Tag Archives: Oil States

Is REIT Spinoff In The Cards For Boyd Gaming?

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A subclass of spinoff that has proven popular, especially under activist pressure has been the spinoff of real estate assets into a publicly traded REIT. Civeo’s (CVEO) spin from Oil States (OIS) was one example, though the company has now opted against REIT status, as was Penn National Gaming’s (PENN) spin of Gaming & Leisure Properties (GLPI). Now,… Read More »

Civeo Gains Independence From Oil States With Completion Of Spinoff

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As planned, Oil States International (OIS) completed its spinoff of accommodations unit Civeo (CVEO) after the close of business on Friday, May 30, 2014. OIS shareholders received two shares of Civeo for each share they owned.  As is often the case, each company issued its own, slightly different press release this morning marking the completion of the transaction.… Read More »