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IAC Spinoff Set For Next Week; Five Companies As Of Aug. 21

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IAC (NSDQ: IACI) finally has set the date for its long-awaited split into five separate companies to take place: Aug. 21. Before that, the “when-issued” trading period in the common stock of HSN, Inc., Interval Leisure Group, Inc., Ticketmaster and Tree.com, Inc. and IAC will happen Tuesday, Aug. 12. The trading will occur on a post-distribution basis and, in the case of IAC, a Board approved post-one-for-two reverse stock split, basis, under the symbols “HSNIV,” “IILGV,” “TKTMV,” “TREEV” and “IACIV,” respectively. The “when-issued” trading period comes following the SEC declaring the S-1 registration statements for each of the spincos effective, and will continue up until the spin-offs. Shares of IAC common stock will also trade on a regular way basis during the period under its existing symbol, “IACI.” Release

One Response to “IAC Spinoff Set For Next Week; Five Companies As Of Aug. 21”

  1. digital bear

    Nasty timing for TREEV. Not only do they have a legacy platform & model but they have the worst endemic sector to be doing this. Housing is the cause of the meltdown and they are at the eye of the storm. Classic Diller to dump them and not care about the timing…