Get ready to receive your $8 Crimson wine shares! Pop open a bottle and celebrate!
LUK's shareoutstanding: 244.58 m
Crimson Wine (1/10th LUK S.O.): 24.58 m (244.58 / 10)
Crimson Wine B.V. = 197 m
BVPS = 197 / 24.58 = $8.0146 / sh
When CW is spun off... LUK will drop... Willl the drop in the price of LUK indicate the market price of CW?
LUK appears to be down in pre Market trading. Not sure if this represents market price of crimson. Will be watching.. Might buy some on the dip.
so what exactly does this mean.
i own 3000 luk shares. what am i getting??
also companies that typically get spun off do well.
one that i've invested in was chipotle. mcdonalds spun them off and they took off.
you'll receive 300 shares of Crimson Wine