- DTE Energy’s (NYSE:DTE) stockholders will receive one share of DT Midstream common stock for every two shares of DTE Energy common stock held.
- The fractional shares of DT Midstream common stock will be aggregated and sold in the open market, with the net proceeds distributed pro rata in cash payments to DTE shareholders.
- The record date for distribution of DT Midstream shares will be June 18, 2021; the distribution date for DT Midstream shares is anticipated to be July 1, 2021.
- “When-issued” trading…
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