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Non-Tech : SpinOffs

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From: 249443	4/18/2006 11:25:46 PM
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Sprint's Embarq registers stock units for spinoff Tue Apr 18, 2006 8:45 AM ET WASHINGTON, April 18 (Reuters) - Sprint Nextel Corp.'s (S.N: Quote, Profile, Research) Embarq unit filed with U.S. regulators on Tuesday to register restricted stock units, which will be issued to current and former Sprint Nextel employees as part of the Embarq spinoff. Embarq Corp., which will own the incumbent local communications operations conducted by Sprint Nextel, previously filed with regulators to sell $4.1 billion in notes as part of the spinoff. The company intends to list its common stock on the New York Stock Exchange under the symbol "EQ" (EQ.N: Quote, Profile, Research).

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