Month: June 2015

Johnson Controls Explores Separation Of Automotive Unit

Though the majority of Johnson Controls(JCI) revenue derives from its automotive business, there has long been talk of spinning off the unit.  Yesterday, the company announced that “it is exploring strategic options for the separation of its automotive business”.  Of course, you know which strategic option we are rooting for. “Today’s announcement continues our strategy of proactive portfolio… Read More »

DuPont Stops Sticking To Teflon, Sets July 1 For Debt-Laden, Litigation-Challenged Chemours Spin

DuPont(DD) has not been lacking in drama, with a famously noisy battle with activist Nelson Peltz.  The company is now in the final stretch of its spinoff of Chemours, with a date and ratio set.  The stock will be distributed on July 1 to shareholders as of June 23. Shareholders will receive one share of Chemours for every… Read More »