spin off
PERRIGO CO. PLC $44 (New York symbol PRGO, Manufacturing sector; Shares outstanding: 136.0 million; Market cap: $7.0 billion; Dividend yield: 1.0%; Takeover Target Rating: Medium; www.perrigo.com) took its current form in June 2013 when it merged with Irish-based drug maker Elan Corporation, plc....
Updating Pengrowth Energy Corp., Home Capital Group Inc. and SNC-Lavalin Group Inc.
Look beyond the “hot” IPOs listed in Canadian stock market news and look for the less noticeable spinoffs to increase the potential for profitable investing
SNC-LAVALIN GROUP INC. $27 (Toronto symbol SNC; Manufacturing & Industry sector; Shares o/s: 175.6 million; Market cap: $4.7 billion; Dividend yield: 1.5%; Takeover Target Rating: Medium; www.snclavalin.com) is a leading Canadian engineering and construction company that specializes in large-scale infrastructure projects such as roads, bridges, transit systems and water-treatment plants.
SNC’s revenue rose 16.4%, from $8.24 billion in 2014 to $9.59 billion in 2015....
SNC’s revenue rose 16.4%, from $8.24 billion in 2014 to $9.59 billion in 2015....
MADISON SQUARE GARDEN CO. $302 (New York symbol MSG; Shares outstanding: 23.7 million; Market cap: $7.2 billion; No dividend paid; Takeover Target Rating: Lowest; www.msg.com) is a sports and entertainment company that owns the New York Rangers hockey team, the NBA’s New York Knicks and several other sports franchises....
Power and Profits of Energy Stocks has 35 tips on how to uncover tomorrow’s best energy stocks, insights on the future of renewable energy, how technology is changing the industry, and much more.
UNITED TECHNOLOGIES CORP. $140 (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 862.3 million; Market cap: $120.7 billion; Price-to-sales ratio: 1.8; Dividend yield: 2.1%; TSINetwork Rating: Above Average; www.utc.com) completed its acquisition of Rockwell Collins on November 26, 2018, for $30.6 billion in cash and stock (including that firm’s debt)....
Our Spinoffs, Takeovers and Special Situations newsletter focuses on the three types of investment opportunities in its name. Huntsman and Danaher were two of our earliest recommendations in the Spinoffs area. Each had just completed a spinoff of a smaller business.
In July 2016, Danaher handed out 100% the shares in its Fortive subsidiary to its own shareholders, as a special dividend....
In July 2016, Danaher handed out 100% the shares in its Fortive subsidiary to its own shareholders, as a special dividend....