Tagged IDT

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IDT to Spin Off Biotech Unit

NEWARK, N.J., Nov. 1, 2017 /PRNewswire/ — IDT Corporation (NYSE: IDT) today announced that its wholly-owned subsidiary, Rafael Holdings, Inc. (Rafael), has filed a Form 10 Registration Statement with the Securities and Exchange Commission related to the planned spin-off of Rafael to IDT stockholders. Rafael will own certain commercial real estate assets and interests in clinical and early…

IDT: The Spin-Off Machine

IDT Corporation (IDT) today announced that its Board of Directors has approved a plan to reorganize the Company into three separate entities by spinning off two business units to its stockholders. The reorganization marks the next stage in IDT’s tradition of incubating and spinning-off successful businesses. The three separate companies will feature IDT Telecom, Zedge,…

IDT Patent Spin-Off Deja Vous

IDT Corporation intends to spin-off its patent and licensing subsidiary, Innovative Communications Technologies, Inc. (ICTI) to its shareholders. ICTI’s intellectual property portfolio includes patents that principally relate to communications over computer networks. ICTI will prepare an information statement regarding the proposed spin-off and distribute it to IDT stockholders following completion of review of the proposed spin-off…

IDT Corp Updates on Spinoff Plans

(See earlier posts on IDT Corp (IDT) dated 3/17/11 and 11/6/10) NEWARK, N.J.–(BUSINESS WIRE)– The Board of Directors of IDT Corporation (NYSE:IDT – News) today raised IDT’s cash dividend by approximately five percent from $0.22 per share to $0.23 for the third quarter of IDT’s 2011 fiscal year. “IDT’s Board made a commitment to pay…

IDT Corp Update on Spinoff

(See earlier post on IDT dated 11/6/10) (RTTNews) – IDT Corp. (IDT: News ), a telecommunications and energy company, said Wednesday that it will spin-off a portfolio of patents related primarily to communications over computer networks to its shareholders. This includes Voice over Internet Protocol or VoIP, and the licensing business related to those patents….

IDT Announces Spinoff and Exchange Offer

Novermber 5, 2010; IDT Corporation (NYSE:IDT – News) today announced a series of strategic moves, including dividends, that establish a framework for long term appreciation of shareholder value. On November 2, 2010, IDT’s Board of Directors authorized an initial cash dividend of $0.22 per share to be paid on or about November 23rd to shareholders…

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