The Madison Square Garden Co (MSG) Spin-off Imminent
Post# of 30
Posted On: 03/29/2015 2:26:58 AM
After the closing bell on Friday, The Madison Square Garden Company (MSG) said that it has filed an initial Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) to separate its live sports and entertainment businesses from the company's media business
MSG believes that the transaction, expected to be completed during 2015 (subject to certain conditions), would further enhance the long-term value-creation potential of both businesses.
The live sports and entertainment company would comprise a portfolio of celebrated venues, legendary sports teams and exclusive entertainment productions, while the media company would continue to distribute exclusive, award-winning sports and entertainment content across multiple platform.
Upon completion of the spin-off, MSG shareholders would own shares in both companies and have the ability to evaluate each company's current business and future prospects in making investment decisions.
Shares of MSG surged more than 6% in extended hours trading following the announcement
MSG is comprised of three business segments: MSG Sports, MSG Media and MSG Entertainment and is built on a foundation of iconic venues and compelling content that the company creates, produces, presents and/or distributes through its programming networks and other media assets.
More about The Madison Square Garden Company (MSG) at www.themadisonsquaregardencompany.com.
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The price of Altera Corp. (ALTR) stock reached a new 52-week high of $45.00 during Friday's trading session as a result of media reports indicating that Intel Corporation (INTC) is in talks to acquire the company. The deal would provide the semiconductor giant Intel with a new business line and bring new production work to its cutting-edge factories.
ALTR's cash flow from operating activities in 2014 was $666.2 million. ALTR posted fourth quarter 2014 sales of $479.9 million and net income of $111.1 million, $0.36 per diluted share for the period
ALTR closed at $44.39 per share on Friday, giving the company a market value of about $13.36 billion.
ALTR is at the forefront of technology innovation, providing customers programmable solutions for leading-edge electronic systems that are shaping our modern world.
More about Altera Corp. (ALTR) at www.altera.com
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Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Buena Park, CA ( www.buenapark.crwe-pr.com ) into the CRWE Network.
Buena Park is a City with a distinct heritage undergoing an exciting revitalization in business, residential, and commerical projects. It is situated in northwestern Orange County, California, about 12 miles northwest of downtown Santa Ana, the county seat.
The City of Buena Park had an estimated population in 2013 (U.S. Census Bureau) of 82,882, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The CRWE-PR Business Directory portal ( www.BusinessDirectory.crwe-pr.com ) is the company’s business directory service that is available to all United States and Canada business in the public and private sector. It allows business owners and executives the ability to claim their business listings and provide more detailed information for their potential customers who visit the CRWE Network everyday.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
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Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
MSG believes that the transaction, expected to be completed during 2015 (subject to certain conditions), would further enhance the long-term value-creation potential of both businesses.
The live sports and entertainment company would comprise a portfolio of celebrated venues, legendary sports teams and exclusive entertainment productions, while the media company would continue to distribute exclusive, award-winning sports and entertainment content across multiple platform.
Upon completion of the spin-off, MSG shareholders would own shares in both companies and have the ability to evaluate each company's current business and future prospects in making investment decisions.
Shares of MSG surged more than 6% in extended hours trading following the announcement
MSG is comprised of three business segments: MSG Sports, MSG Media and MSG Entertainment and is built on a foundation of iconic venues and compelling content that the company creates, produces, presents and/or distributes through its programming networks and other media assets.
More about The Madison Square Garden Company (MSG) at www.themadisonsquaregardencompany.com.
**
The price of Altera Corp. (ALTR) stock reached a new 52-week high of $45.00 during Friday's trading session as a result of media reports indicating that Intel Corporation (INTC) is in talks to acquire the company. The deal would provide the semiconductor giant Intel with a new business line and bring new production work to its cutting-edge factories.
ALTR's cash flow from operating activities in 2014 was $666.2 million. ALTR posted fourth quarter 2014 sales of $479.9 million and net income of $111.1 million, $0.36 per diluted share for the period
ALTR closed at $44.39 per share on Friday, giving the company a market value of about $13.36 billion.
ALTR is at the forefront of technology innovation, providing customers programmable solutions for leading-edge electronic systems that are shaping our modern world.
More about Altera Corp. (ALTR) at www.altera.com
**
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Buena Park, CA ( www.buenapark.crwe-pr.com ) into the CRWE Network.
Buena Park is a City with a distinct heritage undergoing an exciting revitalization in business, residential, and commerical projects. It is situated in northwestern Orange County, California, about 12 miles northwest of downtown Santa Ana, the county seat.
The City of Buena Park had an estimated population in 2013 (U.S. Census Bureau) of 82,882, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The CRWE-PR Business Directory portal ( www.BusinessDirectory.crwe-pr.com ) is the company’s business directory service that is available to all United States and Canada business in the public and private sector. It allows business owners and executives the ability to claim their business listings and provide more detailed information for their potential customers who visit the CRWE Network everyday.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
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