WAKEFIELD, Mass., Oct. 12, 2012 (GLOBE NEWSWIRE) -- Comverse, Inc. ("CNS"), a subsidiary of Comverse Technology, Inc. ("CTI"), (Nasdaq:CMVT) announced today that its Form 10 registration statement for its planned spin-off has been declared effective by the Securities and Exchange Commission ("SEC"). CNS expects to become an independent public company following the spin-off and share distribution.
Comverse, Inc. Spin-Off And Share Distribution Expected On October 31, 2012
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.