Corporate Spinoff Monthly Roundup – January 2019

Based on reader suggestions we are going to try something new this month. We update our tables as new information is released, but we recognize that not everyone is constantly hitting refresh in order to see when a distribution date might get posted (please do so in the future though). Going forward, at the end of every month we will update this post to show recent activity and immediately upcoming spinoffs to help focus your activities:

Spinoffs Completed Prior Month

None

Spinoffs Set For Coming Month

1. February 7th – Henry Schein (HSIC) will spin off its animal health business and merge it with Vets First Choice to create Covetrus, which will trade under the ticker CVET. This will be a Reverse Morris Trust transaction.
2. February 25th – Generex Biotechnology (GNBT) will distribute shares of NuGenerex ImmunoOncology. The new company’s hope is to advance its namesake technology and develop an immunotherapy and personalized medicine portfolio.
3. End of February – GE (GE) will spin off GE Transportation and merge it into Wabtec (WAB). The spinoff was going to be via Reverse Morris Trust transaction, but, due to recent changes in the deal, will instead be taxable to GE shareholders who will end up owning a minority stake in the combined entity.

Check out our ‘Upcoming Spinoffs’ table for a more complete picture of what is to come.

Please let us know if we missed anything and whether or not you found this helpful. Depending on the response, we will continue this monthly and potentially add more material.

Disclosure: Author holds no position in any stock listed.