MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 25, 2005 Amex Board O.K.'s Spin-Off The board of directors for American Express voted Wednesday to move forward with the spin-off of the credit card firm's brokerage business. The spin-off was announced by American Express in February. In May, the brokerage unit adopted Ameriprise Financial as its new name. American Express shareholders will receive on share of Ameriprise for every five shares of American Express Financial that they hold. The distribution will be made on September 19. Printed from: MFWire.com/story.asp?s=10325 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |