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Comcast Shareholders OK Stock Reclassification

Comcast Corp. said that a special meeting of shareholders in Philadelphia approved a company proposal to reclassify its special common stock as regular common stock.

The move was designed to simplify the company’s capital structure and to eliminate some confusion among investors.

Effective 5 p.m. shares of Comcast Class A Special Common Stock, which traded under the symbol CMCSK, will be converted into shares of Comcast Class A common stock, trading as CMCSA. Both shares traded on Nasdaq will continue trading there.