Wednesday, July 1, 2015
Equity Trader Alert #2015 - 105
Spin off/Distribution information for eBay Inc. (EBAY)
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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:
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:
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:
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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