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
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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