IPG board OKs stock split

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The board of Interpublic Group of Cos., New York, approved a 2-for-1 stock split just before the company's annual meeting this morning. The subsequent announcement by Chairman-CEO Phil Geier was met with applause from shareholders. Other business included the approval of a dividend payout and the re-election of the 11-member board.

Copyright May 1999, Crain Communications Inc.

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