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
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
["wijax_44a340e99ca7ea92e67ba2bc62403a81","wijax_cebdc08ff15e8005b29eeb515e9655ef"]
{"source":"https:\/\/gigaom.com\/2008\/08\/11\/419-iac-spinoff-set-for-next-week\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_bdaa54ab5260912d0d2fca54a5d8057a","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
{"source":"https:\/\/gigaom.com\/2008\/08\/11\/419-iac-spinoff-set-for-next-week\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_bdaa54ab5260912d0d2fca54a5d8057a","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
Comments have been disabled for this post