Article: Atlanta Conglomerate To Become Two Companies To Raise Stock Value.

By Peralte C. Paul, The Atlanta Journal and Constitution Knight Ridder/Tribune Business News

Jun. 29--National Service Industries Inc., in its most radical attempt to date at boosting its value, is splitting itself in two.

"This is not easy. We care a lot about our institution," said James S. Balloun, chairman, president and chief executive officer, following a board meeting Thursday. "But we have to go back to our fundamentals -- increasing value for our shareholders."

The 11-member board voted unanimously in favor of splitting the Atlanta conglomerate's four business units into two separate, publicly traded companies.

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