Bass Family, in Need of Money, Forced to Sell 6.4% of Disney
Sid Richardson Bass and Lee Marshall Bass, brothers, and their father, Perry Richardson Bass, have sold 135 million shares of Walt Disney stock to shore up their portfolios; sale, representing 6.4 percent of company, generated $2 billion; shares changed hands at $15 a share, almost 20 percent below closing price on Sept 19, day before trade was announced; Disney stock rebounded to close at $16.98, down 8 percent; Bass's spokesman says shares were sold to meet liquidity needs and in no way reflects concerns about Disney or its management; photo (M)
