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AMERICAN PRESIDENT COMPANIES, LTD. ANNOUNCES STOCK SPLIT AND DIVIDEND INCREASE

 OAKLAND, Calif., Dec. 3 /PRNewswire/ -- American President Companies Ltd. (NYSE: APS) today announced that its board of directors has approved a two-for-one split of its common stock, to be effected in the form of a stock dividend. Holders of record of the company's common stock at the close of business on Dec. 31, 1993, will receive one additional share for each share of common stock held at that time. The additional shares are expected to be distributed to eligible stockholders on or about Jan. 28, 1994. The stock split will increase the number of shares of the company's common stock outstanding from approximately 13.4 million to approximately 26.8 million.
 APC also announced that its board approved an increase in the regular quarterly dividend rate payable on its common stock to $0.20 per share from $0.15 per share, effective for the company's next regular quarterly dividend as and when declared by the board of directors out of funds available for the payment of dividends. Following the stock split the increased quarterly dividend rate will be $0.10 per share.
 Oakland-based American President Companies provides container transportation and related services through an intermodal system combining ocean, rail and truck transportation.
 -0- 12/3/93
 /CONTACT: Randall K. Gausman of American President Companies, 510-272-8284/
 (APS)


CO: American President Companies Ltd. ST: California IN: TRN SU: DIV

LW -- SF005 -- 0312 12/03/93 15:15 EST
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Publication:PR Newswire
Date:Dec 3, 1993
Words:236
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