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BGC Partners to Distribute Newmark Shares

NEW YORK, Nov. 13, 2018 /PRNewswire/ — BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners”, “BGC”, or “the Company”), a leading global brokerage and financial technology company, today announced that its Board of Directors (the “Board”) has approved the distribution of all of the shares1 of Newmark Group, Inc. (NASDAQ: NMRK) (“Newmark”) held by the Company to stockholders…

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BC Files Form 10 for Life Fitness Spin-Off

We are sending you this Information Statement in connection with the spin-off by Brunswick Corporation, or “Brunswick”, of its wholly owned subsidiary, Life Fitness Holdings, Inc., or “Life Fitness” for purposes of this Information Statement. To effect the spin-off, Brunswick will distribute at least 80.1% of the shares of Life Fitness common stock on a…

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Zayo Plans to Separate into Two Cos

BOULDER, Colo. – November 7, 2018 – Zayo Group Holdings, Inc. (NYSE: ZAYO) today announced it plans to separate into two publicly traded companies: one to focus on providing core communications infrastructure and another to leverage infrastructure to provide solutions for a broad set of enterprise customers. Zayo Infrastructure, “InfraCo,” will be a unique, fiber-focused infrastructure…

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FMC Corp Sets Livent Spin Off Date

Third Quarter Highlights Consolidated revenue of $1.0 billion, up 60 percent versus Q3 ’17 Consolidated GAAP earnings of $0.54 per diluted share, up 32 percent versus Q3 ’17 Consolidated adjusted earnings per diluted share of $0.98, up 40 percent versus Q3 ’17 Agricultural Solutions segment revenue of $924 million, up 5 percent versus Q3 ’17, on a pro forma basis…

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Trinity Completes Arcosa Spin-Off

DALLAS–(BUSINESS WIRE)– Trinity Industries, Inc. (NYSE: TRN) (“Trinity”), announced today that it has completed the separation of its infrastructure-related business, Arcosa, Inc. (“Arcosa”), a growth-oriented manufacturer of infrastructure-related products and services with leading positions in construction, energy, and transportation markets. The spin-off was effected through a pro rata dividend to Trinity’s stockholders of all outstanding…

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Legion Partners’ Thesis on OSPN

Purpose of Transaction. The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale…

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Harbert Calls for Sale of Bluerock Resi

Purpose of Transaction. The Reporting Persons originally purchased the securities of the Issuer (the “Shares”) reported herein based on their belief that the securities were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make…

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Gastar Exploration Files Chapter 11

HOUSTON, Oct. 26, 2018 /PRNewswire/ — Gastar Exploration Inc. (OTCQB: GSTC) (the “Company” or “Gastar”) today announced that it has entered into a restructuring support agreement (the “RSA”) with the Company’s largest (and only) funded-debt creditors and largest common shareholders, certain funds affiliated with Ares Management LLC (collectively, “Ares”).  Subject to the terms and conditions of the RSA, Ares…

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Getting Hammered: HON Completes REZI Spin-off

MORRIS PLAINS, N.J., Oct. 29, 2018 /PRNewswire/ — Honeywell (NYSE: HON) announced today that it has completed its spin-off of Resideo Technologies, Inc., Honeywell’s former Homes and ADI Global Distribution business. Resideo shares will begin “regular way” trading on the New York Stock Exchange today under the symbol “REZI.” “The spin-off of Resideo marks the completion of the…

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Fir Tree Sends Letter to Halcón’s Board

October 22, 2018  Dear Members of the Board of Directors: As one of Halcón’s largest shareholders, we are writing, first and foremost, to reiterate our strong support for Halcón’s initiatives to maximize shareholder value, including the $2.0 billion in asset sales to date and the successful development of, and recent announcement to divest, the midstream business.  These…

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Kimmeridge Disappointed with Subscale Resolute Energy

October 19, 2018 Resolute Energy Corporation 1700 Lincoln Street, Suite 2800 Denver, CO 80203 Attention: Board of Directors Dear Members of the Board, As beneficial owners of almost 10% of Resolute Energy Corporation (“Resolute” or the “Company”) shares, we are writing to you today as concerned shareholders. In 2017, Kimmeridge acquired a position in Resolute…

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OA Spin-Off Calendar

# Announced Date Parent Ticker Parent Co Name Spin-Off Ticker Spin-Off Co Name Spin-Off Description Most Recent Filing Transaction Date 1 12/11/15 DWDP DowDuPont Inc. Corteva Agriscience Agriculture Link By 6/1/19 1 12/11/15 DWDP DowDuPont Inc. Dow Holdings Inc. Material Sci Link By 4/1/19 1 12/11/15 DWDP DowDuPont Inc. DuPont Specialty Prod By 6/1/19 2…

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Blue Lion Calls HMST Performance Worst-in-Class

October 17, 2018 HomeStreet, Inc. 601 Union Street, Suite 2000 Seattle, WA 98101 Attention: Mr. Mark Mason Chairman, CEO & President Dear Mark, It has now been almost eleven months since we wrote our first letter to you and the other members of the Board of Directors (“Board”) of HomeStreet, Inc. (“HMST” or the “Company”)….

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Arcosa to Trade When-issued Next Week

DALLAS – September 25, 2018 – Trinity Industries, Inc. (NYSE: TRN) (“Trinity”) announced today that its Board of Directors formally approved the separation of its infrastructure-related businesses from Trinity through a distribution of all of the common stock of Arcosa, Inc. (“Arcosa”) held by Trinity to Trinity stockholders. In connection with the approval, the board…

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Resideo will Trade When-Issued Next Week

MORRIS PLAINS, N.J., Oct. 2, 2018 /PRNewswire/ — Honeywell (NYSE: HON) today announced that its Board of Directors has declared a pro rata dividend of Resideo Technologies, Inc. common stock, to be made effective at 12:01 a.m. EDT on October 29, 2018, to Honeywell’s shareowners of record as of 5:00 p.m. EDT on October 16,…

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Honeywell Completes Garrett Motion Spin-Off

MORRIS PLAINS, N.J., Oct. 1, 2018 /PRNewswire/ — Honeywell (NYSE: HON) announced today that it has signed an agreement to acquire privately held, warehouse automation business Transnorm for approximately €425 million from IK Investment Partners. Honeywell also announced that it has completed its spin-off of Garrett Motion Inc., Honeywell’s former Transportation Systems business. Garrett shares will begin…

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ServiceMaster Completes Frontdoor Spin-Off

MEMPHIS, Tenn.–(BUSINESS WIRE)–ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of essential residential and commercial services, today announced that it successfully completed the spin-off of frontdoor, inc., (“Frontdoor”), the parent company of its American Home Shield business, which is now an independent public company that will begin “regular way” trading this morning on Nasdaq under…

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Senvest Sends Letter to NorthStar Realty Europe

The Board of Directors  NorthStar Realty Europe Corp. 590 Madison Avenue, 34th Floor New York, New York 10022 Dear Members of the Board: Senvest Management, LLC (“Senvest Management” or “we”) advises private investment funds that, as of September 24, 2018, own 4,757,009 shares of common stock of NorthStar Realty Europe Corp. (“NRE” or the “Company”), equal…

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Micro-Cap Nxt-ID to Spin Off Payments Unit

SEBASTIAN, Florida, September 21, 2018 /PRNewswire/ — Nxt-ID, Inc. (NASDAQ: NXTD) today announced that it intends to separate its payments, authentication and credential management business into an independent company and distribute shares of the newly created company to its shareholders through the execution of a spin-off, which the Company believes will qualify as a tax free distribution. Immediately following…

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KLX Inc. Completes Spin-Off of KLX Energy

WELLINGTON, Fla., Sept. 17, 2018 (GLOBE NEWSWIRE) — KLX Inc. (“KLX” or the “Company”) (NASDAQ: KLXI) announced today that it has completed the previously announced spin-off of KLX Energy Services Holdings, Inc. (“KLX Energy Services”) (NASDAQ: KLXE) from KLX. At 11:59 p.m. Eastern time on September 14, 2018, KLX distributed all outstanding shares of KLX Energy Services common stock to KLX shareholders at a distribution ratio of…