Barry Sternlicht of Starwood Capital has a long history of real estate success. Nearly two decades ago, he built Starwood Hotels(HOT) from scratch into one of the world’s largest hotel companies. More recently, as Chairman and CEO of Starwood Propert Trust(STWD) he has assembled the country’s largest commercial mortgage REIT. The firm has financed...
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Canadian Tire Corporation(CTC-A) announced plans yesterday to spin off its real estate as a REIT. The company anticipates selling 10-20% of the new REIT in an IPO this fall, and retaining the rest. The new REIT will have approximately 18 million square feet of real estate valued at approximately C$3.5 billion. The company has...
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Spinoff talk has surrounded Pfizer (PFE) for some time now following a business unit review a couple of years ago. That ultimately led to the sale of its nutritional unit and the successful IPO of ~20% of its animal health business, Zoetis (ZTS) earlier this year. Investors have been hoping for something bigger though,...
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Barry Sternlicht of Starwood Capital has a long history of real estate success. Nearly...
Canadian Tire Corporation(CTC-A) announced plans yesterday to spin off its real estate as a...
Spinoff talk has surrounded Pfizer (PFE) for some time now following a business unit...
It’s official folks. Valero (VLO) completed the spinoff of CST Brands (CST) and the company...
Well that didn’t take long to get back on track. After shareholders overwhelmingly approved...
News of Nelson Peltz’s Trian Fund Management ridding itself of all Kraft related positions...
When discussing spinoffs, analysts often toss in a comment about how the new slimmed...
In 2007, it was all smiles as Peabody Energy(BTU) spun off Patriot Coal(PCXCQ). But...
In 2006, Sara Lee, now Hilshire Farm(HSH), loaded up HanesBrands(HBI) with lots of debt...
We love all our posts equally, really we do. It’s just that some posts...
Thanks to several alert readers who point out that, while we were asleep at...
Investors who have long been anticipating Valero’s(VLO) spinoff of retail division CST Brands(CST) won’t...
In December, Harvard Bioscience(HBIO) filed for an IPO of Harvard Apparatus Regenerative Technologies(HART). Last...
A quarter has passed since its spinoff from Elan(ELN), and Prothena(PRTA) continues to lumber...
In 2006, Verizon(VZ), spun off its declining directory business as Idearc, saddled with billions...
