Finisar (FNSR) Approves 1-for-8 Reverse Stock Split
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Finisar Corporation (NASDAQ: FNSR) today announced that its Board of Directors has approved a 1-for-8 reverse split of its common stock, pursuant to previously obtained stockholder authorization. The reverse stock split will be effective at 4:30 pm, Eastern Time, on Friday, September 25, 2009. Finisar's common stock will begin trading on NASDAQ on a split adjusted basis when the market opens on September 28, 2009, under the temporary trading symbol "FNSRD." The trading symbol will revert to "FNSR" after approximately twenty trading days.
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