Compaq shareholders approved an
increase in its common stock, allowing the computer maker to carry out a
two-for-one stock split previously approved by the company's board.
Shareholders of record as of December 31 will receive one share of common
stock for every share they own on that date. The shares will be distributed
to stockholders on January
20, 1998. Compaq's outstanding shares will reflect the split, and will
trade on a
post-split basis on January 21, 1998.
Short Take: Shareholders approve Compaq stock split
Compaq shareholders approved an increase in its common stock, allowing the computer maker to carry out a two-for-one stock split previously approved by the company's board. Shareholders of record as of December 31 will receive one share of common stock for every share they own on that date. The shares will be distributed to stockholders on January 20, 1998. Compaq's outstanding shares will reflect the split, and will trade on a post-split basis on January 21, 1998.