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Wednesday, July 1, 2015

Equity Trader Alert #2015 - 105
Spin off/Distribution information for eBay Inc. (EBAY)

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Resources:

An EX date for eBay Inc. Common Stock has been established for the spin-off of PayPal Holdings, Inc. (PYPL). An EX distribution when-issued market will be established for eBay Inc. Common Stock (EBAYV). A when-issued market will be established for PayPal Holdings, Inc. (PYPLV).

eBay Inc. (EBAY) has announced a spin- off of PayPal Holdings, Inc. Common Stock (PYPL). The details of the distribution are as follows:

Company/ Parent: eBay Inc.
Issue: Common Stock
CUSIP: 278642103
Symbol: EBAY
Record Date: July 8, 2015
Payment Date: July 17, 2015
EX Date: July 20, 2015
Due Bill Redemption Date: July 22, 2015
Ratio of Spin-Off/ Distribution:
 One (1) share of PayPal Holdings, Inc. Common Stock for each share of eBay Inc. held 

An EX distribution when issued market will be established for eBay Inc.  Trades in the EX distribution when issued market will not carry due-bills for the spin off/distribution.  The details for the EX distribution when-issued market are as follows:

Symbol: EBAYV
CUSIP: 278642111
Anticipated First Trade Date: July 6, 2015
Suspension Date: July 20, 2015
Settlement Date: July 23, 2015

A when issued market will be established for PayPal Holdings, Inc.  The first day of “regular way” trading will be July 20, 2015. The symbol will change to PYPL on that date. The details for the when issued market are as follows:

Symbol: PYPLV
CUSIP: 70450Y103
Anticipated First Trade Date: July 6, 2015
Suspension Date: July 20, 2015
Settlement Date: July 23, 2015

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in EBAYV OR PYPLV contact Nasdaq Trading Services at +1 212 231 5100.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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