BARRA Announces 3-for-2 Stock Split
September 2, 1997 05:02 PM
BERKELEY, Calif., Sept. 2 /PRNewswire/ -- BARRA Inc. BARZ today announced that its board of directors has approved a 3-for-2 stock split payable October 13, 1997 to shareholders of record as of September 22, 1997. BARRA will pay cash in lieu of fractional shares.
"We believe that the increase in the number of shares will have a positive impact on liquidity and will broaden shareholder participation," said Andrew Rudd, chairman and chief executive officer of BARRA.
BARRA, founded in 1975, provides innovative analytical models, software, consulting and money management services that enable its clients worldwide to make superior investment and trading decisions. Based in Berkeley, Calif., BARRA also has offices in major financial centers throughout the world. Information on BARRA is also available on-line at barra.com.
Each statement in this news release containing the word "will" is a forward-looking statement that may involve a number of risk factors and uncertainties that could cause actual results to differ materially. Further information on potential factors that could affect the company are included in the company's Form 10-K for the 1997 fiscal year filed with the Securities and Exchange Commission (SEC). Refer to the company's SEC filings, copies of which are available from the company without charge for further information. SOURCE BARRA Inc. |
