I would imagine that ROS spin it for profit, maybe instantly or more likely by spending a bit and spin off in 12months.
End result ROS will either retain a percentage(for free) or make some cash.
So probably a special return to shareholders of 1 ROSspinoff for every 5 ROS held. SOmething along those lines.
TRF who own shares in IFE and ROL did a similar return to holders. TRF still own ROL shares but gave some of them to shareholders who were then free to hold or sell. It was value adding imo.
Its certainly not a bad announcement, but possibly not going to cause a spike either. The positive is its only $12mil.
ROS Price at posting:
35.0¢ Sentiment: None Disclosure: Not Held
