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IDT Corp.: Update On Straight Path Spin-Off Valuation
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July 19, 2013
The spin off by IDT Corp (IDT) of Straight Path has now been set for July 31st. Holders of IDT who take a "do nothing" approach (and continue to hold) are likely to lose 10-20% immediately upon the spin off. That loss could be as large as 40-60% within several weeks due to selling by index funds. Th...
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