Limited Brands (LTD) Changes Corp. Name to 'L Brands, Inc.'; Cites Limited Stores Sale
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Price: $51.47 -0.92%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +17.1%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +17.1%
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Effective March 22, 2013, Limited Brands, Inc. (NYSE: LTD) changed its name to L Brands, Inc. This name change is part of a planned transition process under a requirement associated with the previous sale of Limited Stores, LLC. The Company expects to announce a new permanent name for the Company in the months ahead.
The name change was effected through a short-form merger pursuant to Section 253 of the Delaware General Corporation Law (the “DGCL”) by merging a wholly owned subsidiary of the Company with and into the Company, with the Company as the surviving corporation in the merger. Under the DGCL, the merger did not require stockholder approval and had the effect of amending the Company’s certificate of incorporation to reflect the new legal name of the Company. The Company also amended its bylaws, effective as of the same date, to reflect the name change.
The merger and resulting name change do not affect any of the rights of the Company’s security holders, and the Company’s common stock will continue to trade on the New York Stock Exchange under the ticker symbol “LTD.” The Company’s common stock will continue to trade under the name “Limited Brands, Inc.” until March 28, 2013, at which point it will trade under the name “L Brands, Inc.”
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The name change was effected through a short-form merger pursuant to Section 253 of the Delaware General Corporation Law (the “DGCL”) by merging a wholly owned subsidiary of the Company with and into the Company, with the Company as the surviving corporation in the merger. Under the DGCL, the merger did not require stockholder approval and had the effect of amending the Company’s certificate of incorporation to reflect the new legal name of the Company. The Company also amended its bylaws, effective as of the same date, to reflect the name change.
The merger and resulting name change do not affect any of the rights of the Company’s security holders, and the Company’s common stock will continue to trade on the New York Stock Exchange under the ticker symbol “LTD.” The Company’s common stock will continue to trade under the name “Limited Brands, Inc.” until March 28, 2013, at which point it will trade under the name “L Brands, Inc.”
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