12 November, 2009
UPDATE 1-AOL sees $200 mln charges after spin-off
* Sees $200 mln charges for restructuring
* Says charges due from spin-off through first half 2010
* Time Warner Inc shares closed at $31.91 Wed.
NEW YORK, Nov 12 (Reuters) - Time Warner Inc (TWX.N) subsidiary AOL said on Thursday that it expects to take $200 million in restructuring charges after its planned spin-off from Time Warner.
AOL said it would incur substantially all of the charges from the date of the spin-off, due to take place in the current quarter, and through the first half of 2010.
AOL said the charges relate to "additional restructuring activities" but did not elaborate further in a filing made with the U.S. Securities and Exchange Commission. (Reporting by Sinead Carew, editing by Gerald E. McCormick)
Source: http://www.reuters.com
UPDATE 1-AOL sees $200 mln charges after spin-off Added: (12.11.2009)
Back to invest list
