Lots Of Options – Harvard Bioscience Further Details Its Executive Comp

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Harvard Bioscience (HBIO) recently completed the spinoff of its regenerative medicine device subsidiary, Harvard Apparatus Regenerative Technologies (HART). As we previously noted, the parent’s CEO and other top management moved to the spinco, creating a leadership void. The posts have since been filled and the company recently announced the details of some further ‘inducement grants’ for its new management team. Here… Read More »

Ingersoll-Rand Completes Allegion Spinoff

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Ingersoll-Rand (IR) completed the spinoff of its commercial and residential security business, Allegion (ALLE). The new company started trading today on the NYSE and IR shareholders should have received 1 share of ALLE for every 3 shares of IR owned. The new company is expected to have revenues of over $2b and EBITDA of over $400m. For much… Read More »

Zoetis Chief Alaix Talks Spinoff, Animal Health Business With WSJ

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The WSJ publishes a weekly column titled ‘Boss Talk’ where it picks the brain of CEOs and other top brass from big companies. A few weeks ago the paper spoke with Mike Petters, CEO of Huntington Ingalls (HII), a spinoff from Northrop Grumman (NOC). This week the paper sat down with Juan Ramon Alaix, CEO of Zoetis (ZTS),… Read More »

National Oilwell Varco Details Post-Spin Succession Plan

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National Oilwell Varco (NOV) recently announced plans to spin off its distribution business to shareholders sometime in the first half of next year. Its MRO business won’t be the only thing leaving the company though, as current Chairman and CEO Merill ‘Pete’ Miller will be stepping down from his post and joining the new company as Executive Chairman.… Read More »

Ingersoll Rand Sets Allegion Spinoff For December

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It’s almost go time for Ingersoll Rand’s (IR) spinoff of Allegion, its commercial and residential security business. Shareholders will receive one share of Allegion for every 3 shares of IR owned with the distribution taking place on December 1st to shareholders as of the November 22nd record date. The new company will trade on the NYSE under the… Read More »

Right Call On Rightside – Demand Media Officially Announces Spinco Name and Leadership

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We recently highlighted a piece from DomainNameWire.com speculating that Demand Media’s (DMD) upcoming domain registration spinoff would be named Rightside. It turns out their sleuthing was on the money, as the company formally announced the new name as Rightside last week. The ‘Rightside’ in this case represents ‘everything to the right of the dot – and beyond.’ Clever, but was… Read More »

Orora Borealis – Amcor Provides Updates On Its Demerger

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Amcor Limited (AMCRY) recently held its Annual General Meeting (AGM) and not surprisingly there was a lot of talk about the planned demerger of its Australasia Packaging and Distribution business, which will be named Orora. In fact, both company Chairman Chris Roberts and Managing Director Ken MacKenzie spent a good chunk of their remarks extolling the virtues of the spin and gushing… Read More »

Occidental Petroleum’s CEO Chazen Hints At Future Spinoff

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After shaking up its leadership earlier this year, Occidental Petroleum (OXY) is undergoing a strategic review to ‘streamline and focus’ its operations. The first steps of that process authorized by its board include: Pursue the sale of a minority interest in the Middle East/North Africa operations in a financially efficient manner.  Pursue strategic alternatives for select Midcontinent assets,… Read More »

No Weyerhauser Out? Company Near Deal To Spin WRECO To Tri Pointe Homes In Reverse Morris Trust

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Earlier this summer, Weyerhauser (WY) announced that it was exploring ‘strategic alternatives’ for Weyerhauser Real Estate Company (WRECO), its homebuilder unit. Those options included including ‘continuing to hold and operate WRECO, or a merger, sale or spin-off of the business.’ The unit ranks in the Top 20 homebuilders and sold 1,099 homes in H1 2013. The exploration of strategic… Read More »

Ceasar’s Distributes Subscription Rights For ‘Good Asset’ Spinco

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Ceasar’s Entertainment (CZR) distributed subscription rights to its shareholders two weeks ago, offering them the option to purchase shares of Ceasar’s Acquisition Company at the price of $8.64 per share. The rights were distributed on October 21st to shareholders as of October 17th and shareholders should have received one subscription right for every CZR share owned. As we… Read More »

In Too Deep! Noble Corp To Spinoff Older Assets And Focus On Deepwater Drilling

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Noble Corporation (NE) is going deep after announcing plans to spin off a business holding most of its standard specification drilling units. The new company’s assets will include ‘five drillships, three semisubmersibles, 34 jackups, two submersibles, and one FPSO’ and also be responsible for the Hibernia platform operations. Noble will continue to own and operate its high-specification assets, ~35 rigs… Read More »

Farewell DE Master Blenders 1753! Today Is Last Day Of Trading

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DE Master Blenders 1753’s (DE.AS or DEMBF) listing on the NYSE Euronext will be terminated on Tuesday, October 29th. To be fair, this is a mere formality as the stock hasn’t really traded much in the months following the takeover announcement by privately held Joh A Benckiser. While it’s been awhile since the board approved buyout offer rolled in, the ensuing… Read More »

National Oilwell Varco To Distribute Its Distribution Business

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In late September, National Oilwell Varco (NOV) announced that it would spin off its distribution business, a unit which provides MRO supplies to the energy and industrial markets, into a standalone entity. According to CEO & Chairman Pete Miller, after a series of acquisitions from Schlumberger (SLB) last year, the business is now large enough (both in size… Read More »

Huntington Ingalls CEO Talks Shop, Post Spinoff Life With The WSJ

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Amidst talk of defense budget cuts and sequesters, Northrop Grumman (NOC) spun off of its naval shipbuilding unit Huntington Ingalls (HII). Despite the doom and gloom setting for the defense industry, the stock has appreciated quite nicely since its March 2011 debut, up close to 90%. The company has recently faced cost overruns while building the newest aircraft… Read More »

Arrivederci Spinoff! Proposed Telecom Italia Spinoff Possibly Shelved

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The death knell appears to be ringing for Telecom Italia’s (TI) fixed line spinoff. According to this Bloomberg piece, the company plans to ask its board of directors to withdraw its approval for the spin, which would put an end to a process which has been going on for over a year. That is a loooong time and… Read More »