Lots Of Options – Harvard Bioscience Further Details Its Executive Comp

By |
0 Comment

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 »

Hold On To That Kleenex – Kimberly-Clark To Spin Off Health Care Business

By |
0 Comment

If Kimberly-Clark (KMB) ever misses its health care division in the midst of its breakup, it will still have lots of Kleenex to cry into. The manufacturer of Huggies diapers announced last week that it planned to spin off its health care division to shareholders. Like many of the companies we discuss, Kimberly-Clark is something of a serial… Read More »

National Oilwell Varco Details Post-Spin Succession Plan

By |
0 Comment

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 »

Valero Sells Off All Of Remaining CST Brands Stake

By |
0 Comment

Six months after completing its spinoff of CST Brands(CST), Valero(VLO) has sold off all of its remaining shares in the convenience store operator, CST announced yesterday.  Valero sold 15,079,448 shares in an underwritten public offering after the underwriters exercised their over-allotment option in full. CST has risen 8.98% since its May 2 close, lagging the S&P 500. Nonetheless, given… Read More »

SunEdison Plans To Spin Off Semiconductors, Solar Plants

By |
0 Comment

Never heard of SunEdison(SUNE)? Perhaps you know it better by its old name, MEMC Electronic Materials. The name was only the first thing to change in the company’s ongoing evolution. In August, the company announced plans to spin off its semiconductor business, which had been its initial core business. The company plans to conduct an IPO for a… Read More »

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

By |
0 Comment

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 »

Taking Their Time – Time Warner Pushes Out Time, Inc. Spinoff Again

By |
0 Comment

At his last earnings call in August, Time Warner (TWX) CEO Jeff Bewkes pushed back the timing of the company’s spinoff of Time, Inc. Three months later, another earnings call, and another delay. What had once been planned for completion this year is now projected to occur in the second quarter of 2014. Without elaborating on the reasons… Read More »

Newcastle Investment Announces Plan To Spin Off Media Assets To Shareholders

By |
0 Comment

Newcastle Investment Corp(NCT), which in May spun off a residential REIT, the creatively named New Residential Investment Corp(NRZ), has announced plans to spin off its media business to shareholders.  Newcastle is a bit of a strange beast. It is structured as a REIT and controlled by Fortress Investment Group (FIG). The transaction itself is strange as well. Newcastle… Read More »

Spinoff Complete, Harvard Biosciences Left Its HART in Holliston, Mass

By |
0 Comment

Last Friday, a spinoff we’ve written about several times became a reality. Harvard Biosciences (HBIO) spun off Harvard Apparatus Regenerative Technologies(HART) to shareholders. HBIO shareholders received one share of HART for every four shares of HBIO owned. With management going to the spin off, recently appointed HBIO CEO Jeffery A. Duchemin received the additional titles of President and… Read More »

Corvex Urges Fidelity National Financial To Jettison Restaurants

By |
0 Comment

Some things go great together. Peanut butter and jelly. Ernie and Bert. Song and Dance. Others go less well together. Title insurance and restaurants. Over at the Inelegant Investor, we shared our surprise at this bewildering combination back in August 2012.  Now, this strategy has generally worked well for Fidelity National Financial(FNF), but it seems that Corvex shares… Read More »

Orora Borealis – Amcor Provides Updates On Its Demerger

By |
0 Comment

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 »