CSN-Convergys (NYSE) 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 : CSN-Convergys (NYSE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: reg who wrote (72)	11/19/1998 1:13:00 PM
From: debra vogt	Read Replies (2) of 84

Cincinnati Bell sets Covergys spinoff ratio November 19, 1998 11:34 AM CINCINNATI, Nov 19 (Reuters) - Local and long distance telcommunications company Cincinnati Bell Inc. said on Wednesday its shareholders will receive one share of Convergys for each of their shares as part the Convergys spin off. The spinoff takes place on Dec. 31, and will include Cincinnati Bell shareholders of record on Dec. 1. The company said it will distribute about 137 million common shares of Convergys, a telcommunications customer services provider. Cincinnati Bell said the Internal Revenue Service ruled that the spin-off will be tax-free to Cincinnati Bell shareholders. The spin-off, orginally announced in April, creates a new company with almost $1 billion in annual revenue with about 30,000 employees. (( -- New York Newsdesk (212) 859-1700)) REUTERS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next