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Lucent Spins Off in Flurry of Stocks

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Charles T. Troy

MURRAY HILL, N.J. -- Like a modern-day Johnny Appleseed, AT&T scattered 525 million shares of Lucent Technologies stock on the investment community to mark the completion of Lucent's spin-off from AT&T. In what was described as the largest US stock distribution ever, more than 3 million shareowners received copies of the new certificates that featured sketches of an 1880 Alexander Graham Bell patent and the new company's logo. The share distribution was the last step in finalizing the split. The certificates were given to holders of AT&T stock at the rate of 0.324084 shares of...Read full article

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    Published: November 1996
    AT&TBusinessCommunicationsGreg Doughertylight speedLucent TechnologiesSensors & Detectors

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