Monthly Archives: August 2018

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SERV Announces Terms for Frontdoor Spin-Off

ServiceMaster Board Approves Spin-Off of Frontdoor   § Company establishes record date of September 14, 2018 § Shares of Frontdoor, the parent of American Home Shield, are expected to begin trading on NASDAQ under the symbol FTDR on October 1, 2018   MEMPHIS, TENN. — August 27, 2018 — ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading…

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KLX Announces Spinoff Terms

WELLINGTON, Fla., Aug. 24, 2018 (GLOBE NEWSWIRE) — KLX Inc. (“KLX” or the “Company”) (NASDAQ: KLXI) announced today that KLX stockholders voted in favor of the proposal to adopt the previously announced Agreement and Plan of Merger, dated as of April 30, 2018 (the “Merger Agreement”), by and among KLX, The Boeing Company (“Boeing”) and…

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TCS Points to DHX Price Drop From $13 to $2

John Barter Chairman, Board of Directors DHI Group, Inc. 1040 Avenue of the Americans, Floor 8 New York, NY 10018   August 23, 2018 Dear Chairman Barter, As you know, we are the largest shareholder of DHI Group (“DHI” or the “Company”) and have closely followed the Company for nearly two decades. We are writing…

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Honewell Files Form 10 for Resideo Technologies

Dear Honeywell Shareowner: On October 10, 2017, we announced our intention to spin our Homes and ADI global distribution business. I am pleased to confirm that we expect to distribute shares in the new company, Resideo Technologies, Inc., before the end of the year. We will provide more details on this distribution as the effective spin…

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Honeywell Files Form 10 for Garrett Motion

Dear Honeywell Shareowner: On October 10, 2017, we announced our intention to spin our Transportation Systems automotive business. I am pleased to confirm that we expect to distribute to you shares in the new company, Garrett Motion Inc., at the end of the third quarter. Garrett will be listed on the New York Stock Exchange…

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Alesia Lays Out Case for PHI Sale

August 20, 2018 The Board of Directors of PHI, Inc. c/o of Al Gonsoulin, Chairman of the Board and CEO 2001 SE Evangeline Thruway Lafayette, LA 70508 Dear Members of the Board: We, Alesia Asset Management and Timothy Stabosz, collectively control 4.7% of the outstanding shares of PHIIK. We believe PHI is deeply undervalued and…

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VF Corp to Spin Off Jeans/Outlet Biz

GREENSBORO, N.C.–(BUSINESS WIRE)– VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, today announced that its Board of Directors intends to separate the company into two independent, publicly traded companies: VF Corporation, a global apparel and footwear powerhouse, and a yet-to-be named company (NewCo), which will hold VF’s Jeans and…

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Perrigo to Separate Pharma Unit

DUBLIN, Aug. 9, 2018 /PRNewswire/ — Perrigo Company plc (NYSE; TASE: PRGO) today announced that its Board of Directors approved a plan to separate the Company’s Prescription Pharmaceuticals (Rx) business following the Company’s previously announced strategic portfolio review. Continuing its focus on enhancing shareholder value, the Board believes a separation of the Rx business will better enable this…

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LINN Energy Spins Off Riviera Resources

HOUSTON, Aug. 07, 2018 (GLOBE NEWSWIRE) — LINN Energy, Inc. (OTCQB: LNGG) (“LINN” or the “Company”) announced today that it has completed the previously announced spin-off of Riviera Resources, Inc. (“Riviera”) from LINN (the “Spin-Off”). Riviera is now an independent reporting company and is expected to begin trading on the OTC Market under the ticker symbol “RVRA” on August 8, 2018. Under…

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Legion Thinks NTRI is Misunderstood

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 of Shares desirable,…