Tag Archives: T

It’s Back! Grandbaby Bell Avaya Returns To Public Markets After Emerging From Bankruptcy

One year after its Chapter 11 filing and a decade after a private equity buyout, Avaya(AVYA) is, once again, a public company. The company had declared bankruptcy beset by $6.3 Billion in debt and mounting losses. In December, it completed its restructuring and began trading OTC.  In January, less than a month later, Avaya stock gained a listing… Read More »

Ma Bell Great-Grandchild Avaya Files For Bankruptcy

Burdened by debt since its private equity buyout a decade ago, Avaya has filed for Chapter 11 bankruptcy.  The telecommunications software and hardware company posted a loss of $750 million for its most recent fiscal year. It is burdened by $6.3 billion in debt and $400 million in annual interest expense. “Avaya’s current capital structure is over 10… Read More »

Spinoff Odds & Ends: Speculation Edition (JNJ T TWX ABT)

Speculating about spinoffs – it’s not just for us, John Malone and deadline-driven journalists: 1) The Motley Fool handicaps the odds of a Johnson & Johnson (JNJ) spinoff in 2017. The basic premise is that JNJ has multiple segments with diverging sales trends (at least recently) so why not set one free. After playing through a few scenarios, the author ultimately suggests… Read More »

Is Time, Inc. Right For Yahoo Core Reverse Morris Trust Spin?

Under pressure, once again, from Starboard following the abandonment of its plan to spin off its huge stake in Alibaba(BABA), Yahoo(YHOO) has formed an independent committee of its Board Of Directors to explore strategic alternatives. The Board has formed a Strategic Review Committee of independent directors to lead this effort, with the assistance and support of management. The… Read More »

Summer Of Spins Shakes Up S&P Indexes

The unprecedented number of spins this week has kept the folks at S&P working overtime making changes to their indexes. Last week, AOL(AOL), a spinoff of Time Warner(TWX) was acquired by Verizon(VZ), a conglomeration of several spinoffs of the original AT&T(T). As a result, Casey’s General Stores(CASY) will move from the S&P SmallCap 600 to take its spot in… Read More »

Could A Spinoff Be In NCR’s Future?

The WSJ recently reported that ATM & cash register equipment maker NCR Corp (NCR) is considering ‘its strategic options’, including a possible spinoff or asset sale. NCR has a long and rich history, including making the first mechanical cash register, but the company’s stock price has been lagging as point of sale transactions and cash register use is… Read More »