Vector Group's (VGR) Board Approves Spin-Off of Douglas Elliman Inc
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Vector Group Ltd. Board Approves Spin-Off of Douglas Elliman Inc.
December 10, 2021 5:11 PM ESTSpin-Off Expected to be Completed in Late-December
Douglas Ellimans Common Stock Expected to Trade on the New York Stock Exchange Under the Symbol DOUG
MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (NYSE: VGR) (Vector Group) today announced that its board of directors (the Board) has approved the spin-off of Douglas Elliman Inc. (Douglas Elliman), which is expected to be completed in late-December.
Upon completion of the spin-off, Vector Group will operate the tobacco segment of its business, which includes the manufacture and sale of cigarettes in... More
