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Stock impact report

NETGEAR Announces Declaration of a Special Stock Dividend to Spin-Off Arlo

NETGEAR, Inc. (NTGR) 
Last netgear, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.netgear.com
Company Research Source: GlobeNewswire
SAN JOSE, Calif., Nov. 29, 2018 (GLOBE NEWSWIRE) -- NETGEAR, Inc. (NASDAQ: NTGR) announced today that its Board of Directors has approved a special stock dividend (the “distribution”) to NETGEAR stockholders of the 62,500,000 shares of common stock of Arlo Technologies, Inc. (NYSE: ARLO) owned by NETGEAR, representing approximately 84.2% of the outstanding shares of Arlo common stock. Subject to certain customary conditions, the distribution by NETGEAR of the special stock dividend will be made on December 31, 2018 (the “distribution date”) to all NETGEAR stockholders of record on the record date of December 17, 2018. The distribution will take place in the form of a pro rata common stock dividend to each NETGEAR stockholder of record on the record date. As of November 28, 2018, NETGEAR had approximately 31,530,784 shares of its common stock, par value $0.001 per share, outstanding. Based on such number, NETGEAR estimates that NETGEAR stockholders will receive approximately 1.98 sh Show less Read more
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