Spin-Off

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DXC to Spinoff USPS to Shareholders

New company will be a mission-enabled, end-to-end IT services provider to the U.S. government, providing clients with highly differentiated offerings and capabilitiesDXC will remain a global leader in commercial and non-U.S. public sector IT services, leading client digital transformation through strong focus on innovation and delivery excellenceTysons, VA, Oct. 11, 2017 – DXC Technology (NYSE: DXC), the…

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Honeywell Announces Two Spinoffs

Plans to Spin Homes and the ADI Global Distribution Business, a ~$4.5B Business, and Transportation Systems, a ~$3.0B Business, into Two Independent, Publicly-Traded Companies by End of 2018 Prospective Honeywell Portfolio Consists of High-Growth Businesses with Strong Operational and Technology Synergies, Focused on Six Key End Markets Independent Investment Decisions Will Position Spins to Thrive…

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Dover Corp May Spinoff/Sell Energy Bizs

DOWNERS GROVE, Ill., September 12, 2017 – Dover (NYSE: DOV) today announced that it is exploring strategic alternatives for the separation of its upstream energy businesses within its Energy segment, collectively, the “Wellsite” business. The Company is considering options which may include a tax-free spin-off, sale or other strategic combination. Dover’s Wellsite business, including Dover Artificial…

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DowDuPont to Spin Into 3 in 18 Months

MIDLAND, Mich., and WILMINGTON, Del. – September 01, 2017 –DowDuPont™ (NYSE:DWDP) today announced the successful completion of the merger of equals between The Dow Chemical Company (“Dow”) and E.I. du Pont de Nemours & Company (“DuPont”), effective Aug. 31, 2017. The combined entity is operating as a holding company under the name “DowDuPont™” with three…

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CONSOL Updates on Spin-Off Timing

PITTSBURGH, Sept. 5, 2017 /PRNewswire/ — CONSOL Energy Inc. (NYSE: CNX) announced today several updates in connection with its participation in the Barclays CEO Energy-Power Conference in New York. First, in order to provide better clarity and visibility to the market with respect to the company achieving its strategic goal of separating its coal and E&P businesses, the…

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NACCO Industries Files for Spin-Off

CLEVELAND, Aug. 21, 2017 /PRNewswire/ — NACCO Industries, Inc. (NYSE: NC) announced today that its wholly owned subsidiary, Hamilton Beach Brands Holding Company, has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed spin-off by NACCO of its housewares-related businesses to NACCO stockholders.  Hamilton Beach Brands Holding Company, as an independent public company, will own and operate…

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Spirit Realty to Spin Off REIT

DALLAS, Aug. 3, 2017 /PRNewswire/ — Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit” or the “Company”), a premier net lease real estate investment trust (REIT) that primarily invests in single-tenant, operationally essential real estate, today announced the planned spin-off of a separate publicly traded REIT (“SpinCo”). SPIN-OFF HIGHLIGHTS SpinCo Expected to Have $2.7 Billion in Gross Real…

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Wyndham to Spin Off Time-Share Unit

PARSIPPANY, N.J., Aug. 2, 2017 /PRNewswire/ — Wyndham Worldwide (NYSE: WYN) today announced plans to spin off the company’s hotel business resulting in two separate, publicly traded companies.  Wyndham Hotel Group, with headquarters in Parsippany, NJ, will become a new, publicly traded pure-play hotel company with a portfolio of renowned brands.  Wyndham Vacation Ownership, with headquarters in Orlando, Florida, will be the…

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La Quinta Registers CorePoint Spin Off

La Quinta Holdings Inc. (the “Company”) LQ, -0.80% announced that a Form 10 Registration Statement was filed today with the U.S. Securities and Exchange Commission (“SEC”) with respect to the previously announced planned separation of its real estate business, which is to be named CorePoint Lodging Inc. (“CorePoint Lodging” or “CorePoint”) from its franchise and management businesses (“new…

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ServiceMaster to Spin Off Warranty Unit

ServiceMaster Global Holdings, Inc. (“ServiceMaster” or the “Company”) (SERV), a leading provider of essential residential and commercial services, today announced its intention to separate its American Home Shield (AHS) business from its Terminix and Franchise Services Group (FSG) businesses, as well as the appointment of Nikhil Varty as Chief Executive Officer of the Company and…

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CONSOL Energy Files Form 10 for Coal Spin-off

PITTSBURGH, July 11, 2017 /PRNewswire/ — CONSOL Energy Inc. (NYSE: CNX) (Company) announced today the filing of a registration statement on Form 10 with the U.S. Securities and Exchange Commission (SEC), an important milestone in the Company’s previously announced plan to separate CONSOL Energy Inc. into two publicly-traded companies: a coal company and a natural gas exploration and…

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MetLife Sets Terms for Brighthouse Spin

NEW YORK–(BUSINESS WIRE)–Jun. 29, 2017– MetLife, Inc. (NYSE: MET) today announced that its board of directors has approved the spin-off of Brighthouse Financial, subject to the U.S. Securities and Exchange Commission’s (SEC) declaration that the Brighthouse Financial, Inc. Registration Statement on Form 10 is effective. In addition, all necessary state insurance regulatory approvals have been granted. Subject to the SEC’s timely…

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Vornado Announces Record Date for JBGS Spin

NEW YORK, NY–(Marketwired – June 26, 2017) – VORNADO REALTY TRUST (NYSE: VNO) (“Vornado”) announced today that its Board of Trustees has established July 7, 2017 as the record date (the “Record Date”) for its previously announced spin-off of its subsidiary, JBG SMITH Properties (“JBG SMITH”), which will hold Vornado’s Washington, DC business, currently known…

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SEACOR Spin-Off SMHI Began Trading Ex Today

FORT LAUDERDALE, FL — (Marketwired) — 05/10/17 — SEACOR Holdings Inc. (NYSE: CKH) (“SEACOR”) and SEACOR Marine Holdings Inc. (“SEACOR Marine”) today announced the timing and details regarding the spin-off of SEACOR Marine from SEACOR. The SEACOR board of directors has declared a pro rata dividend of the shares of SEACOR Marine common stock owned…

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Pentair to Split Into Two

LONDON, May 9, 2017 /PRNewswire/ — Pentair plc (NYSE: PNR) (“Pentair”) today announced that its Board of Directors has unanimously approved a plan to separate into two independent, publicly-traded companies. Both companies will benefit from market-leading positions in their respective industries, well-recognized brands, attractive margin profiles, strong free cash flow generation and compelling growth opportunities….

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Delphi Auto to Spin-Off Powertrain Unit

GILLINGHAM, England, May 3, 2017 /PRNewswire/ — Delphi Automotive PLC (NYSE: DLPH) today announced its intention to execute a tax-free spin-off of its Powertrain Systems segment into a new, independent publicly traded company (“Powertrain”). Immediately following the transaction, which is expected to be completed by March 2018, Delphi shareholders will own shares of both companies….

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AkzoNobel to Spin Off Spec Chem Unit

Creation of two focused, high-performing businesses with sustainable growth plans Separation of Specialty Chemicals within 12 months: the vast majority of net proceeds will be returned to shareholders Increased financial guidance* for 2020: Paints and Coatings: 15% ROS, ROI >25%; Specialty Chemicals: 16% ROS, ROI >20% €1.6 billion to be returned to shareholders for 2017…

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Why Ingevity Spin-Off Quickly 2-Bagged?

I recently updated the spreadsheet in which I track spinoff pipeline and post-spin stock performance.  Next I pulled up stock charts of spins from the past 12 months: I noticed a mix of losers, winners and even some flat-liners.   But one thing becomes crystal clear in looking at these charts: A very large majority…

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