Columbus, Ga.-based Synovus (NYSE: SNV) Friday announced that its Board of Directors has set December 18, 2007 as the record date for the previously announced spin-off to Synovus’ shareholders of the shares of TSYS stock currently owned by Synovus. Synovus currently owns approximately 80.7% of TSYS. The distribution of the approximately 159.6 million TSYS shares owned by Synovus will be made on a pro-rata basis on December 31, 2007 to shareholders of record as of the close of business on the record date. The spin-off will be tax-free to Synovus and its shareholders.
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