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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: TRIIBoy who wrote (11924)	11/7/1999 11:14:00 AM
From: umbro	Read Replies (2) \| Respond to of 18998

TR2, this stock split on BELFA is a little different. It is a stock dividend payable in B shares: From the press release: The special dividend will be one share of Class B common stock for each share of Class A and Class B common stock outstanding, payable on Dec. 1 to shareholders of record on Nov. 22, 1999. The company has about 2.6 million Class A and 2.6 million Class B shares outstanding. As I read this, the resulting stock situation will be 2.6 mil. shares of A shares and 7.8 mil. (2.6 + 5.2) shares of the B shares outstanding. What are the relative terms of the A and B shares? As you mention, this may juice up the trading interest in the B shares, but it looks more like a slight-of-hand to effectively dilute the B shares, to me.