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Bitstream Inc. (BITS) Message Board

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  • jimgray30 jimgray30 Mar 15, 2012 9:54 AM Flag

    Poodaddy

    Bitstream Inc. (Nasdaq: BITS - News) today announced that its board of directors has fixed March 8, 2012 as the record date (the “Record Date”) for the spin-off distribution (the “Spin-Off”) of its wholly-owned subsidiary, Marlborough Software Development Holdings Inc. (“MSDH”). On March 14, 2012, each owner of Bitstream Class A Common Stock will receive a distribution of one share of MSDH Common Stock for each share of Bitstream Class A Common Stock that they owned as of the close of trading on the Nasdaq Capital Market on the Record Date.

    This explains why stock has been dropping.