SPIN-OFFS "secret hiding places of stock market profits" Message Board

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Non-Tech : SPIN-OFFS "secret hiding places of stock market profits"

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To: Stewart Whitman who wrote (123)	3/2/1998 11:04:00 PM
From: Immi	Read Replies (2) of 1185

KANSAS CITY SOUTHERN INDUSTRIES filed a request for an IRS ruling that a spinoff of its Financial Asset Management business will be tax free to both the company and its shareholders. The Financial Asset Management business consists of KCSI's ownership in Janus Capital Corp, Berger Associates Inc, and DST Systems. The planned spin-off, which was first announced in early February, is expected to be completed in the third quarter of this year. In early February, Kansas City Southern had said the spinoff was expected to provide higher shareholder value than a public offering. (Reuters 10:14 AM ET 03/02/98)

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