Monthly Archives: February 2019

0

Update on CEIX and CCR

On March 12, 2018, I had penned a note “Why CCR 14% yield is solid” on this site. For background, you can read it here. On February 7, 2019, Consol Energy (CEIX) and its MLP, Consol Coal Resources (CCR) released Q4-2018 results and provided  initial guidance for 2019.  Based upon the cash flow generated by…

0

GE to Complete Transportation Spin on Feb 14

BOSTON, February 4, 2019  — GE (NYSE: GE) announced today that the Finance and Capital Allocation Committee of the GE Board of Directors has set a record date of February 14, 2019 for the spin-off of Transportation Systems Holdings Inc. (“SpinCo”), which will hold a portion of GE Transportation, a business unit of GE. Subject…

0

Arconic to Potentially Spin Off Unit

NEW YORK–(BUSINESS WIRE)–Arconic Inc. (NYSE: ARNC) today reported fourth quarter 2018 and full year 2018 results. Arconic Chairman and Chief Executive Officer John Plant said, “Having been a Director of Arconic since 2016 and Chairman of the Board since 2017, I have a historical perspective of the Company and understand what we can achieve. I…

0

FMC Corp to Distribute LTHM Shares

FMC Corporation (NYSE: FMC) announced today that its Board of Directors has approved the distribution of all of its remaining interest in Livent Corporation (“Livent”) (NYSE: LTHM) to FMC stockholders, payable on March 1, 2019, to shareholders of record as of 5:00 p.m. EST on February 25, 2019. Subject to the conditions described below, the FMC Board of Directors has authorized the…

0

Henry Schein Completes Covetrus Spin-Off

MELVILLE, N.Y., Feb. 8, 2019 /PRNewswire/ — Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of health care solutions for office-based dental and medical professionals, announced today the completion of the spin-off of its animal health business as the Company tightens its focus on driving growth in existing dental and medical markets while pursuing new investment opportunities. As…

0

Ecolab to Spin Off Upstream Unit

ST. PAUL, Minn.–(BUSINESS WIRE)– Ecolab Inc. is announcing it plans to spin off its Upstream energy businesses as a stand-alone publicly-traded company. The Upstream Energy business currently operates within Ecolab’s Energy segment and consists of the Oil Field Chemicals production business and the WellChem drilling and well completion chemistry business. Ecolab plans to retain the…