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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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....
In late 2016, three of our long-time recommendations (Alcoa, Conagra and Yum Brands) each set up a part of its business as a separate company. Each then handed its investors shares in the new company.
Studies have shown that these new firms (called spinoffs) and their former parents tend to outperform groups of comparable stocks for several years....
Studies have shown that these new firms (called spinoffs) and their former parents tend to outperform groups of comparable stocks for several years....
PROCTER & GAMBLE CO. $91 (New York symbol PG; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 2.7 billion; Market cap: $245.7 billion; Price-to-sales ratio: 3.6; Dividend yield: 2.9%; TSINetwork Rating: Above Average; www.pg.com) is one of the world’s largest makers of household and personal-care goods....
FIRSTSERVICE CORP. $65.03 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 34.7 million; Market cap: $2.3 billion; Dividend yield: 0.9%) set up its commercial real estate business, Colliers International Group, as a separate company on June 1, 2015.
Since the spinoff, FirstService has carried on with its residential property management and its commercial and residential property improvement services.
In the third quarter, ended September 30, 2016, the company’s revenue rose 17.0%, to $409.1 million from $349.5 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 third quarter, ended September 30, 2016, the company’s revenue rose 17.0%, to $409.1 million from $349.5 million a year earlier (all figures except share price in U.S....