What a week for spinoffs. Truly historic. Beginning on Monday with TEGNA (TGNA)/Gannett (GCI), the ‘Summer of Spin’ crescendoed yesterday with the completion of six more spins: DuPont (DD) spun off its performance chemicals unit (including Teflon) into Chemours (CC). The new company told investors it plans on paying out a stable dividend, which is somewhat unusual for such… Read More »
Calling all spinoff lovers – it’s time to get your hard hats on because the end of this month is going to be crazy. Just call it the ‘Summer of Spin’. In the somewhat improbable five plus years we have been running this site (and I am willing to bet over the course of history), there has never… Read More »
Integra LifeSciences (IART) unveiled plans to spin off its Spine business into a standalone company late last year. The move was billed as a ‘strategic portfolio realignment’ and part of the company’s ‘larger transformation strategy’ to optimize their businesses and accelerate growth. Roughly eight months later, the SeaSpine spinoff is ready to go and has been approved by the… Read More »