just talked with the investor relations at cpb.was trying to get a idea of cpb value post spin-off.she said cpb started tuesday listing as cpb (currently at 59)and cpb wi(when issued), which was at 56.also said vlassic priced at 22.does this mean that cpb will still be priced in the 50 dollar range after the spin-off though vlassic priced at 22or should cpb drop by this amount?not sure in this case what the when issued price represents.any thoughts
vl is being issued as 1 sh for every 10 cpb or 10% of the cpb so max reduction in value of cpb should be approx. $5-6 per share (on value of 58-60)..I cant find cpb wi value..do u have symbol for that?
i did not see cpb wi in the paper. however, the broker was aware of it.the cpb wi will not have anything to do with with vli shares.
we have reached a new high today - this stock is a hit !!the 60ties are back - let's rock'n roll!bye-bye