LEGGETT & PLATT MANAGEMENT RECOMMENDS STOCK SPLIT
LEGGETT & PLATT MANAGEMENT RECOMMENDS STOCK SPLIT CARTHAGE, Mo., May 13 /PRNewswire/ -- Leggett & Platt Inc.
(NYSE: LEG) today announced management is recommending that the board of directors authorize a 2-for-1 stock split. The recommendation anticipates a distribution date in mid-June, when one additional share of Leggett's $1 par value common stock would be distributed for each share outstanding on a record date in late May. The board is expected to act on the recommendation at a regularly scheduled meeting following this morning's annual meeting of shareholders. A press release detailing the board's action on the recommendation will be issued this afternoon.
Headquartered in Carthage, Leggett & Platt is a Fortune 500 company that specializes in manufacturing and marketing a broad line of components used by companies making furniture and bedding for homes, offices and institutions. Other home furnishings products include select lines of finished furniture and carpet cushioning materials. A variety of diversified products are also produced and sold in several different markets other than the home furnishings industry. The company's common stock is listed on The New York and Pacific Stock Exchanges under the symbol "LEG". -0- 5/13/92 /CONTACT: J. Richard Calhoon of Leggett & Platt, 417-358-8131/ (LEG) CO: Leggett & Platt Inc. ST: Missouri IN: SU:
KD -- DV004 -- 9508 05/13/92 09:04 EDT
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|Date:||May 13, 1992|
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