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|Subject: That's a lot of Shmear...||Date: 12/7/2012 3:06 PM|
|Author: stillwater9999||Number: 13029 of 15030|
Einstein Noah announced the results of their review of Strategic Alternatives yesterday:
Greenlight Capital (David Einhorn) owns 10.7 MM shares at last count. So they will get $42.8 MM.
One interesting thing to note is that since the special dividend exceeds 25% of the stock price, the ex-div date is just one business day (not two) ahead of the record date. So that should be 12/16.
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