We’ve written here previously about the possibility of embattled bookseller Barnes & Noble(BKS) spinning off its Nook business. We’ve written elsewhere about the turnaround at Microsoft(MSFT). Today, both stories collide in an explosive way. The two companies will create a joint venture to which Barnes & Noble will contribute its Digital and College businesses,...
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In a pattern we have seen over and over, just months after simplifying its business by spinning off Suncoke(SXC), Sunoco(SUN) will be purchased by Energy Transfer Partners(ETP) in a deal announced this morning. This combination will create one of the largest and most diversified energy partnerships in the country by expanding ETP’s geographic footprint...
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MeadWestvaco(MWV) announced this morning that shareholders as of April 24, will receive .32986547 shares of ACCO Brands(ABD) on May 1, following the spinoff of the company’s Consumer & Office Products Business, and its subsequent merger with ACCO. Concurrent with the merger, ACCO will change its ticker from ABD to ACCO. The transaction is a...
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L-3 Communications(LLL) affirmed in today’s first quarter earnings release that it is moving forward with its plan to spin off Engility. With our filing of the Engility initial registration statement, the spin-off of those businesses should occur around mid-year, and we continue to believe that this will unlock opportunity and value for both companies....
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After a little drama, Galena Biopharma (GALE) will pay out a dividend of one share of Rxi Pharmaceutical for every share of GALE owned. The dividend is being paid out at the close of business today to shareholders as of the April 23rd record date. The new company will trade OTC under the ticker...
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