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UPDATE 1-Southern Copper declares 3-for-1 stock split

Thu Jun 19, 2008 5:58pm EDT

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LIMA,_June 19 (Reuters) - Southern Copper (PCU.N)(SPC.LM), one of the world's largest copper producers, declared a three- for-one split of its common stock on Thursday, the company said.

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The split will boost the number of shares outstanding to 884,596,086 from about 294,865,362, the company said.

New shares will be distributed on July 10 to shareholders of record on June 30.

Southern's shares were nearly 2 percent higher at $105.27 in New York on Thursday. (Reporting by Maria Luisa Palomino; Writing by Terry Wade; editing by Carol Bishopric and Andre Grenon)

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