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Technology Stocks : CMGI What is the latest news on this stock?
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To: Jerry Olson who wrote (6153)3/17/1999 5:04:00 PM
From: Backewenk  Read Replies (1) of 19700
 
CMGI Announces Two-For-One Stock Split

March 17, 1999 04:54 PM
ANDOVER, Mass.--(BUSINESS WIRE)--March 17, 1999--CMGI, Inc. CMGI today announced that the Company's Board of Directors has approved a two-for-one common stock split. The stock split is subject to the approval of CMGI shareholders, who must approve an amendment to the Company's Certificate of Incorporation to increase the Company's authorized Common Stock, permitting consummation of this split. Subject to such approval, shareholders will receive one additional common share for every share held on the record date of May 13, 1999.

As of January 31, 1999, CMGI had approximately 46.7 million common shares outstanding. Upon completion of the split, the number will increase to approximately 93.4 million. Stock certificates will be distributed on or about May 27, 1999.


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