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Netscape investors OK two-for-one split

Netscape shareholders have approved a two-for-one stock split and corresponding increase in the company's common stock to 200 million shares.

    Netscape has announced that its stockholders have approved a two-for-one stock split and an increase in the company's common stock to 200 million shares.

    The approval came at a special shareholders meeting held today at the company's headquarters in Mountain View, California. The split was originally approved by the Netscape board of directors on November 13, 1995.

    Company officials say stock certificates representing the additional shares to be issued pursuant to the split will be distributed on or about February 6, 1996, to all stockholders of record at the close of business on January 23, 1996.

    Upon completion of the split, the number of common stock outstanding will be approximately 82 million shares, company officials report.