From: http://ift.tt/1Sjk9cO
PayPal Holdings Inc (NASDAQ:PYPLV) is in the process of being spun-off from eBay as the result of eBay’s spin-off decision last year. Thus, PayPal will be an independent, publicly-traded company listed on the NASDAQ Stock Market under the ticker symbol “PYPL” upon the completion of the separation on July 20. As the board formally approved the split, shareholders will receive one share of PayPal for each share of eBay. Among the largest shareholders of eBay is Carl Icahn, who owns 46.27 million shares as of the end of March, followed by Barry Rosenstein‘s JANA Partners with 20 million shares. Overall, according to the last round of 13F filings, a total of 90 funds, among those that we track, held $11.86 billion worth of eBay’s stock.
Submitted July 14, 2015 at 04:54PM by kjuneja http://ift.tt/1HJaeHA
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