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To: Uriel Yepes who wrote (17234)11/22/1999 12:33:00 PM
From: Roy F  Respond to of 29970
 
My understanding of a spinoff is that the existing shareholders will receive an amount of the new issue based on the percentage value of the new stock relative to the overall company. That is, if the Excite portion of the business is deemed to be 50% of the overall company, shareholders would receive .5 shares of the new stock for each share of ATHM.

Just my guess.



To: Uriel Yepes who wrote (17234)11/22/1999 12:39:00 PM
From: ALTERN8  Read Replies (1) | Respond to of 29970
 
Investors will receive shares of the new tracking stock on a one-to-one basis.

yahoo.cnet.com