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DoubleClick's stock splits

Published on .

DoubleClick's Board of directors approved a 2-for-1 stock split in the form of a stock dividend. The Internet ad network and management company also announced March 11 that it planned, pending market and other conditions, to raise about $150 million through the sale of convertible subordinated debentures. The money raised would be used to support DoubleClick's international operations, sales and marketing capabilities, as well as for product development.

Copyright March 1999, Crain Communications Inc.

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