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  • rgchjr1945 rgchjr1945 Jan 2, 2013 11:29 AM Flag

    Cost Basis

    The split for these spin offs has to do with the trading on the first day. There are a couple of ways of doing it. I thought I saw somewhere that they were going to provide info. The cost basis is just a percentage which then gets applied to each original purchase price. In the oil and gas space COP & MRO both spun off their refining businesses and it was done the same way for both.

    Sentiment: Buy

 
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