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Stock impact report

NETGEAR Announces Distribution Ratio for Special Stock Dividend to Stockholders

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., Dec. 18, 2018 (GLOBE NEWSWIRE) -- NETGEAR, Inc. (NASDAQ: NTGR) today announced the distribution ratio for the previously announced special stock dividend (the “distribution”) to its stockholders of its equity interest in Arlo Technologies, Inc. (NYSE: ARLO). Based on the shares of NETGEAR common stock outstanding as of December 17, 2018, the record date for the distribution, NETGEAR stockholders will receive 1.980295 shares of Arlo common stock for every share of NETGEAR common stock held as of the close of business on the record date. Subject to certain customary conditions, the distribution by NETGEAR of the special stock dividend will be made on December 31, 2018 (the “distribution date”) in the form of a pro rata common stock dividend to all NETGEAR stockholders of record on the record date. No fractional shares of Arlo common stock will be distributed. Instead, NETGEAR stockholders will receive cash in lieu of any fraction of a share of Arlo common stock that Show less Read more
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