Monthly Archives: October 2018

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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…