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Strategies & Market Trends : Z PORTFOLIO
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To: Susan Saline who wrote (2470)1/15/1999 7:28:00 PM
From: Ron McKinnon  Read Replies (1) of 11568
 
nope

you only own marketwatch directly if you bought it either in the IPO or in the aftermarket after it starts trading

except,

since DBCC retained a % interest in the remaning shares, if you own DBCC you in a backward way own the same % of the spinnoff
example, if after the IPO DBCC still owns 37% of the outstanding shares of marketwatch, then the value of each share of DBCC has included in it 37% of a MKTW share

clear or mud?
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