MSG Knickerbockers and MSG Rangers Shares Begin NYSE Trading After Spin-Off
Photo: TokenPost
MSG Knickerbockers Corp. and MSG Rangers Corp. began regular trading on the New York Stock Exchange Tuesday after completing the spin-off that divided Madison Square Garden Sports’ basketball and hockey businesses into separate public companies. The split became effective at 11:59 p.m. ET Oct. 26 (3:59 a.m. UTC Oct. 27). The completed spin-off fulfills the separation plan outlined Oct. 21 . Shareholders recorded at the close of business Oct. 20 received one MSG Rangers share for every two shares of the corresponding class in Madison Square Garden Sports Corp. The distribution covered all outstanding MSG Rangers shares.
Source: TokenPost
