Separation to be completed October 31, 2011
ITT Exelis and Xylem to begin “regular way” trading on the
New York Stock Exchange on November 1, 2011
Company receives IRS ruling that transaction qualifies as tax-free
Collective ITT, Xylem and ITT Exelis post-spin fourth-quarter dividends
to equal current ITT quarterly dividend
ITT to effectuate 1:2 reverse stock split following distribution
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