USX to Have 2 Classes of Stock:...
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From Times Staff and Wire Reports
USX to Have 2 Classes of Stock: Stockholders approved creation of two classes of stock for USX Corp., one for its steel interests and one for its energy business. The vote ended a five-year effort by USX’s largest shareholder, financier Carl C. Icahn, to boost the Pittsburgh-based company’s stock price by separating its laggard U.S. Steel business from its more profitable energy unit, which includes Marathon Oil Co.
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