Short Take: Lucent announces two-for-one stock split

The board of directors at Lucent Technologies has approved a two-for-one stock split of the company's common shares. Lucent's stock, the second most widely held stock in the United States, is splitting for the first time since its record-setting IPO, which raised $3 billion in April 1996. As of January 30, 1998, Lucent had approximately 650 million common shares outstanding. Upon completion of the split, that number will increase to approximately 1.3 billion common shares.

Feb. 18, 1998 10:50 a.m. PT

The board of directors at has approved a two-for-one stock split of the company's common shares. Lucent's stock, the second most widely held stock in the United States, is splitting for the first time since its record-setting IPO, which raised $3 billion in April 1996. As of January 30, 1998, Lucent had approximately 650 million common shares outstanding. Upon completion of the split, that number will increase to approximately 1.3 billion common shares.