New USX Issues Begin Trading: Two new...
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New USX Issues Begin Trading: Two new issues of USX Corp. stock began trading on the New York Stock Exchange--one for Marathon Oil Co. and one for the parent company’s steel business. The exchange allowed trading of the shares pending an approval of the split by USX shareholders at a meeting next month in Houston. The move allows the public to decide in which of the company’s main businesses to invest. The proposal calls for each share of USX stock to be converted into one share of Marathon stock and one-fifth of a share of steel stock.
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