Comcast Announces Proposal To Reclassify Each Share Of Class A Special Stock

(RTTNews) - Comcast Corp. (CMCSA, CMCSK) announced that its board has approved a proposal to amend and restate the Company's Amended and Restated Articles of Incorporation in order to reclassify each share of Comcast Class A Special Common Stock (CMCSK) into one share of Comcast Class A Common Stock (CMCSA), subject to shareholder approval.

Comcast's Board of Directors determined that the Reclassification is fair to and in the best interests of Comcast and its shareholders. It believes that the Reclassification will benefit Comcast's shareholders by, among other things, eliminating investor confusion caused by having two classes of publicly traded stock and improving the trading liquidity of Comcast's publicly traded stock.