Printer Friendly

LOUISIANA-PACIFIC WILL CONSIDER STOCK SPLIT

 PORTLAND, Ore., March 1 /PRNewswire/ -- Louisiana-Pacific Corp. (NYSE: LPX) announced today that its board of directors has recommended an increase in the authorized number of shares of the company's common stock from 75 million to 200 million. If the increase is approved by stockholders, the board intends to consider a stock split at its next meeting, scheduled for May 4, 1993.
 Louisiana-Pacific's board declared a three-for-two stock split in the form of a stock dividend in June 1992. Since that time, the stock price has increased 65.8 percent from $43.25 a share to a closing price of $71.75 a share on Feb. 26.
 In light of the current market price, members of the board believe it would be prudent to consider a further stock split. However, the decision on whether to split the stock as well as the timing and amount of any split will depend on circumstances at the time of the May 4 meeting.
 Louisiana-Pacific is a major building products company known for its innovation in developing high-performance, affordable, environmentally sound construction materials.
 -0- 3/1/93
 /CONTACT: Barry Lacter of Louisiana-Pacific, 503-221-0800, or fax, 503-796-0204/
 (LPX)


CO: Louisiana-Pacific ST: Oregon IN: PAP SU: DIV

LM -- SE008 -- 1430 03/01/93 12:50 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 1, 1993
Words:209
Previous Article:CHRISTENSEN NAMED PRESIDENT OF MILES' CONSUMER HEALTHCARE PRODUCTS
Next Article:VERIFONE'S OMNIHOST APPLICATION PLATFORM ENABLES ACQUIRING BANKS IN LATIN AMERICA AND ASIA-PACIFIC TO BUILD TRANSACTION AUTOMATION NETWORKS
Topics:


Related Articles
LOUISIANA-PACIFIC ASSESSED $4-MILLION FINE IN 1981 FTC ACTION
LOUISIANA-PACIFIC BOARD OF DIRECTORS ISSUES QUARTERLY DIVIDEND
LOUISIANA-PACIFIC CELEBRATES 20TH ANNIVERSARY ON HIGH NOTE
LOUISIANA-PACIFIC REPORTS RECORD SALES AND NEAR RECORD EARNINGS
LOUISIANA-PACIFIC COMPLETES BEST QUARTER EVER
LOUISIANA-PACIFIC COMPLETES BEST QUARTER EVER
LOUISIANA-PACIFIC BOARD INCREASES DIVIDEND; DECLARES TWO-FOR ONE STOCK SPLIT
LOUISIANA-PACIFIC BOARD OF DIRECTORS DECLARES QUARTERLY DIVIDEND
LOUISIANA-PACIFIC REPORTS THIRD QUARTER RESULTS; NINE-MONTH EARNINGS ALREADY SURPASS BEST FULL-YEAR RESULTS IN L-P HISTORY
LOUISIANA-PACIFIC'S DIRECTORS DECLARE QUARTERLY DIVIDEND

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters