Time Warner Divorces AOL Dec. 9

  • November 17, 2009
On December 9, Time Warner is officially splitting from AOL, ending one of the worst business mergers in history. AOL will spin off as a separate publicly traded company. Investors will get one share of AOL for every 11 shares of Time Warner they own on Nov. 27, reports USA Today. AOL shares will trade on a when-issued basis beginning November 24. Regular trading will begin on December 10.

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