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CARTER-WALLACE ANNOUNCES A 3-FOR-1 STOCK SPLIT OF ITS COMMON STOCK AND CLASS B COMMON STOCK

 CARTER-WALLACE ANNOUNCES A 3-FOR-1 STOCK SPLIT OF ITS COMMON STOCK
 AND CLASS B COMMON STOCK
 NEW YORK, Feb. 14 /PRNewswire/ -- Carter-Wallace, Inc. (NYSE: CAR) announced that at a meeting held today, its board of directors unanimously voted to authorize a three-for-one stock split.
 As a result, each outstanding and treasury share of the company's common stock and Class B common stock held of record at the close of business on April 27, 1992, will be converted into three shares of the company's common stock and Class B common stock, respectively. Majority shareholder consent is required of each class of Carter-Wallace's outstanding stock to authorize the proposed split. The proxy materials will be mailed on March 17, 1992, to all shareholders of record at the close of business on Feb. 24, 1992.
 As of Jan. 1, 1992, Carter-Wallace had 15,264,802 common stock and Class B common stock outstanding.
 Carter-Wallace, Inc. markets toiletries, proprietary drugs, pharmaceuticals, diagnostic specialties and pet products.
 -0- 2/14/92
 /CONTACT: Ralph Levine of Carter-Wallace, 212-339-5000/
 (CAR) CO: Carter-Wallace, Inc. ST: New York IN: MTC SU:


CK-KW -- NY051 -- 0262 02/14/92 14:12 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 14, 1992
Words:190
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