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Technology Stocks : Enron

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To: KevRupert who started this subject8/30/2000 8:03:17 PM
From: KevRupert   of 9
 
Catalytica Combustion Spinoff:

CBS MarketWatch Columns
Updated:

8/30/2000 4:52:12 PM ET

MOUNTAIN VIEW, Calif. (CBS.MW) -- Catalytica Inc. is spinning off its Catalytica Combustion Systems unit to shareholders in a deal worth about $66 million, according to a filing with the Securities and Exchange Commission.

Catalytica Combustion develops proprietary technologies that use catalysts to eliminate the formation of harmful pollutants and improve the performance of hydrocarbon combustion systems.

Catalytica Inc. (CTAL: news, msgs) said shareholders would get one-quarter to one-third of a share of the new company for each Catalytica share held.

Energy Services giant Enron Corp. (ENE: news, msgs) owns 15 percent of Catalytica Combustion...
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