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Subject:  That's a lot of Shmear... Date:  12/7/2012  3:06 PM
Author:  stillwater9999 Number:  13029 of 16841

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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