Comcast To Eliminate Class of Publicly Traded Stock
Comcast's board approved reclassifying each share of Class A special common stock into a share of Class A common stock, the company said Monday. The reclassification needs shareholder approval. The move will help eliminate investor confusion that comes with having…
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two classes of publicly traded stock and improve the stock's trading liquidity, said the operator. Shareholders of record as of Oct. 20 will be entitled to vote on the matter.