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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: JDN who wrote (4699)3/3/2000 4:48:00 PM
From: John Biddle  Read Replies (1) of 15615
 
Generally spinoffs are shares "given" to the existing shareholders of the entity.

Yes you are right. I knew that, for some reason I wrote it wrong. In both my examples, Lucent and Leap Wireless the shares were indeed given to existing shareholders.

A question for you. In a spin-off does the original company have to give all shares to existing shareholders in a ratio of ownership, or could they keep a large portion, say half, and divide the rest up pro-rata among the existing holders?
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