Earlier this week, I wrote about TOP Ships (TOPS) spinoff of Rubico (RUBI). At the time, shareholders were in limbo as while the ex-distribution date had been set as June 16, 2025, the distribution date had not been set. The company merely had suggested it would be in July. TOP missed that projection, by one day, announcing this… Read More »
Warner Brothers Discovery (WBD) has announced plans to split into two standalone, publicly traded companies by mid‑2026, separating its Streaming & Studios division (Warner Bros. Pictures, HBO, HBO Max, DC, and gaming) from its Global Networks division (CNN, TNT, TBS, Discovery Channel, HGTV, and more). The split will be tax-free to shareholders and will result in the… Read More »
TOP Ships Inc. (TOPS) announced that it would be spinning off Rubico Inc. into its own public company in July 2025, Rubico now officially owns two modern Suezmax tankers, providing investors with a clean, asset-backed entry into the marine energy infrastructure sector. Of course, a distribution date has still not been announced, and July is almost over, but… Read More »
Holcim(HCMLY) has officially cemented a new chapter in its corporate strategy, spinning off its North American arm as Amrize(AMRZ) on June 23, 2025, via a 100% dividend‑in‑kind distribution — Holcim shareholders received one share of Amrize for each Holcim share they held (Reuters). This landmark transaction, the largest spinoff of 2025 so far, unveiled a standalone building… Read More »
It’s a bird! It’s a plane! It’s a Liberty Broadband spinoff. Liberty Broadband (LBRDA) quietly completed another chapter in the John Malone spinoff saga this month, distributing shares of GCI Liberty(GLIBA)—a standalone Alaskan telecom provider—on July 14, 2025, to shareholders of record as of June 20. The transaction, which had been in the works for several quarters, marks… Read More »
Kraft Heinz (KHC) is reportedly preparing to spin off a large portion of its grocery brands—including Kraft, Oscar Mayer, Jell‑O, and Lunchables—into a standalone public company valued at up to $20 billion. The move would mark another dramatic restructuring in the food giant’s long history of breakups and mergers, and it could significantly reshape the packaged food industry… Read More »
Becton, Dickinson and Company (BDX) is poised to spin off its Biosciences & Diagnostic Solutions business—then merge it with Waters Corporation(WAT) in a reverse Morris Trust transaction valuing the deal at approximately $17.5 billion (Becton, Dickinson and Company). 📊 Key Deal Metrics & Structure Metric Details 2025 Pro Forma Sales ~$6.5 B combined revenues 2025 Pro Forma Adjusted EBITDA ~$2.0 B… Read More »