Tag Archives: HSIC spinoff

Corporate Spinoff Roundup – February 2019

Feedback was overwhelmingly positive to last month’s piece so we are going to make it a monthly ‘thing’. As a reminder, although we update our tables as new information is released, we recognize that not everyone is constantly hitting refresh in order to see when a distribution date might get posted (please do so in the future though).… Read More »

Don’t CVET Your Neighbor’s Stock- Henry Schein Completes Spinoff Of Covetrus

Why is Henry Schein(HSIC) stock down sharply today? What is this CVET stock suddenly in my portfolio? We’ve been talking about it a lot, but Covetrus(CVET) is finally here.  After the market closed yesterday, Henry Schein completed its spinoff of Covetrus, distributing Covetrus stock to shareholders. Covetrus immediately merged with Vets First Choice in a Reverse Morris Trust… Read More »

Covetrus To Join S&P MidCap 400 As Dun & Bradstreet Gets A New Number From An Old Friend Of Ours

I’ve got a fever and the only cure is more Covetrus(CVET). Excitement mounts as we approach the completion of Henry Schein’s(HSIC) animal care spinoff and its merger with Vets First Choice in a Reverse Morris Trust transaction. The transaction is set to be completed today, February 7.  Tomorrow, February 8,  Covetrus stock will begin trading, and S&P will… Read More »