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OGDEN SPLITS ITS BUSINESS DIVISION INTO TWO PUBLIC COMPANIES

          Ogden Corp. "intends to break its three business lines
     into two publicly traded companies in an effort to prop up
     its lagging share price," according to Allanna Sullivan of
     the WALL STREET JOURNAL.  The company "said it will put its
     entertainment and aviation businesses into one company and
     its energy operations into another company in a deal that
     Ogden executives hope will be done on a tax-free basis." 
     Ogden will first sell "as much" as 20% of the "newly created
     entertainment and aviation company" in an IPO this fall and
     then "spin off the remainder to shareholders by year end." 
     Ogden Chair R. Richard Ablon will run the entertainment and
     aviation division (WALL STREET JOURNAL, 3/12).

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