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TCI, HOPING FOR A STOCK BOOST, SPLITS INTO FOUR COMPANIES
Published November 18, 1994
Cable-giant TCI said it will proceed with a "sweeping plan to split the company into four separate businesses, each with its own class of stock." Wall Street "reacted favorably" to the news with TCI's class A stock rising $.75 to $24.125 a share. TCI is creating a holding company to house four separate divisions: domestic cable operations, domestic programming, technology ventures, and international cable and programming. By splitting the company, TCI is betting that Wall Street "will assign a greater value to the parts than the whole." TCI execs promised to give a "clearer picture" at an investor meeting December 6 (Robichaux & Shapiro, WALL STREET JOURNAL, 11/18).