Monterrey-based Alfa, S.A. plans to spin off its 90% stake in the steel unit Hylsamex, S.A.
Monterrey-based Alfa Al´fa
n. 1. A plant (Macrochloa tenacissima) of North Africa; also, its fiber, used in paper making. , S.A. plans to spin off its 90% stake in the
steel unit Hylsamex, S.A. 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. is projected to enable investors
and brokerages to evaluate the company better. The process will take
place in two stages. The first 39% will be spun off in the first quarter
of 2004 and the remainder within the first three months of next year.
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