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PROMUS ANNOUNCES STOCK SPLIT

 MEMPHIS, Tenn., Feb. 26 /PRNewswire/ -- The Board of Directors of The Promus Companies Incorporated (NYSE:PRI) today authorized a two-for- one split of the Company's common stock effected in the form of a stock dividend.
 "This action demonstrates our confidence in the continued growth of our company, in addition to making our shares more accessible to potential non-institutional investors," said Michael D. Rose, chairman and chief executive officer of Promus.
 The stock split will be effected by a distribution on March 29, 1993, of one additional share for each share owned by stockholders of record on March 8, 1993. The Company currently has approximately 34,000,000 shares outstanding.
 Promus is the parent company of four leading brand names in the casino entertainment and hotel industries: Harrah's Casino Hotels, Embassy Suites hotels, Hampton Inn hotels and Homewood Suites hotels.
 -0- 2/26/93
 /CONTACT: Ralph Berry of The Promus Companies Incorporated, 901-762-8629/
 (PRI)


CO: The Promus Companies Incorporated ST: Tennessee IN: LEI SU:

MM -- CH008 -- 0849 02/26/93 12:19 EST
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Publication:PR Newswire
Date:Feb 26, 1993
Words:172
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