Rumors of a takeover bid from rival Georgia-Pacific, owned by private equity group Koch Industries, fuel a sixfold increase in normal call-options volume. TIN stock rises on the rumor that a takeover bid would offer close to $20 per share.
On December 28, 2007, TIN officially spun-off its former Financial Services and Real Estate segments as new separate public companies Guaranty Financial Group (GFG) and Forestar Real Estate Group (FOR), respectively. Shares of the new companies were distributed wholly among TIN shareholders.
On December 28, 2007 TIN officially completed the spin-off of its fomer financial services and real estate segments as new separate public companies Guaranty Financial Group (GFG) and Forestar Real Estate Group (FOR), respectively. Shares in the new companies were distributed wholly between TIN shareholders.
On Feb. 25, TIN announces it will be spinning off its Financial Services and Real Estate divisions as separate public entities Guaranty Financial Group, Inc. and Forestar Real Estate Group, Inc., respectively. All shares of common stock in both ventures will be distributed among TIN stockholders, the transaction to be completed at the end of the year.