Another week, another mix of spinoffs, near-spinoffs, and spin-offs-that-weren’t. Here’s what caught our eye this week. ABB’s Robot Spinoff Becomes a $38 Billion Sale to SoftBank ABB Ltd.(ABBNY) had been widely expected to spin off its robotics division — a move long anticipated by investors as the final step in ABB’s multi-year simplification effort. Instead, the Swiss industrial… Read More »
Under pressure, once again, from Starboard following the abandonment of its plan to spin off its huge stake in Alibaba(BABA), Yahoo(YHOO) has formed an independent committee of its Board Of Directors to explore strategic alternatives. The Board has formed a Strategic Review Committee of independent directors to lead this effort, with the assistance and support of management. The… Read More »
A few short hits for the Friday before Memorial Day – A very minor footnote to the abandoned Comcast (CMCSA)/Time Warner Cable (TWC) megadeal is the cancellation of the GreatLand Connections spinoff. The spin would have shed millions of customers in select markets and was part of the two companies’ strategy to win regulatory approval. I think they… Read More »