Brief: Msg Sports Board Approves Spin-Off Of Rangers Business From Knicks Business
BRIEF-Msg Sports Board Approves Spin-Off Of Rangers Business From Knicks Business Oct 1 (Reuters) - Madison Square Garden Sports Corp. MSGS.N:
MSG SPORTS BOARD APPROVES SPIN-OFF OF RANGERS BUSINESS FROM KNICKS BUSINESS
MADISON SQUARE GARDEN SPORTS CORP. - SPIN-OFF EXPECTED TO BE COMPLETED ON OCTOBER 26, 2026
MADISON SQUARE GARDEN SPORTS CORP. - TO BE RENAMED MSG KNICKERBOCKERS CORP. INCLUDING KNICKS AND WESTCHESTER KNICKS
MADISON SQUARE GARDEN SPORTS CORP. - COMMON STOCK TO TRADE AS MSGS AND MSGK WI ON NYSE
MADISON SQUARE GARDEN SPORTS CORP. - MSG SPORTS STOCKHOLDERS TO RECEIVE ONE MSG RANGERS SHARE FOR EVERY TWO MSG SPORTS SHARES
MADISON SQUARE GARDEN SPORTS CORP. - SPIN-OFF INTENDED TO QUALIFY AS TAX-FREE DISTRIBUTION FOR U.S. FEDERAL INCOME TAX PURPOSES
Source text: ID:nBw961VMda
Further company coverage: MSGS.N
((Reuters.Briefs@thomsonreuters.com;))
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