Short Take: Oracle announces stock split

Database software giant Oracle announced a two-for-three stock split for its outstanding shares. Under terms of the split, which will take effect August 1, Oracle will pay cash in lieu of fractional shares. A dividend will be paid on August 15.

July 15, 1997 4:45 p.m. PT

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Database software giant announced a two-for-three stock split for its outstanding shares. Under terms of the split, which will take effect August 1, Oracle will pay cash in lieu of fractional shares. A dividend will be paid on August 15.