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Actel to Review Option Grants

The company voluntarily informs the SEC.
Author:

Actel

(ACTL)

said it has started a voluntary review of its historical stock-option granting practices and formed a special committee of the board to lead the investigation.

The company, a maker of integrated circuits that can be programmed after they're made, voluntarily informed the staff of the

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Securities and Exchange Commission

about the internal review.

Shares of Actel were down 1.4% to $15 in after-hours trading Monday.