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Author: stillwater9999 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 14187  
Subject: That's a lot of Shmear... Date: 12/7/2012 3:06 PM
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Einstein Noah announced the results of their review of Strategic Alternatives yesterday:

http://finance.yahoo.com/news/einstein-noah-restaurant-group...

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.

sw
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Author: stillwater9999 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13032 of 14187
Subject: Re: That's a lot of Shmear... Date: 12/10/2012 7:55 PM
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Actually looking again more closely:

"shares will begin to trade without the right to receive the dividend, or ex-dividend, is the first business day following the payment date, rather than the second business day prior to the record date."

sw

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