Tag Archives: SYF Spinoff

Mohnish Pabrai’s Spinoff Portfolio Gets Crushed In 2018, All New Names For 2019

Happy New Year to all of our readers! 2018 is now officially history and it will be remembered as a year of increased volatility that ultimately left some portfolios quite damaged. That includes Mohnish Pabrai’s Spinoff Portfolio and its (backtested) historically S&P crushing results.  Pabrai is a legendary fund manager and author of The Dhando Investor.  In one of… Read More »

GE Sets Ratio For Synchrony Exchange Offer At 1.0505, Deadline To Elect Is Monday Night, November 16

Last night, GE(GE) set the final ratio for its exchange offer at 1.0505 shares of Synchrony(SYF) common stock for each share of GE tendered. At GE’s closing price on Thursday of $30.16 and Synchrony’s close of $30.79, this represents $32.34 worth of Synchrony stock, or a premium of 7.2%.  GE shareholders have until midnight, Monday night, November 16… Read More »

With Key Fed Approval In Hand, GE’s Synchrony Split-Off Will Be Completed Next Month

The Federal Reserve formally approved Synchrony Financial’s (SYF) application to become a publicly traded savings & loan holding company. The approval is a key regulatory milestone for the company and its completion will pave the way for GE (GE) to finish separating the business via exchange offer. As its recent earnings report highlighted, GE has shifted its focus… Read More »