THE VIRGINIAN-PILOT
Copyright (c) 1997, Landmark Communications, Inc.
DATE: Saturday, January 25, 1997 TAG: 9701250560
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: 19 lines
Circuit City Stores Inc. said Friday its shareholders have approved a plan to create two series of common stock that will separately track the performance of its Circuit City consumer electronics and appliance business and its CarMax auto retailing business. The Richmond-based electronics retailer will designate 125 million shares as Circuit City Stores Inc.-Circuit City Group common stock and 125 million shares as Circuit City Stores Inc.-CarMax Group common stock, with each of its current outstanding shares to be redesignated as one share of Circuit City Group stock. (Dow Jones News Service)