Tag Archives: DNOW

Spinoff Odds & Ends: The Time Is DNOW, Redux and More

Hedge funds get rich using OPM (other people’s money) so why not use OPW (other people’s work) to generate some ideas? Might be helpful if volatility is back… Clark Street Value takes a look at two upcoming real estate related spinoffs. The first is Spirit Realty Capital’s (SRC) upcoming ‘bad asset’ portfolio spinoff. It will consist of properties… Read More »

National Oilwell Varco Spinoff NOW Inc. To Acquire Odessa Pumps

A year after its spinoff from National Oilwell Varco (NOV), NOW Inc.(DNOW) continues to roll up distributors with the acquisition of Odessa Pumps, its eighth acquisition since the spin. Robert Workman, President and CEO of NOW Inc., commented, “The addition of Odessa Pumps and Equipment not only offers DistributionNOW the ability to expand our products and services offerings… Read More »

CNBC’s Delivering Alpha Conference: A Look At The Spinoff Names

Titans of the hedge fund industry, including John Paulson, Carl Icahn, Nelson Peltz (and many more), gathered at the Pierre Hotel this past Wednesday for CNBC’s Delivering Alpha conference. There was a lot of Fed talk (Stanley Druckenmiller is not a fan), musings on the economy and of course, the proverbial ‘talking up the book’. It took a… Read More »

A Week Of Spins Means Index Changes: Washington Prime Group, Civeo and Now Inc to Join S&P MidCap 400

Last week featured a full line up of spinoffs with Simon Property Group (SPG) spinning off the Washington Prime Group (WPG) on Wednesday, May 28, and National Oilwell Varco (NOV) and Oil States International (OIS) spinning off NOW Inc (DNOW) and Civeo (CVEO) respectively on Friday, May 30. The new companies are all significant enough to force a reshuffle of… Read More »

The Time Is DNOW! National Oilwell Varco Completes Spinoff of NOW Inc

National Oilwell Varco (NOV) completed the spinoff of its distribution company, NOW Inc (DNOW) last week. The new company trades under the ticker ‘DNOW’ and NOV shareholders should have received 1 share of the new company for every 4 NOV shares owned. The spin was completed after the close at the end of May, but today will mark… Read More »

National Oilwell Varco Sets Now Inc Spinoff For End Of May

National Oilwell Varco’s (NOV) board of directors recently approved the spinoff of its distribution business, Now Inc, and the spinoff will take place on May 30th to shareholders of record on May 22nd. The new company will trade on the NYSE under the ticker ‘DNOW’ and NOV shareholders will receive 1 share of DNOW for every 4 NOV shares… Read More »