturing and distribution of a variety of animal
healthcare products, including diagnostics, pharmaceuticals,
veterinary instruments, wound care and disinfectants.
CONTACT:
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Steve Quinlan,
Vice President & CFO
|
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517/372-9200
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SOURCE Neogen Corporation