First And Foremost- Foremost Clean Energy To Spin Off Rio Grande Resources On January 30

Like most would-be mining companies, Foremost Clean Energy(FMST) claims a large array of very promising prospects. A recent investor presentation touts the potentially valuable uranium and lithium deposits that the company has rights to. On January 30, 2025, this nanocap with a market cap of less than $18 million, will complete the spinoff of its gold and silver… Read More »

Diageo Considering Spinoff Of Guinness Beer(Diageo Denies Reports)

UPDATE(1/27/25): Apparently the “people familiar” with the situation were less familiar than they thought. Diageo denied any plan to sell Guinness. The UK distiller said it was responding to reports over Guinness and its 34% stake in Moet Hennessy, luxury-goods conglomerate LVMH’s drinks division. “We can confirm that we have no intention to sell either,” it said in a… Read More »

Aptiv(APTV) To Spinoff Electrical Distribution Systems(EDS)

So my editor put the assignment on my desk- write about Aptiv(APTV)’s announcement of its plan to spin off its Electrical Distribution Systems business.  It seemed boring and straightforward enough. Nothing was ringing a bell and I started to doze off at the thought of Electrical Distribution Systems. Based in SCHAFFHAUSEN, Switzerland- is that even a real place?… Read More »

FedEx Freight Spinoff The FedEx Outside Is Freightful- Let It Spin, Let It Spin, Let It Spin

In 1965, a Yale student named Fredrick Smith wrote a business plan for a term paper. Legend has it that, Smith, a friend of both John Kerry and George W. Bush at Yale, received a C on the paper. Six years later, following meritorious military service as a Marine, Smith took that business plan and, using his significant… Read More »

DuPont Spinoff Shuffling Leaves My Head Spinning- Anything But Simple

Dupont Spinoff. Something we have written about many times over the years. We have a good excuse. We must keep writing about them, because they keep spinning off. DuPont, officially known as DuPont de Nemours, Inc, will likely eventually spin itself into oblivion, like other reapeat spinners Tyco and Sara Lee. Ed Breen The Spinoff King If we… Read More »

ANGI to Fully Separate From IAC- ANGI Spinoff To Take Place In H1 2025

Angi Spinoff From IAC IAC(IAC) had high hopes when it acquired what was then Angie’s List in 2017 and merged it with its HomeAdvisor unit. The new company, then named ANGI Homeservices, remained publicly traded under the ANGI ticker, though controlled fully by IAC. There were high hopes then, but they haven’t panned out. With the stock down… Read More »

Comcast Will Announce Spinoff Of NBCU Cable Networks Imminently, WSJ Reports

Comcast(CMCSA), the second largest cable tv company by subscribers in the US will be announcing the spin off of its NBCU cable networks as soon as tomorrow, the WSJ reports. We believe this to be Comcast’s first spinoff, though much of its footprint came from AT&T(T) spinoff AT&T Broadband. AT&T Broadband was itself a combination of MediaOne(a spinoff… Read More »

Alibaba’s Planned Cloud Spinoff Disappears In A Cloud Of Smoke

Not for the first time, Alibaba(BABA) graces our pages with news of a cancelled spinoff. Back in 2015, it was Yahoo’s planned spinoff of Aabaco Holdings that was cancelled, due, in large part, to IRS opposition to the transaction being tax free. Aabaco would have been a vehicle to take Yahoo’s valuable Alibaba stake and move it into… Read More »

Painting a Beautiful Mural: Alkermes Completes Spinoff Of Mural Oncology

With a goal of becoming “a pure-play, profitable neuroscience company”, on November 15, Alkermes(ALKS) spun off its oncology business as Mural Oncology(MURA). In the tax free spinoff, Alkermes shareholders as of November 6 received one share of Mural for every ten shares owned. According to BioPharma Dive, the $275 million in cash that Mural has to start with… Read More »

Novartis Spinoff Of Sandoz Generic And Biosimilars Business Set For October 4

Novartis (NVS) is not new to these hallowed pages. Longtime readers (and we appreciate you not pointing out our long absence) will recall that Novartis spun off Alcon(ALC) in April 2019. Last week, however, Novartis completed one of the final steps in its upcoming Sandoz(SDZ) spinoff.  At a (fairly ordinary) extraordinary shareholder meeting on September 15, 2023, Novartis… Read More »

By The Power In Vestis In Me – Aramark Set To Spin Off Uniform And Workplace Supplies Business As Vestis on September 30

Foodservice giant Aramark (ARMK) announced that its Board has approved the spin off of its Uniform and Workplace Supplies business, to be named Vestis (VSTS). Shareholders of Aramark as of September 20th will receive one share of Vestis for every two shares of Aramark owned. The transaction will be completed on September 30, 2023, with the first day… Read More »

UBS Rejects Spinoff And Keeping Credit Suisse’s Domestic Banking Assets In-House

The USA was in the grips of a full blown banking crisis just six months ago. Runs of never before seen magnitude on Silicon Valley Bank, First Republic and others led to a crisis of confidence in our regional banks. The news cycle moves on though and all of that seems forgotten now. Interestingly, one of the largest… Read More »