this new company will be deposited in a trust managed by five independent trustees. In this manner, General Electric and Utah will retain all of the earnings of the new uranium company, while control over its operations will be vested in the trustees. The GE-Utah merger is not being changed in any other respect. As previously announced, the proposed merger is to he accomplished through a tax-free exchange of 1.3 shares of General Electric Common Stock for each share of Utah Common Stock. General Electric has approximately 184.7 million shares outstanding and Utah approximately 31.5 million, Mr. Jones had these comments on the prospective merger. "We continue to believe that the natural resource industry will play an increasingly significant role in international economic growth. The proposed merger provides General Electric with an important opportunity to participate in this industry on an international scale, and to apply its, scientific and technological skills to the increasing demands on the limited supplies of natural resources. The proposed merger will provide a probable hedge against inflation in future years and combined earnings per share will be increased on the basis of first nine-month results of fiscal 1976. (more)