CRIMSON WINE GROUP, LTD. COMPLETES SPIN-OFF FROM LEUCADIA NATIONAL CORPORATION
CRIMSON WINE GROUP, LTD. COMPLETES SPIN-OFF FROM LEUCADIA NATIONAL CORPORATION
Feb 26, 2013 6
/PRNewswire/ -- Crimson Wine Group, Ltd. ("Crimson") announced today that its spin-off from Leucadia National Corporation ("Leucadia") had been completed. Crimson, which held all of Leucadia's wine operations, was distributed to Leucadia's shareholders through a pro rata dividend of all of the shares of Crimson common stock.
Crimson is now a separate public company. Crimson's common stock is not listed on any securities exchange. Trading in Crimson's common stock is expected to occur on OTC Link under the symbol "CWGL." The CUSIP number for Crimson's common stock is 22662X 100.
Holders of record of Leucadia's common shares as of the close of business on February 11, 2013, the record date for the spin-off, that did not subsequently trade the entitlement to their shares of Crimson common stock, received one share of Crimson common stock for every 10 Leucadia common shares held on the record date, with cash in lieu of fractional shares to be later distributed.
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