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Non-Tech : SPIN-OFFS "secret hiding places of stock market profits"
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To: Stewart Whitman who wrote (1000)8/4/2006 8:53:03 PM
From: MJ  Read Replies (1) of 1185
 
One article indicated that the spinoff would be

$25.00 for each share of ACV owned

1 share of the new ACV for each share of ACV owned---will be 1 single class of stock.

1 share of the Sally Beauty spinoff for each ACV share owned --managed by the fund/group that is funding the spinoff---and if I understand correctly will manage Sally Beauty.

Called ACV---likely to close end of year after shareholders vote. Record date not set yet.

Am wondering about the tax consequences. STock is usually not taxed. However, if the $25.00 is consider a dividend or cash in lieu of stock that may be is taxable.

mj
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