Creative Computers(MALL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Creative Computers(MALL)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rajiv who wrote (1453)	6/8/1999 8:19:00 AM
From: Rajiv	Read Replies (1) of 1634

Creative Computers, Inc. Completes Distribution of uBid Ownership TORRANCE, Calif.--(BUSINESS WIRE)--June 8, 1999--Creative Computers, Inc. (NASDAQ:MALL - news) today announced that it has completed the distribution to its stockholders of all of its 7,329,883 shares of uBid, Inc. (NASDAQ:UBID - news). Creative received the opinion of PricewaterhouseCoopers LLP to the effect that the distribution will not result in recognition of any gain or loss for federal income tax purposes to Creative or its stockholders, except to the extent of cash received in lieu of fractional shares. Shareholders of Creative Computers on the May 24, 1999, record date received approximately .70488 shares of uBid for each share of Creative Computers.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next