Tag Archives: NOV Spinoff

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 »

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 »

National Oilwell Varco To Distribute Its Distribution Business

In late September, National Oilwell Varco (NOV) announced that it would spin off its distribution business, a unit which provides MRO supplies to the energy and industrial markets, into a standalone entity. According to CEO & Chairman Pete Miller, after a series of acquisitions from Schlumberger (SLB) last year, the business is now large enough (both in size… Read More »