Irvine’s Microsemi Plans a 2-for-1 Stock Split

Microsemi Corp. said Friday that directors approved a 2-for-1 stock split, and shareholders will be asked to increase the number of authorized shares to 100 million from 20 million. Excess shares after the split would be available for possible further splits, stock offerings, acquisitions and employment agreements, said the Irvine maker of semiconductors. Microsemi has 15 million shares outstanding.