spinoff

Shares of Lennar Corp (NYSE:LEN) have been in focus, with insufficient home supply driving record prices in the US. While the stock price has risen, there are no catalysts to adjust earnings estimates, according to Wedbush. The Lennar Analyst: Jay McCanless upgraded the rating for Lennar from...

Close on the heels of announcing a corporate reorganization, Alibaba Group Holding Limited's (NYSE: BABA) management provided more clarity on the way forward. What Happened: Jack Ma's Alibaba might cede control of some of its businesses after their initial public...

More than 50 funds that own Bausch Health Companies Inc (NYSE: BHC) investors are reportedly seeking to block the eye-care business spin-off, Bausch + Lomb Corp (NYSE: BLCO). Bausch + Lomb priced its initial public offering at $18/share, falling short of...

Emerson Electric Co (NYSE: EMR) is selling a majority stake in its climate-technologies business to Blackstone Inc (NYSE: BX), valuing the unit at $14 billion, including debt. The deal could mark the biggest private-equity buyout in months when such activity is on a downward trend...

XPO Logistics Inc (NYSE: XPO) said on Tuesday it plans to split its key North American business units into two publicly traded units and aims to divest its European business and North American intermodal operation, a move that it says will unlock value for investors. What Happened: ...

Toshiba Corp (OTC: TOSYY) looks to divide itself into two companies and sell non-core assets. The Japanese tech giant scrapped its initial three-way split that faced fierce criticism from activist shareholders, Bloomberg reports. Toshiba aims to spin off the devices business,...

AT&T Inc's (NYSE: T) board decided to spin off AT&T's interest in WarnerMedia in connection with the previously announced transaction with Discovery Inc (NASDAQ: DISCA).  The transaction, which will spin off 100% of AT&T's interest in...

XPO Logistics Inc's (NYSE: XPO) logistics segment spin-off, GXO Logistics (NYSE: GXO), is slated for debut on August 2, 2021. The executive team and members of the board of directors of GXO Logistics, Inc. will ring the New York Stock Exchange's Opening Bell at 9:30 a.m. EDT. GXO is expected...

A leading retailer of home, fragrance and women’s lingerie and beauty products has announced a spinoff intended to unlock shareholder value. Here’s what investors should know about the spinoff of the Victoria’s Secret business from L Brands (NYSE: LB). What Happened: L Brands...

IAC/InterActive Corp (NASDAQ: IAC) shares are trading higher after reporting third-quarter earnings and announcing a possible spinoff of its Vimeo business. Q3 Earnings: Third-quarter revenue was up 12% year-over-year. The company reported revenue up 9% to $389.9 million for its ANGI...

AMC Networks (NASDAQ: AMCX) saw its stock climb from 2011 to 2015, in large part thanks to the popularity of “The Walking Dead.” The company will now have to rely on spinoffs and other content as it says goodbye to its ratings giant. What Happened: AMC Networks announced its popular...

General Electric Company (NYSE: GE)'s nearly yearlong strategic review of its business could result in an unexpected outcome: hybrid deals or an IPO spinoff. What Happened GE could sell one or more of its assets, but the company may be poised to oversee a hybrid deal that would give...

Shares of Yum! Brands, Inc. (NYSE: YUM) appeared to be significantly lower on Tuesday, but that is not the actual case. Yum! Brands, the parent company behind Taco Bell, Pizza Hut and KFC, decided in 2015 that it is in the best interest of investors to split its business into two different...

Yesterday, the Royal Bank of Scotland Group plc (LON: RBS) revealed more details about its upcoming spinoff. The IPO, which will center on RBS's US retail banking arm Citizens Financial, is expected to raise upwards of at least $3 billion with a total market capitalization above $13 billion...