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Yahoo Tax-Free Spin-Off Announced Amid Q4 Earnings (YHOO)
Yahoo shareholders have finally got what they've been waiting for: a Yahoo tax-free spin-off.
Yahoo stock is up big in after-market hours today (Tuesday). At 4:30 p.m. EDT Yahoo! Inc. (Nasdaq: YHOO) stock was up more than 7%, above $51. This was not because Yahoo quarterly earnings impressed.
Yahoo shareholders have finally got what they've been waiting for: a Yahoo tax-free spin-off.
Yahoo stock is up big in after-market hours today (Tuesday). At 4:30 p.m. EDT Yahoo! Inc. (Nasdaq: YHOO) stock was up more than 7%, above $51. This was not because Yahoo quarterly earnings impressed.