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Technology Stocks : Walt Disney -- Ignore unavailable to you. Want to Upgrade?

To: Pat Garaffa who wrote (614)	6/9/1998 4:30:00 PM
From: Dorine Essey	Read Replies (1) \| Respond to of 2222

Pat, Here we go!!!!!! BURBANK, Calif.--(BUSINESS WIRE)--June 9, 1998--The Walt Disney Co. Tuesday announced that holders of more than 70 percent of the company's common stock have approved an amendment clearing the way for the 3-for-1 split of its common stock announced on April 21. The company has set June 19 as the record date of the split. All holders of the company's common stock at the close of business on that day will be entitled to receive two newly issued shares for each share held. The new shares will be distributed as a special dividend on or about July 9, 1998. The amendment to the company's certificate of incorporation allows the company to increase the company's authorized common stock from 1.2 billion to 3.6 billion shares. Approval of the amendment was necessary to provide enough shares to permit consummation of the split. Upon completion of the split the company will have outstanding approximately 2 billion shares. Dorine