MSG Sports to spin off Rangers business into separately listed company in October 2026
Bitget2026/09/30 20:30- Madison Square Garden Sports will separate its New York Rangers business from its New York Knicks business in a spin-off.
- Transaction is expected to complete on Oct. 26, 2026, creating MSG Knickerbockers and a newly listed MSG Rangers.
- Stockholders of record on Oct. 20, 2026 will receive one MSG Rangers share for every two MSG Sports shares held.
- When-issued trading is expected to start Oct. 21, 2026 under MSGK WI and MSGR WI; regular-way trading starts Oct. 27.
- James L. Dolan will serve as executive chairman and CEO of MSG Rangers, retaining the same roles at MSG Knicks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ASML to raise prices of equipment parts in Korea by 10% starting January next year
According to Korean media reports, ASML, the world’s largest semiconductor equipment manufacturer, will implement a uniform 10% price increase on replacement parts for equipment supplied in Korea. The new prices will take effect starting from January next year, and the increase covers all components of both EUV and DUV lithography machines. Industry insiders revealed that in early last month, ASML's headquarters had already expressed its intention to raise prices to Samsung Electronics and SK Hynix through its Korean branch. The adjustment was finalized after negotiations with the procurement departments of both companies.
Gold prices in New York rose on June 9, reaching a one-week high.
Netflix (NFLX.US) reportedly plans to lay off about 5%: The streaming giant faces growth pressure and implements "slimming down" ahead of earnings report
According to reports, Netflix (NFLX.US) plans to lay off about 5% of its staff as early as next week. A spokesperson for the streaming video service declined to comment. According to regulatory filings, the company had 16,000 full-time employees as of the end of last year, 68% of whom are based in the United States.
CFTC: As of the week ending October 6, net short positions in euro, pound, and Swiss franc; net long positions in yen
1. The net short position for the Swiss franc is 23,740 contracts. 2. The net short position for the British pound is 97,611 contracts. 3. The net short position for the euro is 99,332 contracts. 4. The net long position for the Japanese yen is 62,325 contracts.
Crypto prices
More
