WEST KINGSTON – American Power Conversion Corp. announced that its board of directors today declared a regular quarterly dividend of 10 cents per share of common stock. The dividend is payable Dec. 13, 2006 to shareholders of record as of Nov. 28, APC said.
Founded in 1981,American Power Conversion (Nasdaq: APCC) is a provider of uninterruptible power supplies (UPS) and other “global, end-to-end solutions for real-time infrastructure.” A Fortune 1000, Nasdaq 100 and S&P 500 company, it posted sales of $2.0 billion for 2005.
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On Oct. 30, APC joined France-based Schneider Electric (Paris: SU.PA) in announcing “a definitive merger agreement” under which Schneider is to acquire APC for $6.1 billion; pending approval by APC shareholders, the transaction is expected to close in the first quarter of 2007. Additional information is available at investor.apcc.com.
