Monthly Archives: November 2018

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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…