ROANOKE TIMES
Copyright (c) 1997, Roanoke Times
DATE: Thursday, January 2, 1997 TAG: 9701020071
SECTION: BUSINESS PAGE: A-7 EDITION: METRO
DATELINE: NEW YORK
AT&T Corp., hoping to be more nimble by streamlining itself, completed its three-way split with the spin-off of computer maker NCR Corp.
AT&T said Wednesday that it completed its restructuring with the distribution of 101 million shares of NCR common stock to AT&T shareholders.
As previously announced, those holding shares of the world's biggest long-distance company on Dec.13 received one share of NCR for each 16 shares of AT&T they hold.
NCR was acquired by AT&T in 1991. Then, in an effort to improve its agility in an increasingly competitive telecommunications market, AT&T announced in September 1995 it would divide itself.
- Associated Press
LENGTH: Short : 25 linesby CNB