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- Houston Chronicle, July 9, 1996
The board of directors for Eagle USA Airfreight, a Houston-based airfreight company, approved a two-for-one split of the company's oustanding shares of common stock. The split comes just eight months after its initial public offering, which raised $30 million. The stock was originally offered for 16 1/2, and it closed Tuesday at 41, down 3/4 from its all-time high, reached earlier that day. The stock split will take the form of a stock dividend and will entitle each shareholder of record on July 24 to receive two shares for every one share of Eagle USA's common stock held on the record date. The stock split will be effective as of August 1, 1996.
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Sherry Amberg
Intercontinental Airport
Voice: (281) 821-4456
© 1997 Eagle USA |