Computer Associates Announces Three-For-Two Stock Split.ISLANDIA, N.Y.--(BUSINESS WIRE)--October 21, 1997--Computer Associates International, Inc. (NYSE NYSE See: New York Stock Exchange Symbol: CA) today announced that its Board of Directors declared a three-for-two stock split, in the form of a stock dividend, of its outstanding common stock. The record date will be November 5, 1997 and the payment date will be November 26, 1997. There are currently approximately 365,000,000 shares of CA common stock outstanding, and this number will increase to approximately 547,500,000 shares by reason of the stock split. The company will pay cash in lieu Cash In Lieu (CIL) In a typical exchange offer, "old" shares of the target company are exchanged for "new shares". of fractional shares. Computer Associates International, Inc. (NYSE: CA), with headquarters in Islandia, N.Y., is the world leader in mission-critical business software. The company develops, licenses and supports more than 500 integrated products that include enterprise computing Refers to information technology in the larger company. See enterprise data and enterprise networking. and information management, application development, manufacturing and financial applications. CA has over 10,000 people in 160 offices in 40 countries and had revenue of $4 billion in fiscal year 1997. CA can be reached by visiting http://www.cai.com on the World Wide Web, emailing info@cai.com or calling 1-516-342-5224. CONTACT: Computer Associates International, Inc. Doug Robinson
Doug Robinson is a guide and instructor in the Sierra Mountains. - Investor Relations Investor relations The process by which the corporation communicates with its investors. (516) 342-2745 dougr@cai.com |
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