Time for a little housecleaning as we catch up on some old news regarding a few potential spins which ended up as sales instead. Can’t win them all. Loral Space & Communications (LORL) had long talked about spinning off its Space Systems/Loral (SSL) unit to shareholders, but instead sold the division to MacDonald, Dettwiler & Associates (TSX:MDA) for $875m. The… Read More »
With both the DOJ and EU regulatory body blessing the transaction, Google’s (GOOG) purchase of spinoff Motorola Mobility (MMI) is finally close to fruition. No small feat given the recent failures of some other large deals such as ATT’s (T) takeout of T-Mobile and the NYX/Deutsche Boerse combo. Motorola’s hefty patent portfolio appears to have been the impetus… Read More »
Not enough interest in silverware these days? Sure seems that way as German conglomerate ThyssenKrupp AG (TYEKF – US Pink Sheets) announced plans to spin off its stainless steel operations. The move comes just a few months after ArcelorMittal (MT) did the same exact thing with its stainless division, Aperam (APEMY). [See our earlier posts on Aperam here… Read More »