ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, June 18, 1993                   TAG: 9306180127
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: 
DATELINE: GREENWICH, CONN.                                LENGTH: Short

PITTSTON CO. RESETS MEETING

The Pittston Co., parent of Pittston Coal Co. and operator of Southwest Virginia coal mines, has rescheduled its annual shareholders meeting from June 30 to July 26.

Shareholders will be asked to approve the division of the company's common stock into two classes.

Under the plan, shareholders would retain their existing common stock, which would be redesignated Pittston Services Cos. common stock. Pittston Minerals Cos. common stock would be distributed to shareholders on the basis of one-fifth share of minerals stock for each outstanding share of Pittston common stock.

The change is to allow shareholders to track the performance of Pittston's coal and other minerals businesses apart from its Brinks Inc. and Burlington Air Express Inc. operations. Pittston has extensive coal mining operations in Southwest Virginia.

Shareholders of record on June 24, will be eligible to participate in the meeting. Proxy materials will be mailed after that date, the company said. - Associated Press 


 by CNB