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The United States Securities and Exchange Commission's (SEC) definition of "spin-off" is more precise. Spin-offs occur when the equity owners of the parent company receive equity stakes in the newly spun off company. [6] For example, when Agilent Technologies was spun off from Hewlett-Packard (HP) in 1999, the stockholders of HP received ...
Form 10-12B is a U.S. SEC filing used to register securities pursuant to Section 12(b) of the Securities Exchange Act of 1934 in the United States. [ 1 ] Form uses
The transaction included a $1.8 billion one-time special cash payment to Lockheed Martin. Lockheed Martin shareholders received 50.5% equity in Leidos. [5] On February 2, 2017, Entercom announced that it had agreed to acquire CBS Radio. The sale was conducted using a Reverse Morris Trust so that it was tax-free. [6]
Developing a financial projection in Excel from scratch can be time-consuming, and data entry or formula errors will lead to inaccurate results. Learn more by viewing Microsoft's tutorial on ...
Comcast said that after the spin-off, NBCUniversal will continue to receive about $40 billion in annual content and experiences revenue. The change will create a shakeup in Comcast's corporate ...
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Section 355 of the Internal Revenue Code (IRC § 355) allows a corporation to make a tax-free distribution to its shareholders of stock and securities in one or more controlled subsidiaries. If a set of statutory and judicial requirements are met, neither the distributing corporation nor its shareholders recognize gain or loss on the distribution.
The separation will be executed through a spin-off, with Aptiv shareholders receiving pro-rata shares in the new EDS entity. The transaction is expected to be tax-free for both Aptiv and its ...