thyssenkrupp AG(TKAMY) has completed the spinoff of its naval shipbuilding division, thyssenkrupp Marine Systems, now trading independently as TKMS. Shares began trading today, October 20, 2025, on the Frankfurt Stock Exchange under the ticker TKMS, marking the latest chapter in thyssenkrupp’s multi-year effort to simplify its structure and surface value through targeted spinoffs. This is, we believe, the… Read More »
thyssenkrupp Spinoffs: Much ado about nothing thyssenkrupp AG (TKAMY) is not a stranger to these pages. In the past, we wrote about both a stainless steel spinoff(all the way back in 2011), which didn’t spinoff as the division was instead sold to Finnish competitor Outokumpu , and the elevators spinoff which was also cancelled in favor of a… Read More »
We discussed one scrapped spinoff earlier this week – Brunswick’s Life Fitness – but, alas, it wasn’t an isolated incident. In this edition of Odds & Ends we catch you up on the latest in abandoned spin plans: 1. Thyssenkrupp’s Elevator Spinoff thyssenkrupp (TKAMY) shocked the markets with a stunning strategic about face ‘reset’ last week. Seven months… Read More »