Investments: Du Pont Divests

The Chicago federal court that ordered the Du Pont Co. to surrender control of its 63 million shares of General Motors stock (TIME, March 9) also suggested a way. Last week Du Pont President Crawford Greenewalt announced that the company would follow Judge Walter La Buy's proposal to distribute the G.M. shares among Du Pont stockholders. In July, Du Pont will distribute the first 23 million on the basis of half a G.M. share for each Du Pont share. There will be two or three more such distributions before the February 1965 deadline set by the judge. Each holder of...

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