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tagthatstock

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tagthatstock

Re: None

Friday, 02/27/2004 10:03:14 AM

Friday, February 27, 2004 10:03:14 AM

Post# of 24977
gra- W.R. Grace says its shrs in its 401(k) to be sold
Friday February 27, 9:49 am ET


NEW YORK, Feb 27 (Reuters) - Bankrupt chemical producer W.R. Grace and Co. (NYSE:GRA - News) on Friday said the investment manager of its 401(k) plan's stock fund will sell all the company's shares, citing the guidelines of the Employee Retirement Income Security Act of 1974.
The Columbia, Maryland company said the plan -- of which State Street Bank and Trust Co. is the investment manager and independent fiduciary -- held about 7.87 million shares of Grace as of Feb. 25.



Benjamin Graham: "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right"

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