spinoffs
A spinoff takes place when a company decides to get rid of a portion of its asset base, possibly because it wants to focus its activities elsewhere, but is unable to sell the assets for a price that it feels reflects their value. Instead, the parent company sets the assets up as a separate company, then hands out shares in that publicly listed firm to its current investors.
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Activist investors have a long history of pressuring large firms to boost shareholder value by spinning off businesses and aggressively cutting costs.
For example, Nelson Peltz, through his firm Trian Partners, has now targeted two of our long-term recommendations: General Electric and Procter & Gamble....
For example, Nelson Peltz, through his firm Trian Partners, has now targeted two of our long-term recommendations: General Electric and Procter & Gamble....
Study after study has shown that after an adjustment period of a few months, spinoffs tend to outperform groups of comparable stocks for several years.
One reason for the gap is that spinoffs often attract takeover bids. Here’s a look at some of the key factors that enhance a spinoff’s takeover appeal....
One reason for the gap is that spinoffs often attract takeover bids. Here’s a look at some of the key factors that enhance a spinoff’s takeover appeal....
The first issue of Spinoffs, Takeovers & Special Situations will be sent to you on September 15, 2017
Congratulations and thank you for your new purchase of Spinoffs, Takeovers & Special Situations.You are among the first to become a subscriber to this one-of-a-kind investment advisory....
Congratulations and thank you for your new purchase of Spinoffs, Takeovers & Special Situations.You are among the first to become a subscriber to this one-of-a-kind investment advisory....
A: Less than two years after agreeing to merge, Dow Chemical and DuPont have received all regulatory approvals, with the combined company now trading on the New York exchange as DowDuPont, $68.50, symbol DWDP (Shares outstanding: 1.2 billion; Market cap: $155.2 billion; www.dow-dupont.com).
To satisfy regulators concerned about the possibility of anti-competitive behaviour after the merger, Dow and DuPont each had to sell certain assets.
DuPont was forced to divest itself of its market-leading Finesse herbicide and Rynaxpyr insecticide products; it sold them to a buyer approved by the U.S....
To satisfy regulators concerned about the possibility of anti-competitive behaviour after the merger, Dow and DuPont each had to sell certain assets.
DuPont was forced to divest itself of its market-leading Finesse herbicide and Rynaxpyr insecticide products; it sold them to a buyer approved by the U.S....
A: Procter & Gamble Co., $92.60, symbol PG on New York (Shares outstanding: 2.6 billion; Market cap: $240.8 billion; www.pg.com), is a recommendation of our Wall Street Stock Forecaster newsletter.
The company is one of the world’s largest makers of household and personal-care goods....
The company is one of the world’s largest makers of household and personal-care goods....
FIRSTSERVICE CORP. $80.66 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 34.6 million; Market cap: $2.9 billion; Dividend yield: 0.8%) spun off its commercial real estate business, Colliers International Group, on June 1, 2015, and handed out shares to its investors.
Since the spinoff, FirstService has carried on with residential property management and its property improvement services for commercial and residential real estate.
In the second quarter, ended June 30, 2017, the company’s revenue rose 12.9%, to $434.9 million from $385.1 million a year earlier (all figures except share price in U.S....
Since the spinoff, FirstService has carried on with residential property management and its property improvement services for commercial and residential real estate.
In the second quarter, ended June 30, 2017, the company’s revenue rose 12.9%, to $434.9 million from $385.1 million a year earlier (all figures except share price in U.S....
Stock spinoffs can become some of the biggest undervalued stocks in the market
FIRSTSERVICE CORP. $82.87 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 34.6 million; Market cap: $3.0 billion; Dividend yield: 0.8%) spun off its commercial real estate business, Colliers International Group, on June 1, 2015, and handed out shares to its investors.
Since the spinoff, FirstService has carried on with its residential property management and its commercial and residential property improvement services.
In the first quarter, ended March 31, 2017, the company’s revenue rose 22.2%, to $376.0 million from $307.6 million a year earlier (all figures except share price in U.S....
Since the spinoff, FirstService has carried on with its residential property management and its commercial and residential property improvement services.
In the first quarter, ended March 31, 2017, the company’s revenue rose 22.2%, to $376.0 million from $307.6 million a year earlier (all figures except share price in U.S....
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BLACKBERRY LTD., $11.52, Toronto symbol BB, provides wireless communication services, mainly to businesses and government agencies.
The stock jumped 12% this week after an arbitrator awarded the company $814.9 million U.S....
Dear Inner Circle member,
Investors often try to improve their investment returns by delving into high-risk and/or high-fee investment areas such as specialized investment products, options, penny stocks and so on. Far better to start off by putting yourself in a position to profit from human nature, rather than suffering because of it, as you often do in high-risk investing....
Investors often try to improve their investment returns by delving into high-risk and/or high-fee investment areas such as specialized investment products, options, penny stocks and so on. Far better to start off by putting yourself in a position to profit from human nature, rather than suffering because of it, as you often do in high-risk investing....