The boom in spinoff activity over the past few years has been aided greatly by the boom in activist investing. In this edition of Odds & Ends we check in on some activists. Other hedge funds may be shuttering, but it seems this segment remains hot! When something works, the financial industry knows how to milk it, but… Read More »
After a long gestational period, MetLife (MET) finally completed the spinoff of its life insurance & annuity business, Brighthouse Financial (BHF) this week. MetLife shareholders as of July 19th should have received 1 share of BHF for every 11 MET shares owned. Brighthouse trades on the NASDAQ and was also added to the S&P 500 Index, replacing auto dealer… Read More »
2016 was a busy year for MetLife (MET). Outside of their normal operations, the mammoth insurance company won a huge lawsuit versus the US Government avoiding the dreaded ‘systemically important’ designation. They fired Snoopy and in related news to this site, the company announced the spinoff of part of its retail operations into a standalone entity. The new company… Read More »