Lets close off the week with some happenings in the world of spinoffs: 1) Spinoffs Are Popular On The Johannesburg Exchange Every so often, a reader writes in to the site to let us know that our international coverage is weak (some use nicer language…others less nice). To which we reply thanks for reading and that volunteers are… Read More »
Spinoffs: Once you start, you just can’t stop. Roughly a year after breaking the famed Hewlett Packard into two pieces, Hewlett Packard Enterprise (HPE) CEO Meg Whitman is at it again. This time the structure is a bit more complex than a straight spinoff though. It’s our old friend, the Reverse Morris Trust transaction. Real veteran stuff. On… Read More »
Computer Sciences Corporation(CSC) announced that its Board had approved the spinoff and subsequent merger of CSRA, as well as a $10.50 special dividend. After the market close on Friday, November 27(which is the day after Thanksgiving and will be at 1PM), CSC shareholders as of November 18 will receive one share of CSRA for each share of CSC held.… Read More »