other material
confidence high
sentiment neutral
materiality 0.60
Select Medical sets final distribution ratio of 0.806971 Concentra shares per SEM share; distribution Nov 25
SELECT MEDICAL HOLDINGS CORP
- Final ratio: 0.806971 shares of Concentra (CON) per SEM share; based on 128,992,850 SEM shares outstanding as of Record Date Nov 18.
- Distribution of 104,093,503 CON shares (81.7% of CON) on Nov 25; no fractional shares, cash in lieu.
- After distribution, Select Medical will own no CON shares; distribution intended tax-free for U.S. holders.
- Shares trade with due bills in regular-way market through Distribution Date; ex-distribution market also available.