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Article: ORACLE CORPORATION ANNOUNCES THREE-FOR-TWO STOCK SPLIT
- Article from:
- PR Newswire
- Article date:
- March 14, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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REDWOOD CITY, Calif., March 14 /PRNewswire/ -- Oracle Corporation (Nasdaq: ORCL) today announced a three-for-two stock split of the Company's outstanding shares of common stock. The stock split will be effected in the form of a stock dividend and will entitle each stockholder of record on April 2, 1996 to receive three shares for every two shares of Oracle common stock held on the record date. The company will pay cash in lieu of fractional shares. The stock split will be effective as of April 16, 1996. The company currently has approximately 447 million shares of common stock outstanding.
Oracle Corporation, with headquarters in Redwood City, Calif., is the ...