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abengoma

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abengoma

Re: grantg2 post# 17122

Wednesday, 04/11/2007 9:45:03 PM

Wednesday, April 11, 2007 9:45:03 PM

Post# of 37012
The process of spinoff is as following:
1- The company decides to spin off a business division.
2- The parent company files the necessary paperwork with the Securities and Exchange Commission (SEC).
3- The spinoff becomes a company of its own and must also file paperwork with the SEC.
4- Shares in the new company are distributed to parent company shareholders.
5- The spinoff company goes public.
Now, the period between step 4 and step 5 the ARTL's(the acronym) shares will be restricted.JMO, hope am right.
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