After deciding to pursue a spinoff, one of the next big decisions facing a company is figuring out who will lead the new company. After all, one of the ‘value drivers’ of a spin is highly focused management…but that only helps if they know what they are doing. That is why most companies just end up promoting from… Read More »
Spinoffs take awhile to execute and the world doesn’t just pause for these companies. Murphy Oil USA, the downstream arm of Murphy Oil (MUR) set to be spun out next year, announced that it entered into an agreement with Wal-Mart (WMT) to open up over 200 new locations at existing Walmart stores. The program is expected to be… Read More »
After close to a year of deliberation, Murphy Oil (MUR) announced that its board of directors approved the spin off of its downstream subsidiary, Murphy Oil USA. The transaction is expected to be completed in 2013 and is a continuation of the process started earlier this year when Murphy announced that it was ‘considering its strategic options’ for its retail unit. As a… Read More »