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Article: NCR aims ESOP, dividend at AT&T
- Article from:
- Chicago Sun-Times
- Article date:
- February 22, 1991
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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NCR Corp., counterattacking the hostile $6.12 billion bid by AT&T
Co., Thursday declared a special stock dividend and said it was
placing a large block of its shares in employees' hands. NCR added a
special $1 one-time dividend and boosted its regularly quarterly
payout to 37 cents a share, up from 35 cents previously. The company
also said it was putting $500 million worth of preferred shares into
an Employee Stock Ownership Plan that are convertible into an 8
percent stake.
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