Alloy Inc., the apparel direct marketer, has completed its spinoff of Delia’s Inc, and has begun distributing to its stockholders all of the more than 23 million shares of Delia’s common stock it owned before the distribution. As a result, Alloy stockholders will receive approximately 99.3% of the outstanding shares of Delia’s common stock. The remaining Delia’s shares were sold to senior executives of that company earlier this month
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