Final Palm Distribution Ratio Set
3Com Corp. announced today the final distribution ratio for spinning off company Palm is 1.484 shares of Palm for each share of 3Com. The Palm shares will be distributed to 3Com shareholders of record as of 5 p.m. EDT (2100 GMT) on July 27. The company said in a statement that the distribution of Palm completes the commitment it made last September to create two independent companies in the field of handheld computing and networking. Shares of Palm and 3Com are both up on the news.
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