Circuit City’s CarMax has postponed shareholder vote on planned s...
Circuit City’s CarMax has postponed shareholder vote on planned split off and hasn’t rescheduled it. Special meeting had been scheduled for July 12 but was delayed because SEC took longer than expected to approve various documents needed for split,…
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CarMax spokesman said. Delay will mean that spinoff, which had been expected to be completed by Aug., isn’t likely to occur before fall. CarMax, which Circuit City launched in 1993, filed preliminary documents in May.