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TELLABS DECLARES THREE-FOR-TWO STOCK SPLIT

 LISLE, Ill., Oct. 21 /PRNewswire/ -- Telecommunications equipment manufacturer Tellabs, Inc. (NASDAQ: TLAB), announced today that its board of directors declared a 3-for-2 stock split effected in the form of a 50 percent stock dividend that will be paid on Nov. 19, 1993, to shareholders of record as of Nov. 5, 1993. The stock split is designed to improve trading liquidity and broaden ownership or the company's common shares.
 After the stock split there will be approximately 21.5 million common shares outstanding. Fractional shares resulting from the split will be paid in cash based on the closing price of Nov. 5, 1993.
 At the same time, the board terminated the shareholder rights plan originally adopted in October 1989 to facilitate the stock split by making available additional shares previously reserved for issuance under the plan.
 Tellabs designs, manufactures, markets and services voice and data communication equipment. The company's products are used internationally by telephone companies, interexchange carriers, governments and businesses. Tellabs stock is traded in the United States over-the-counter (NASDAQ) under the symbol TLAB.
 -0- 10/21/93
 /CONTACT: Carol Gavin of Tellabs, 708-512-7193/
 (TLAB)


CO: Tellabs, Inc. ST: Illinois IN: TLS SU: DIV

LD -- NY126 -- 2145 10/21/93 17:48 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
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