Spinoffs & Takeovers Hotline – Friday, January 28, 2022

SOLID POWER INC., $5.98, symbol SLDP on Nasdaq, is developing what it sees as a state-of-the-art, all-solid-state rechargeable battery aimed primarily at electric vehicles (EVs).

Colorado-based Solid Power’s technology aims to replace the flammable liquid electrolyte in a conventional lithium-ion battery with an exclusive sulfide-based solid… Read More

We see both spinoff and parent as buys

On August 3, 2021, L Brands (old New York symbol LB) broke itself up into two separate, publicly traded companies: Victoria’s Secret stores (which sell lingerie); and Bath & Body Works outlets (personal-care products, including soaps and shampoos).
Investors received one new share of Victoria’s Secret… Read More

L Brands opts for spinoff over sale

L BRANDS INC., $66 is a spinoff buy. The merchant (New York symbol LB; Consumer sector; Shares outstanding: 277.8 million; Market cap: $18.3 billion; Dividend yield: 0.9%; Takeover Target Rating: Medium; www.lb.com) owns two retail chains: Victoria’s Secret stores (which sell lingerie); and Bath &… Read More

Bakery sale unlocks Weston’s value

Holding companies often own a variety of unrelated businesses. As a result the shares of those complex companies tend to trade for less than the value of their assets.
One of the best ways to reduce or eliminate this “holding company discount” is for the firm… Read More

Both these spinoffs are up for investors

As we often remind readers that spinoffs are a great way for companies to unlock value for investors. A recent spinoff, Trane Technologies, has recovered most of its COVID-19-induced losses and is ready to move even higher. Shares of retailer L Brands have also jumped… Read More