FACT Corporation has set the record date for the already announced spin-off of its wholly-owned subsidiary, FACT Products Inc. The move will take place on 10 January 2007.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Shareholders holding shares of FACT Corporation as of 10 January will receive dividend shares of FACT Products Inc. on the basis of one share for every five shares of FACT Corporation.
In a statement, Jacqueline Danforth, president and CEO of the independent nutrition solutions company, said: “Revisiting our 2004 corporate mandate to monetize all of our non-core assets, the company has determined to spin-off FACT Products Inc. in early 2007.
“Since electing to discontinue distribution of a line of shelf-stable whipped toppings in early 2005, FACT Products has remained dormant. The company has determined that a spin-off is the best way to recoup our investment in FACT Products.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
