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Stock Market & Financial Investment News

News Breaks
February 20, 2013
16:37 EDTUNTDUnited Online says exploring alternatives for businesses other than FTD
The company said, “We are continuing to work toward our planned spin-off of FTD as an independent, publicly-traded company, and expect to complete this transaction by the end of the third quarter of 2013. We already have submitted our request for a private letter ruling from the Internal Revenue Service regarding the tax-free status of the spin-off. We also are continuing to explore strategic alternatives for our other businesses and monetization opportunities for our patent portfolio.”
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