Aetna Announces Record Date for Health Company Spinoff / ING Sale.Business/Technology Editors HARTFORD, Conn.--(BUSINESS WIRE)--Dec. 4, 2000 Aetna Inc. (NYSE NYSE See: New York Stock Exchange : AET AET Aetna, Inc. AET After Extra Time AET Actual Evapotranspiration AET Alliance for Environmental Technology AET Alpha-Ethyltryptamine AET Applied Extrusion Technologies, Inc. ) today announced that the record date for the spinoff Spinoff A new, independent company created through selling or distributing new shares for an existing part of another company. Notes: Spinoffs may be done through a rights offering. of its domestic health care business to shareholders would be the close of business on the date of the simultaneous sale of its financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and international businesses to ING Groep N.V., which currently is expected to be December 13, 2000. Each shareholder of Aetna Inc. on the record date will receive one share of common stock of the newly spun-off health care company and approximately $35 in cash in exchange for their existing shares. The closing is subject to customary closing conditions, and the record and closing date may change. Any changes in the record and closing date for the transaction will be announced as soon as practicable practicable adj. when something can be done or performed. . A Fortune 50 company, Aetna is the nation's leading provider of health care and related benefits, serving more than 19 million health care members, 14 million dental members and 11 million group insurance customers. Information about Aetna is available at www.aetna.com. |
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