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Subject: evealuation
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Jeanne Robeson


01/04/2008 12:28 PM  

will someone please  explain how the new snv is valued after the spin off of tss

Thanks

Jeanne


Mary Becker


01/07/2008 11:13 AM  

I did a simple calculation to check the price

Old Price of SNV $24 with 1 share

Price of TSS $26 with 0.483921 shares = $12.58

New Price of SNV = $24 -12.58 = $11.418

I believe ValeLine will adjust its data in coming months for the spinoff

Also note the stock symbol is TSS NOT TSYS.  That confused me at first

 

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