IAC/Interactive Corp (IAC) Stockholders Approve Vimeo Spin-off

May 14, 2021 4:16 PM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

IAC (NASDAQ: IAC) today announced that, at its stockholder meeting held today, IAC stockholders voted to approve the separation of Vimeo from the remaining businesses of IAC.

IAC anticipates the spin-off will be completed prior to the open of business on Tuesday, May 25, 2021, subject to the satisfaction or waiver of all closing conditions, and that Vimeo will begin trading on Nasdaq (ticker symbol "VMEO") that day. Subject to the final approval of the IAC board of directors, IAC expects that Vimeo will trade on Nasdaq on a "when-issued" basis (ticker symbol "VMEOV") from May 18 through May 24, 2021.

The final vote results on all proposals voted on at the annual meeting will be set forth in a Form 8-K filed by IAC upon final certification by the inspector of elections.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Spinoffs

Related Entities

Definitive Agreement