USA: Titan names date for SureBeam spin-off
San Diego-based Titan Corp has announced a Record Date of 26 July and a Distribution Date of 5 August 2002 for the distribution of stock of its subsidiary SureBeam to Titan shareholders. The exact ratio of shares of SureBeam common stock to be distributed to Titan common shareholders, for each share of Titan common stock owned at 5:00pm EDT on 26 July 2002 record date, will be calculated by taking the total number of shares of SureBeam common stock to be distributed in the spin-off and dividing it by the total number of shares of Titan common stock outstanding at 5:00pm EDT on 26 July 2002.
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