HARCOURT <HBJ> SELLS SHARES TO ESOP
Harcourt Brace Jovanovich Inc
said it sold 4,805,432 shares of its common at 10.25 dlrs a
share to an employee stock ownership plan as part of its
previously announced recapitalization plan.
    Harcourt said the shares sold are not entitled to a special
dividend previously declared under the plan. It said the shares
will be entitled to vote at a special meeting of shareholders
scheduled for July 23.
 Reuter
