Intuitive Surgical board approves 3-for-1 stock split

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Intuitive Surgical (NSDQ:ISRG) said today that its board of directors approved a 3-for-1 split of the company’s common stock

The stock split is still subject to shareholder approval, the Sunnyvale, Calif.-based company said, with a special meeting of stockholders slated for September 22.

With the split, each Intuitive shareholder would receive 2 additional shares for every share held by Sept. 29, with trading beginning on a split-adjusted basis on October 6.

Intuitive Surgical said it will provide additional details about the meeting and the proposed split in a proxy statement scheduled to go out to shareholders on August 30.

At closing today, Intuitive shares were up 1.4% at $942.25.

Earlier this week, Intuitive Surgical said it inked a licensing deal for the miniaturized robotic sealing and stapling technology developed by JustRight Surgical that includes an unspecified equity investment and joint product development program.

See the best minds in medtech live at DeviceTalks Boston on Oct. 2.

The post Intuitive Surgical board approves 3-for-1 stock split appeared first on MassDevice.

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