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DETROIT EDISON TO OPT OUT OF SHAREHOLDER EQUITY ACT

 DETROIT EDISON TO OPT OUT OF SHAREHOLDER EQUITY ACT
 DETROIT, Nov. 25 /PRNewswire/ -- The Detroit Edison Company


(NYSE: DTE) board of directors today amended its bylaws to opt out of the Stacey, Bennett and Randall shareholder equity act, which regulates control share acquisitions.
 The act, a Michigan state law, regulates shareholder rights when a shareholder's stock ownership reaches at least 20 percent of a Michigan corporation's outstanding shares.
 The board's action, taken at its regularly scheduled monthly meeting, does not reflect any unusual activity in the trading of Detroit Edison stock, but strengthens the board's ability to analyze potential changes in control of the company.
 Shareholder approval is not needed for the amendment.
 As a result of the amendment, a shareholder seeking control of the company cannot require the company's board of directors to call a meeting to vote on issues related to corporate control within 10 days, as stipulated by the act.
 -0- 11/25/91
 /CONTACT: Scott L. Simons, 313-237-8808, or Lorie N. Kessler, 313-237-8807, both of Detroit Edison/
 (DTE) CO: The Detroit Edison Company ST: Michigan IN: UTI SU:


JG -- DE020 -- 6855 11/25/91 12:37 EST
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Publication:PR Newswire
Date:Nov 25, 1991
Words:191
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