January 19, 2018 / 2:55 PM / 6 months ago

BRIEF-Actua Board Approves Plan To Commence Liquidation Of Co

Jan 19 (Reuters) - Actua Corp:

* ACTUA SAYS APPROVED PLAN TO COMMENCE LIQUIDATION & WIND-UP OF CO INCLUDING MONETIZATION OF CO'S REMAINING MINORITY HOLDINGS & ASSETS​ - SEC FILING

* ACTUA SAYS IN ACCORDANCE WITH LIQUIDATION PLAN, BOARD ‍AUTHORIZED SPECIAL DISTRIBUTION IN AN AMOUNT EQUAL TO $14.89 PER SHARE - SEC FILING​

* ACTUA CORP - INTENDS TO HOLD A SPECIAL MEETING OF ITS STOCKHOLDERS IN FIRST HALF OF 2018 TO APPROVE LIQUIDATION PLAN

* ACTUA - ‍FOLLOWING DISTRIBUTION, CO INTENDS TO SIGNIFICANTLY REDUCE ITS OPERATING COSTS THROUGH DELISTING ​OF STOCK FROM NASDAQ, OTHER THINGS

* ACTUA CORP - INTENDS TO REDUCE NUMBER OF ACTUA DIRECTORS FROM NINE TO THREE FOLLOWING DELISTING

* ACTUA CORP SAYS INTENDS TO REDUCE "SIGNIFICANT" NUMBER OF ACTUA PERSONNEL IN Q2 OF 2018​ Source text : (bit.ly/2DwuC8k) Further company coverage:

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