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Replies to post #55987 on Expo Holdings Inc. (EXPH)
owgur
12/22/09 12:34 PM
#55989 RE: clothingrep #55987
fourkids_9pets
12/22/09 12:57 PM
#55996 RE: clothingrep #55987
It is the company's intention to spin off its etc. division into a privately held entity with the same shareholder base as the parent company Expo Holdings, Inc. It is expected that shares will be distributed on a 1 share in the private entity for each 10 shares held in Expo Holdings, Inc. at the record date. The shares are expected to be issued in the form of a dividend. Certain key assets, including but not limited to certain intellectual property, operating capital, and material handling equipment would be transferred to the new entity. The exact date of the spin off has yet to be finalized; however it is tentatively scheduled to occur on or about the first of January 2010. This allows shareholders ample time to review their investment in Expo Holdings, Inc.