Community Health Systems’ (CYH) board of directors gave the formal go ahead to the spinoff of its regional hospital network, Quorum Health (QHC). The spinoff will take place on April 29th and CYH shareholders as of April 22nd should receive one share of Quorum for every 4 CYH shares owned. The new company will trade under the ticker ‘QHC’.… Read More »
Gannett (GCI) strikes again and it has another print spinoff in its crosshairs. After scooping up the Journal Media Group back in October, the company, which spun off its digital properties into TEGNA (TGNA), is now going after Tribune Publishing (TPUB), the 2014 print spinoff from Tribune Media. That is a lot of spinoff on spinoff M&A. Gannett’s all-cash… Read More »
Harvard Apparatus Regenerative Technology(HART) announced that it has changed its name to Biostage, effective April 1. It will now trade under the BSTG symbol. The company was spun off by Harvard Bioscience(HBIO) in November 2013. Why change the name? The name change reflects the company’s broad commitment and expertise in pioneering the development of bioengineered organ implants for… Read More »
As we’ve discussed previously, Nuvectra(NVTR) has jumped around quite a lot since its March 14 spinoff from Greatbatch(GB). Yesterday was big up day for Nuvectra which close up 18.12%, to $5.41. This coincided with the company releasing an investor presentation, the first communication it has had with shareholders since it gained its independence. The presentation addresses the size… Read More »