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Article: Lucent Technologies Spin-Off Completed By AT&t; Largest U.S. Stock Distribution in History Underway
- Article from:
- PR Newswire
- Article date:
- September 30, 1996
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Copyright informationCOPYRIGHT 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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MURRAY HILL, N.J., Sept. 30 /PRNewswire/ -- Lucent Technologies (NYSE: LU) said that today AT&T will complete the spin-off of the new company and begin distributing nearly 525 million shares of Lucent stock to more than 3 million shareowners in what investment community experts are calling the largest U.S. stock distribution ever.
Lucent also said that the red-and-white stock certificates being mailed this week feature something old and something new -- sketches from an 1880 patent application for an invention by Alexander Graham Bell and the company's recently-created corporate symbol.
"Tomorrow we begin our new life as a wholly independent company, one that ...