Jill, John is the "Man"..
see bottom of this article :)
t36: NEW YORK, March 17 (Reuters) - AT&T Corp. (NYSE:T), the most
widely owned stock in the United States, on Wednesday declared
the 3-for-2 stock split that two months ago it had promised to
deliver upon completing its $55 billion purchase of cable
television giant Tele-Communications Inc.
AT&T closed the TCI deal March 9. On April 15, the No. 1
U.S. long distance phone company will issue shareholders of
record as of March 31 an additional share for every two sharesthey own.
News of the stock split, its first since 1994, helped push
AT&T shares up $2.25, or about 3 percent, to $84.6875 on the
New York Stock Exchange, where it was the fourth most active
issue Wednesday afternoon.
AT&T also set a first quarter dividend of 33 cents,
unchanged from its previous payout. The dividend, payable on
pre-split shares, will be paid on May 1 to shareholders ofrecord on March 31.
Ma Bell also named former TCI chief John Malone to the
board of directors, bringing the AT&T board membership to 13.
Malone now heads AT&T's Liberty Media Group, the formerprogramming arm of TCI.
The company said in a statement that former shareholders of
TCI Group Series A and TCI Group Series B common stock who are
still holders of record on March 31, will also get the dividend
and shares in the split.
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