AT & T rings changes | South China Morning Post
  • Sun
  • Apr 19, 2015
  • Updated: 7:33pm

AT & T rings changes

PUBLISHED : Sunday, 07 April, 1996, 12:00am
UPDATED : Sunday, 07 April, 1996, 12:00am

AT & T Corp took a giant step towards splitting itself into three companies, rolling out the biggest initial stock offering in history for its US$21 billion equipment subsidiary, Lucent Technologies. Lucent sold 112 million shares, or 17.6 per cent of its total stock, to raise $3 billion.


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