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D&B Spinoff Approved
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Business New Haven
3/6/2000
By: Kristine Hansen
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NEW YORK - Dun & Bradstreet Corp. (NYSE: DNB) announced that its directors had approved the spinoff of the Dun & Bradstreet Operating Co. and Moody's Investor Service into two separate public companies. The company also announced net 1999 income of $256 million ($1.56 per share) and revenues of $1.97 billion. 1998 net income was $280 million ($1.63 per share on a pro forma basis) on revenues of $1.93 billion.
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