Tag Archives: cars.com

Spinoff Odds and Ends: M&A Edition- Gannett, The Best Digital First Can Get?

Let’s kick off the week with some deal talk. Last week we touched on Apollo’s (APO) potential buyout of Arconic (ARNC) and if completed, it would just be another example of spinoff/parent company being taken out. Once the separation announcement is made or even the ‘strategic alternatives’ one, the market knows that a sale is possible. In that vein,… Read More »

TEGNA To Complete Cars.com Spinoff May 31st, Receive Big Dividend

TEGNA’s (TGNA) Board of Directors officially approved the spinoff of Cars.com and expects the transaction to be completed on May 31st. TEGNA shareholders as of May 18th should receive 1 share of the new company for every 3 TGNA shares owned. Cars.com is expected to trade on the NYSE under the ticker ‘CARS’, which I think we can… Read More »

WSJ Interviews Spinoff Veteran Becky Sheehan, CFO Of Upcoming Cars.com Spinoff

When it comes to spinoffs, once it’s announced, most investors just focus on when it’s done. Maybe there a few people who eagerly await the Form 10 filings or delight at mocking a new company name, but really it’s about the closing. Of course, someone actually has to go about the unheralded business of making sure the new… Read More »