Msg Sports Board Approves Spin-Off Of Rangers Business From Knicks Business

By Reuters News

Oct 1 (Reuters) - Madison Square Garden Sports Corp. MSGS.N:

  • MSG SPORTS BOARD APPROVES SPIN-OFF OF RANGERS BUSINESS FROM KNICKS BUSINESS

  • MADISON SQUARE GARDEN SPORTS CORP. - SPIN-OFF EXPECTED TO BE COMPLETED ON OCTOBER 26, 2026

  • MADISON SQUARE GARDEN SPORTS CORP. - TO BE RENAMED MSG KNICKERBOCKERS CORP. INCLUDING KNICKS AND WESTCHESTER KNICKS

  • MADISON SQUARE GARDEN SPORTS CORP. - COMMON STOCK TO TRADE AS MSGS AND MSGK WI ON NYSE

  • MADISON SQUARE GARDEN SPORTS CORP. - MSG SPORTS STOCKHOLDERS TO RECEIVE ONE MSG RANGERS SHARE FOR EVERY TWO MSG SPORTS SHARES

  • MADISON SQUARE GARDEN SPORTS CORP. - SPIN-OFF INTENDED TO QUALIFY AS TAX-FREE DISTRIBUTION FOR U.S. FEDERAL INCOME TAX PURPOSES

Further company coverage: MSGS.N

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