United Online To Complete Tax-Free Spin Off Of FTD On November 1
United Online, Inc. announced that the U.S. Securities and Exchange Commission has declared the FTD Companies, Inc. (“FTD”) Registration Statement on Form 10 effective and that United Online’s board of directors has approved the separation of FTD from United Online through a tax-free dividend involving the distribution of all FTD common stock held by United Online to United Online’s stockholders on November 1, 2013. United Online’s board of directors also determined to implement the previously announced one-for-seven reverse stock split of shares of United Online common stock immediately prior to the spin off of FTD. As a result, the following will occur: …