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    1. Gallatin conceded that since the exchange of stock for an unbundled unit would be taxable, the units should appeal mainly to tax-exempt institutions such as pension funds.
    2. Four major companies said they would offer their shareholders a chance to exchange more than $5 billion in stock for "unbundled stock units," a new type of security that could be traded whole or broken into three parts.
    3. In doing so shareholders signalled the demise of Randgold in its present form. Randgold was formerly the mining arm of the Barlow Rand conglomerate before the latter 'unbundled' its operations in 1992.
    4. The deals involve the proposed swap of "unbundled stock units," or packages of three different types of securities, for large amounts of their outstanding common shares.
    5. The 45-year-old Mr. Sanford has unbundled the package of products and services and done away with the royalty.
    6. The only public transport alternative is a bus or train - and these offer none of the three. Information technologies will allow these services to be unbundled.
    7. One of the nation's top ratings services, Moody's Investors Service, said Monday that it confirmed its debt ratings for American Express after reviewing its proposal for unbundled stock units.
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