Comment on Comcast board OKs proposal to reclassify its shares

Comcast board OKs proposal to reclassify its shares

The proposal would reclassify all of the cable television operator's Class A special common stock into Class A common stock, subject to shareholder approval. Comcast Corp. said Monday that its board determined the reclassification was in the best interests of the company and its shareholders and would eliminate confusion caused by having two classes of publicly traded stock.

 

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