United Online completes FTD spin-off

|By:, SA News Editor

United Online (UNTD) completes the tax-free spin-off of FTD Companies. United Online shareholders were distributed one FTD share for every 5 shares of UNTD stock they held.

UNTD also effected a 1-for-7 reverse stock split.

FTD will begin regular trading on the Nasdaq under the symbol "FTD."