The board of directors of Applied Bioscience International Inc.on Wednesday approved a 2-for-1 common stock split payableas a stock dividend to holders of record as of April 13. Thestock distribution will be made on April 30.
The East Millstone, N.J., company (NASDAQ:APBI) providesservices such as biological safety testing, clinical research anddevelopment, agrichemical R&D, and the assessment andmanagement of environmental risk. Prior to the split, AppliedBio has 14 million shares outstanding. The stock lost 50 cents to$36.25 on Wednesday.
(c) 1997 American Health Consultants. All rights reserved.