Time Warner: AOL Spinoff to Occur Dec. 9
Time Warner late Monday said the the spinoff of AOL will happen on Dec. 9, with the online firm’s shares starting to trade on the New York Stock Exchange under ticker symbol “AOL” on Dec. 10.
Time Warner’s board has also approved final details of the spin that will result in the complete legal and structural separation of the two companies.
TW stockholders of record as of 5 p.m. on Nov. 27, will on Dec. 9 receive one share of AOL common stock for every 11 shares of Time Warner stock.
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