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Stock impact report

Select Medical Holdings Corporation Announces Declaration of a Special Stock Distribution to Spin-Off Concentra [Yahoo! Finance]

Select Medical Holdings Corporation (SEM) 
Last select medical holdings corporation earnings: 4/30 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
announced that its Board of Directors has approved a special stock distribution (the "Distribution") to Select Medical's stockholders of the 104,093,503 shares of common stock of Concentra Group Holdings Parent, Inc. ("Concentra") (NYSE: CON) owned by Select Medical Corporation ("SMC"), a wholly owned subsidiary of Select Medical, representing approximately 81.7% of the outstanding shares of Concentra's common stock. The Distribution by Select Medical of the special stock distribution will be made on November 25, 2024 (the "Distribution Date") to all of Select Medical's stockholders on the record date of November 18, 2024 (the "Record Date"). The Distribution will consist of a pro rata common stock distribution to each of Select Medical's stockholders on the Record Date. As of November 5, 2024 , Select Medical had approximately 128,992,850 shares of its common stock, par value per share, outstanding. Based on such number, Select Medical estimates that Select Medical's stockholders w Show less Read more
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