Image via Wikipedia LRAD Corporation (LRAD) recently announced its intention to spinoff most of its HSS Technology (HyperSonic Sound) related business into a new company called the Parametric Sound Corporation. The transaction is expected to be completed within the next three to four months. Post-spinoff, LRAD will continue making its Long Range Acoustic Device (for which the company… Read More »
Sun Healthcare Group Inc. (SUNH) recently announced their intention to split the company into two – a real estate operating company (Sabra Health Care REIT) and a nursing care/healthcare services company (Sun Healthcare Group). The transaction is expected to be completed in the fourth quarter of this year and the company plans to raise additional capital through an… Read More »
Image via Wikipedia By the time United Technologies(UTX) offered to purchase Babcock & Wilcox for $42 per share in March 1977, the company’s storied history already extended over a century. Founded to manufacture and sell the water tube boiler invented by Stephen Wilcox, the company’s products powered the first New York City Subway, Teddy Roosevelt’s Great White Fleet and the… Read More »
Image via Wikipedia Questar(STR) announced on April 21 that it is considering separating its unregulated exploration and production (E&P) business from its regulated utility business, creating two independent companies. According to that press release, Questar currently consists of six businesses: Questar Exploration and Production Company, a diversified natural gas and oil-exploration and production company; Questar Gas Management, a… Read More »