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GIANT GROUP ANNOUNCES THREE-FOR-TWO STOCK SPLIT

 GIANT GROUP ANNOUNCES THREE-FOR-TWO STOCK SPLIT
 BEVERLY HILLS, Calif., Sept. 17 /PRNewswire/ -- Giant Group Ltd.


(NYSE: GPO) announced today that it has declared a three-for-two stock split in the form of a 50-percent stock dividend subject to shareholders' approval of an increase in the authorized shares of common stock.
 A special meeting of shareholders has been scheduled for Nov. 9, 1992. The stock split will be effective immediately after approval at the special meeting.
 Giant Group Ltd. owns 40 percent of Rally's Inc. (NASDAQ: RLLY). Rally's is the nation's largest double drive-thru hamburger chain and operates or franchises 415 restaurants in 25 states. Giant also owns Keystone Cement Co. and Giant Cement Co., who manufacture and sell cement products in southeastern, northeastern and middle atlantic regions of the United States. Giant is a pioneer in the Resource Recovery burning of waste materials.
 -0- 9/17/92
 /CONTACT: Burt Sugarman, chairman and CEO of Giant Group Ltd., 310-273-5678/
 (GPO RLLY) CO: Giant Group Ltd. ST: California IN: SU:


EH -- LA016 -- 0488 09/17/92 09:38 EDT
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Publication:PR Newswire
Date:Sep 17, 1992
Words:176
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