RealTime IT News

Harbinger Plans Three-For-Two Stock Split

Electronic commerce company Harbinger Corp. said its board of directors has declared a three-for-two stock split of its outstanding common shares.

The stock split will be payable on May 15 to shareholders of record as of May 1, 1998.

Shareholders will receive one additional share of Harbinger common stock for every two shares held on the record date. The total number of shares outstanding after the split will be approximately 41.7 million.

Harbinger stock closed Friday at $37 on the Nasdaq exchange.

The Atlanta-based company provides electronic commerce and EDI solutions servicing over 44,000 software and network customers.