Cleaning Up The Tables: Xperi & Adeia, Nielsen sold off and Merck & Organon

This site took a lengthy hiatus after Covid struck leaving our tables of ‘Upcoming’ and ‘Recent’ Spinoffs quite stale. I am sure this has been quite the disappointment to our readers and we do hate to disappoint! As we slowly turn the engines back on here, we will try to clean up the tables and fill in the… Read More »

Spinoff Roundup: SharkNinja, Worthington and Disney

Sharing a few links Yet Another Value Blog shares his thoughts (again and again and again) on the SharkNinja (SN) spinoff in a three part series (here, here and here). I think Barron’s might take umbrage with his statement that it wasn’t covered! Flyover Stocks takes an in depth look at the upcoming Worthington (WOR) spinoff Kiplinger discusses… Read More »

UBS Rejects Spinoff And Keeping Credit Suisse’s Domestic Banking Assets In-House

The USA was in the grips of a full blown banking crisis just six months ago. Runs of never before seen magnitude on Silicon Valley Bank, First Republic and others led to a crisis of confidence in our regional banks. The news cycle moves on though and all of that seems forgotten now. Interestingly, one of the largest… Read More »

Party Over! Authentic Restaurant Brands Acquiring Fiesta Restaurant Group

Fiesta Restaurant Group (FRGI), the parent company of Pollo Tropical restaurant brand, has reached a definitive agreement to be acquired by Authentic Restaurant Brands (ARB), a portfolio company of PE firm Garnett Station Partners. ARB is a holding company with a portfolio of food & beverage brands including P.J. Whelihan’s, Primanti Bros. and Mambo Seafood. Quite a diversified… Read More »

More M&A: Seacor Holdings and QEP Resources the latest targets

It’s been a while since we last wrote and let’s just say that 2020 has been a rough year. On that note, we sincerely hope our readers are all safe and healthy. Back to business and it’s time to play catch up again… Despite a slowdown during the depths of the crisis, M&A activity picked up as 2020… Read More »

Spinoff Odds & Ends: Graham, Noble Corp, Liberty Rights Offerings

It’s time for another edition of Odds & Ends where we share some random articles and pieces that we have been reading… 1. Barron’s is bullish on ‘small-scale conglomerate’ Graham Holdings (GHC) and thinks it’s sorely undervalued on a sum of the parts basis. Although the stock is up about 17% from the date of publishing to ~$423,… Read More »

The Great American Outdoors? Smith & Wesson Spinoff Of American Outdoors Set for August 24th

Smith & Wesson (SWBI) announced the final details of the tax free spinoff of its outdoors and accessories business, American Outdoor Brands. The transaction was approved by its board of directors and on August 24th, shareholders as of August 10th will receive one share of American Outdoors for every four shares of Smith & Wesson owned. The new… Read More »

Spinoff Odds & Ends: Ferrari leadership, ADT & Google, Varian takeout

It’s time for another edition of Odds & Ends where we share some random articles and pieces that we have been reading… 1. Harvard Business School touts Ferrari’s (RACE) exemplary leadership prior to the coronavirus crisis. Some good lessons in there and kudos to Chairman John Elkann and CEO Louis Camilleri for their strong leadership and foresight. Ferrari… Read More »

Sanofi(SNY) To Spin Off Active Pharmaceutical Ingredients Business

With coronavirus beginning its worldwide spread in February, France’s Sanofi (SNY) revealed plans to spin off its active pharmaceutical ingredients (API) business into a standalone company. For the sake of layman like us, APIs are the ‘magic’ molecules that make drugs work and according to Sanofi, the vast majority of APIs are currently manufactured in Asia (ex China… Read More »

Community Health Systems Spinoff Quorum Health Emerges From Chapter 11

Business is tough right now, including for some recent spinoffs. While California Resources Corporation was missing interest payments at the end of June, 2016 rural hospital spinoff Quorum Health was just emerging from Chapter 11. The company had been shrinking even prior to coronavirus and it was even forced to shutter and sell off numerous hospitals. From the… Read More »

Spinoff Odds & Ends: Kontoor Brands, thyssenkrupp says goodbye to elevators

Time for another edition of Odds & Ends… 1. Yet Another Value Blog has a follow up piece to its initial recommendation of Kontoor Brands (KTB), the 2019 jeans spinoff from VF Corp (VFC). The company initially recovered from the usual post-spin dynamics, but has been hit especially hard this year. Interestingly, according to YAVB one reason is… Read More »

CRC Restructures, Shares Will Be Worthless. Will OXY Get Sued?

The saga surrounding California Resources Corporation (CRC) finally reached a conclusion last week with the company agreeing to a pre-arranged Chapter 11 package with its creditors. As we have previously reported, the company missed a few recent interest payments beginning the seemingly inevitable slide into bankruptcy. CRC negotiated a forbearance agreement (along with several extensions) while working the… Read More »

Spinoffs From Gabelli, Cohen At Barron’s Midyear Roundtable

Highlighting the Barron’s Roundtable’s spinoff picks is always one of our most popular pieces every year. Sadly, we missed it earlier this year, but Barron’s does publish a midyear check in every July. It’s not as comprehensive as the beginning of the year Roundtable gathering, but it still features some talk about the economy, predictions for the market… Read More »

California Resources Corporation Buys Some Additional Time With Another Forbearance, But Bankruptcy Looms

Another deadline and another forbearance extension for California Resources Corporation (CRC). For at least the third time over the past month the California based oil producer (and OXY spinoff) was able to buy some additional time from its lenders on its missed interest payments. The new deadline is now July 12th…a mere four days later. The forbearance periods… Read More »

Spinoff Odds & Ends: MSG, CRC update and catching up on some old news

It’s been a little over 10 months since the last Odds & Ends so the time is right to bring this fan favorite back. 1. Yet Another Value Blog recently posted a lengthy, in depth series analyzing the media industry. The most recent edition – another great read – is focused on sports rights and sports investing. The… Read More »