Madison Square Garden Files Initial Statement For Proposed Spin-Off Of Sports Business [Reuters]
MADISON SQUARE GARDEN CO NEW (MSG)
Last madison square garden co new earnings: 2/7 07:00 am
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Source: Reuters
Madison Square Garden Co (MSG.N) Key Developments | Reuters.com Oct 4 (Reuters) - Madison Square Garden Co ::THE MADISON SQUARE GARDEN COMPANY FILES INITIAL FORM 10 REGISTRATION STATEMENT FOR PROPOSED SPIN-OFF OF SPORTS BUSINESS.MADISON SQUARE GARDEN CO - PROPOSED SEPARATION WOULD BE STRUCTURED AS A TAX-FREE SPIN-OFF TO ALL MSG SHAREHOLDERS.MADISON SQUARE GARDEN - PROPOSED TRANSACTION IS CURRENTLY EXPECTED TO BE COMPLETED DURING H1 OF CALENDAR 2019.MADISON SQUARE GARDEN - HOLDERS OF MSG STOCK TO GET PRO-RATA DISTRIBUTION, EXPECTED TO BE ABOUT 2-3RD ECONOMIC INTEREST IN PURE-PLAY SPORTS COMPANY.MADISON SQUARE GARDEN CO - REMAINING COMMON STOCK WOULD BE RETAINED BY LIVE ENTERTAINMENT COMPANY.MADISON SQUARE GARDEN - DOLAN FAMILY WOULD MAINTAIN MAJORITY VOTING CONTROL OF BOTH COMPANIES THROUGH THEIR OWNERSHIP OF CLASS B SHARES.MADISON SQUARE GARDEN - PROPOSED SEPARATION OF SPORTS & ENTERTAINMENT BUSINESSES PROVIDING COS WITH "INCREASED STRATEGIC FLEXIBILITY".MADISON SQUARE GARDEN CO - NEW
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