MSGS stock holds near record as MSG Sports weighs Knicks-Rangers spinoff
MSG Sports shares edged up to $341.77 in premarket trading Thursday after closing at a record high on news the company may split the Knicks and Rangers into separate public firms. The board approved exploring a tax-free spin-off, but set no timetable and said league approvals are needed. CFO Victoria Mink will depart after helping with the process. The company stressed there is no assurance a deal will occur.