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Article: IAC Stockholders Approve Spin-Off of Expedia, Inc.
- Article from:
- PR Newswire
- Article date:
- July 19, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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'IACIV' and 'EXPEV' to Commence When-Issued Trading
NEW YORK, July 19 /PRNewswire-FirstCall/ -- IAC/InterActiveCorp announced that its stockholders overwhelmingly approved the spin-off of Expedia, Inc., and the related proposals submitted at IAC's annual meeting of stockholders held earlier today. IAC will release its second quarter results on August 2, 2005 and expects to close the spin-off during the week of August 8th.
IAC has been advised by the Nasdaq National Market that both Expedia common stock and IAC common stock (on a post spin-off basis) will trade on a "when-issued" post-reverse stock split basis on Nasdaq under the symbols "EXPEV" and ...