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MSG Entertainment Completes Spinoff, Begins Trading

The newly spun-off MSG Entertainment began trading as a public company today, though the live-event business entity "continues to wait in the wings due to pandemic-related shutdowns." Shares of MSGE opened at $68. Each MSG stockholder "received one share of MSGE Class A or B common stock for every common stock of MSG they held before the spinoff." The company also named Mark FitzPatrick Exec VP & CFO. FitzPatrick was most recently "deputy CFO at WeWork" (BILLBOARD.com, 4/20).

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