Author Archives: Inelegant Investor
Vivani Medical (NASDAQ: VANI) has hit an unusual snag in its planned spinoff of Cortigent, a neuromodulation subsidiary expected to trade on Nasdaq under the ticker CRGT. The company initially announced a record date of October 8, 2025, but later withdrew it on October 3, blaming delays related to the ongoing U.S. federal government shutdown. It is rare… Read More »
Another round of round the world spinoff news worth highlighting — from Germany to Canada to the auto sector. Siemens (SIEGY) Weighs Unusual Plan for Healthineers Stake Siemens AG (OTC: SIEGY) is reportedly exploring a separation of its ~71% stake in Siemens Healthineers (SHL.DE). Instead of a traditional carveout IPO or straightforward spinoff, Siemens is said to be… Read More »
Honeywell Sets Record Date and Distribution Details for Solstice Spinoff In August, we covered Honeywell’s (HON) ambitious three-way breakup plan. The restructuring will occur in two stages: first, the separation of Solstice Advanced Materials, followed next year by the split of Aerospace and Automation. Honeywell’s board has now approved the Solstice spinoff, and the key details are finally… Read More »
AnaptysBio (ANAB) announced on Monday, September 29, 2025 that it plans to spinoff its biopharma programs from its royalty and milestone assets by the end of 2026. Investors cheered the move: AnaptysBio stock is up more than 30% to around $31.75 on heavy volume. According to the press release, the transaction would create two independent companies: A royalty… Read More »
Another week, some more odds and ends. More ends than odds, as two spinoff record date announcements mean we are close to completion on a few spinoffs DuPont Announces Record Date For Qnity Spinoff As we recently wrote about, DuPont(DD) will be spinning off its Qnity Electronics business, targeting a November 1 distribution date. The tax-free spinoff will… Read More »
Kenvue (KVUE), the Johnson & Johnson(JNJ) consumer health spinoff, fell to an all-time low this week after President Trump and Health Secretary Robert F. Kennedy Jr. suggested that Tylenol use during pregnancy could cause autism. The FDA and leading medical experts immediately dismissed the claims, but the stock still tumbled more than 7% intraday before clawing back some… Read More »
It seems that every corporate giant eventually reaches the moment when slimming down looks more attractive than bulking up. S&P Global (SPGI), long one of the purest “picks-and-shovels” businesses in financial markets, has now decided its sprawling house is just a little too cluttered. The company announced in late April that it will spin off its Mobility division… Read More »
Qnity: Electric Charge Unity Spinoff In a brief interlude of posting this past January, we wrote about the Qnity spinoff from DuPont (DD). Of course, at the time, the electronics spinoff had not been named, so this is our first opportunity to discuss the name, Qnity. What does it mean? The company says: What’s the meaning behind our… Read More »
As we discussed previously, Continental AG(CTTAY) completed its spinoff of AUMOVIO and shares began trading in Frankfurt today. AUMOVIO is an automotive behemoth with nearly 20 Billion Euro in annual sales. The company has no debt and 1.5 Billion Euro in cash. AUMOVIO hopes to increase its adjusted EBIT margin from 2.7% in the first half of 2025… Read More »
It’s been a few years, but here’s a new Spinoff Odds & Ends post, bringing you spinoff news that just doesn’t warrant its own article. Unilever’s Ice Cream Headache: Ben & Jerry’s vs. Magnum We have discussed Unilever’s(UL) The Magnum Ice Cream Company spinoff. They haven’t said so, but one of the reasons may be the untenable position… Read More »
Faraday Future: A Car Company Or a Hobby This is going to be a fun one. Faraday Future(FFAI) is putatively a car manufacturer, or , as they call it a “global shared intelligent electric mobility ecosystem company.” They have released a single model, the FF 91, of which they have sold 16 since its 2023 introduction. Yes, just… Read More »
Corteva Reportedly Planning Pesticides Spinoff — Undoing DowDuPont’s “Most Complicated Action” The “most complicated action in corporate history” may be on the verge of getting still more complicated. Back in 2019, DowDuPont completed the spinoff of Corteva(CTVA). That deal was the culmination of a frenetic few years of corporate machinations. Dow and DuPont merged, shuffled businesses around, then… Read More »
Warner Bros Discovery (WBD) stock surged ~28% today after reports broke that Paramount Skydance(PSKY)(via David Ellison and the Ellison family) is preparing a bid to acquire WBD outright. If the bid moves forward, it could derail WBD’s plan to spin off its cable/linear networks business announced just a few months ago. Warner Brothers Spinoff Plan Under Threat WBD… Read More »
thyssenkrupp Spinoffs: Much ado about nothing thyssenkrupp AG (TKAMY) is not a stranger to these pages. In the past, we wrote about both a stainless steel spinoff(all the way back in 2011), which didn’t spinoff as the division was instead sold to Finnish competitor Outokumpu , and the elevators spinoff which was also cancelled in favor of a… Read More »
New Guide: Reverse Morris Trusts Explained Earlier today we published something a little different: a deep dive into the Reverse Morris Trust (RMT) — the complex structure companies use when they want to sell a business unit tax-free. We’ve covered individual RMT deals before — from CBS Radio and Entercom to GE’s troubled spin with Wabtec — but… Read More »