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July 2, 1997updated 05 Sep 2016 1:07pm

COMPAQ SPLITS FIVE-FOR-TWO

By CBR Staff Writer

Following the announcement of its $3bn acquisition of Tandem Computers Inc, Compaq Computer Corp is splitting its stock five- for-two, effective on July 14th. Chairman Ben Rosen said it reflected confidence in Compaq’s long-term growth. Compaq has 276 million shares outstanding; it’ll have 690m post split and the number will be adjusted take account of the Tandem buy. Compaq shares closed the day Tuesday up $2.37 at $101.87.

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