IPCS ex-dividend on 5/4 (22%, special)
iPCS, the Sprint PCS Affiliate of Sprint Nextel Corp, will pay a special dividend of $11.00 on May 16 to holders as of Friday, May 4. The dividend will be taxed as return of capital dividend. That’s 22.4% of the share price of $49.150.
April 29th, 2007 at 1:17 pm
SAN FRANCISCO (MarketWatch) — InfoSpace Inc. (INSP : infospace inc com new
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Last: 25.75-1.96-7.07%
4:00pm 04/27/2007
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INSP25.75, -1.96, -7.1%) late Thursday said it has reached an agreement with Sandell Asset Management Corp., which holds 8.8% of the company shares. The Bellevue, Wash.-based Internet and mobile search provider said the settlement agreement incorporates several of Sandell’s suggestions, including the appointment of Sandell Managing Director Nick Graziano to its board immediately. Graziano also will join a committee to evaluate InfoSpace’s strategy to close what it sees as a gap between the current price of its shares and their intrinsic value, the company said. The agreement also includes the declaration of a onetime cash distribution of about $6.30 per share, or about $200 million in total, and the reauthorization of the $100 million share buyback program. The special distribution is expected to be paid within the next 30 days.
May 1st, 2007 at 3:59 pm
Possible Special Cash Dividend by AACC
WARREN, Mich., April 24 /PRNewswire-FirstCall/ — Asset Acceptance Capital Corp. (Nasdaq: AACC - News), a leading purchaser and collector of charged-off consumer debt, today announced plans to recapitalize its balance sheet and return $150 million to shareholders. The Company said that subject to final approval from the Board of Directors, it intends to repurchase up to $75 million of its shares through a combination of (1) a “Dutch auction” tender offer that will likely commence in May 2007 and (2) purchases from its largest shareholder, CEO and CFO, who own 50.5% of the Company’s stock in total, following the tender offer so that they maintain their ratable ownership interests in the Company. Subject to final approval from the Board of Directors, the balance of the $150 million return of capital to shareholders will be paid in the form of a special one-time cash dividend.