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ITT Corporation Message Board

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  • rlbeard6734 rlbeard6734 Oct 13, 2011 9:07 PM Flag

    "When Issued" trading

    first off lets straighten out what you get, for every 2 shares of current ITT you get 2 shares xls, 2 shares of xly and one share of the new ITT,
    second, you may know the prices of the first two wi but you dont know the third one as it has not traded and doesnt necessarily have anything to do with current price. that is the speculation, it wont be 44/2, as the 44 reflects value of xls and xly that will be removed.

 
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