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Technology Stocks : Comdisco Ventures (CDOV)

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To: Glenn Petersen who wrote ()4/15/2000 3:28:00 PM
From: Glenn Petersen  Read Replies (2) of 8
 
CDO will eventually distribute its Comdisco Ventures shares to the CDO stock holders. From the S-1:

sec.gov

The Distribution

The Comdisco Ventures Stock we will issue in this initial public offering will reflect only a percentage interest in the economic performance of Comdisco Ventures. Comdisco Group will continue to hold an interest in Comdisco Ventures that reflects the balance of the economic performance of Comdisco Ventures in the form of a retained interest. We currently intend to follow this initial public offering with a distribution of newly issued shares of Comdisco Ventures Stock to holders of Comdisco Stock. These newly issued shares would represent Comdisco Group's retained interest in Comdisco Ventures. We expect to make this distribution of newly issued shares by means of either a split-off, where the holders of Comdisco Stock may exchange shares of Comdisco Stock for new shares of Comdisco Ventures Stock, or a spin-off, where we would distribute newly issued Comdisco Ventures Stock to all holders of Comdisco Stock as a dividend. The exact method and timing of this distribution has not yet been determined. Following such distribution, we expect that the outstanding shares of Comdisco Ventures Stock would reflect 100% of the economic performance of Comdisco Ventures. There is no guarantee, however, that a distribution of Comdisco Group's retained interest will ever occur or occur in the manner described above.
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