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BRIEFLY

A Bass-led group reduced its holdings in Disney.

January 12, 1987

The group, led by Sid R. Bass of Fort Worth, Tex., lowered its stake to 16.8%, with Sid Bass continuing to own 4%. Sales by his younger brother Robert and the Robert M. Bass Group accounted for most of the transactions. Documents filed at the SEC indicated that Robert Bass has sold and gave away to charitable institutions, all of his Disney shares, except 75,144 shares in two custodial accounts. The filing noted that Robert Bass and his group have recouped their entire Disney investment.

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