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How are stock shares handled in a public company spinoff?


Parliament

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Rumors are my employer (a Fortune 500) is gonna split off the roughly 40% of the side of the business I work for.  I own some stock in our company and I'm wondering how the stock shares are handled.  Will the old stock be retired and holders will get equivalent shares of each company (the existing company and the spinoff)?

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no they'll just issue all the shareholders of a certain date of the existing company with shares in the new company.  probably 1:1. 

This is what happened when our company split.

The two companies were each maybe 70% and 30% of the old stock price. So, we kept 70% of the former company and 30% of the new company.
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15 hours ago, Parliament said:

Rumors are my employer (a Fortune 500) is gonna split off the roughly 40% of the side of the business I work for.  I own some stock in our company and I'm wondering how the stock shares are handled.  Will the old stock be retired and holders will get equivalent shares of each company (the existing company and the spinoff)?

You are on the Marcus/Apple/consumer side of GS? Oof 

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