Month: November 2016

Time, Inc. To Embrace Or Time, Inc. To Refrain From Embracing?

To everything there is a season, and the season for magazines has passed and will not return.  In the summer of 2014, Time Warner(TWX) spun off Time, Inc.(TIME), its magazine publishing division.  Joe Ripp, the CEO who presided over the spinoff, valiantly tried to cut costs and move to digital, but his efforts fell short. This summer, he… Read More »

Keeping Up With The Jones Act- OSG To Complete International Seaways Spinoff On November 30

Overseas Shipholding Group(OSG) is in the process of spinning off its International Flag business, International Seaways. On November 30, OSG shareholders will receive 0.3333 shares of International Seaways common stock for each share of OSG held on November 18. In addition, holders of OSG warrants will receive approximately .06332  shares per warrant held. International Seaways, which is already trading… Read More »

Alcoa Completes Its Spinoff From Newly Renamed Arconic

On November 1, Alcoa(AA) completed its spinoff from the former Alcoa, now named Arconic(ARNC).  The new Alcoa is “is a globally cost-competitive industry leader in bauxite, alumina and aluminum products, positioned to succeed throughout the market cycle.” “We are launching Alcoa Corporation as a world leader in the aluminum industry with distinct competitive advantages across the value chain,”… Read More »