The overall deal remains subject to stockholder approval.

Announced last week were stockholder approval of a 5-for-1 split - effective on June 29 -and earnings for the opening quarter of 1987.

Key and Brock expect to complete the deal, which requires stockholder approval, in the spring of 1996.

The following month, it asked for stockholder approval of a 2-for-1 forward stock split, which was later approved, putting Heritage Media in a very marketable position.

If stockholder approval is obtained, the stock split is scheduled to occur at the close of business May 6.

Fairchild said it might seek stockholder approval for the sale after reviewing stock exchange rules.

The deal will require stockholder approval.

That amount would make it "very hard" to get stockholder approval, he added.

It now awaits stockholder approval, the discounted purchase of certain debt securities held by its banking units and other conditions, the company said.

The plan, which would result in the elimination of more than 1,000 jobs, requires stockholder approval.