International Paper ($IP) now has two ways to separate its European packaging operations. After spending much of 2026 preparing a DS Smith spinoff, the company confirmed October 15 that it is also talking with potential buyers following unsolicited approaches. The sale discussions are preliminary, and International Paper says it is proceeding with the spinoff preparations in parallel. The… Read More »
BioGen (BIIB) has finally chosen a name for its upcoming hemophilia drug focused spinoff. The new company will be called Bioverativ and it will eventually trade on the Nasdaq under the ticker ‘BIVV’. Bioverativ will be a global biotech company ‘focused on the discovery, research, development and commercialization of treatments for hemophilia and other blood disorders.’ It’s growing… Read More »
The end of June is shaping up to be another busy period in the spinoff world. That means S&P has also been very busy rejiggering its indexes in order to accommodate the new companies. Here is a roundup of the recent activity: 1) Rayonier (RYN) completed the spinoff of its advanced materials company, Rayonier Advanced Materials, on Friday.… Read More »