Israel Corporation Ltd (TASE:ILCO) announced that it has spun off Kenon Holdings (KEN) to its shareholders. The record date was 1/9 and each ILCO shareholder received 7 Kenon shares together with $26.22 in cash. The NYSE has indicated that Kenon’s shares will trade on a “when-issued basis” for an initial period under (KEN-WI) during this period. Regular-way trading on the NYSE will commence at a later date to be determined by the NYSE. At this stage, the ticker symbol will be changed to ‘KEN’. Source
Spin-Off
