Madison Square Garden $MSG completes $MSGN spinoff

The Madison Square Garden Company (MSG) announced today that its spin-off from MSG Networks Inc. (MSGN), the company formerly known as The Madison Square Garden Company (“the former Madison Square Garden Company”), is complete and that MSG is now a separate, public company that trades on the NYSE as “MSG.” MSG’s status as a standalone …

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Blackstone $BX completes spinoff of PJT Partners $PJT

Blackstone (BX) and PJT Partners (PJT) today announced the successful completion of the previously announced spin-off of Blackstone’s financial and strategic advisory services, restructuring and reorganization advisory services and Park Hill Group businesses, which have been combined with PJT Capital LP, a global independent financial advisory firm founded by Paul J. Taubman, to form an …

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Capital Southwest $CSWC completes spinoff of CSW Industrials $CSWI

Capital Southwest Corporation (CSWC) announced that it completed its previously announced spin-off of CSW Industrials, Inc. (“CSWI”). Starting today, CSWI will begin “regular way” trading on the Nasdaq Stock Market under the ticker symbol “CSWI.” Shares of CSWC’s common stock will continue to trade on the Nasdaq Stock Market under the ticker symbol “CSWC.” CSWC …

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Fidelity National Financial $FNF $FNFV completes spinoff of $JAX

Fidelity National Financial, Inc. announced that FNFV Group (NYSE: FNFV), a tracking stock established to highlight the inherent value of the portfolio companies of Fidelity National Financial, Inc., has closed on the previously announced distribution of the shares of J. Alexander’s Holdings, Inc. (“J. Alexander’s”) common stock to FNFV shareholders in a tax-free distribution. Under …

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Air Products $APD announces spinoff of Materials Technologies

(press release dated 9/16/15) Air Products (NYSE: APD) announced that its Board of Directors has approved the intention to fully separate its Materials Technologies business via a tax-free spin-off to its shareholders. The targeted completion of the Materials Technologies spin-off is before September 2016, subject to typical regulatory approvals. Air Products will hold a conference call …

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Capital Southwest Corp $CSWC spinoff $CSWI will trade ‘regular-way’ 9/30

(press release dated 9/8/15) Capital Southwest Corporation (CSWC) announced  that its Board of Directors has approved the spin-off of its industrial products, coatings, sealants and adhesives and specialty chemicals businesses into CSW Industrials, Inc. (“CSWI”). The Capital Southwest Board of Directors has approved the distribution of all of the outstanding shares of CSWI common stock …

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SPX Corporation $SPW will spinoff $SPXC on 9/26

(press release dated 9/8/15) SPX Corporation (NYSE: SPW) announced the timing and additional details regarding the previously announced spin-off of SPX FLOW, Inc. from SPX Corporation. The SPX Corporation board of directors has approved the final distribution ratio and declared a pro rata dividend of the outstanding shares of SPX FLOW, Inc. common stock, which …

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Emergent BioSolutions $EBS announces spinoff of Biosciences business

Emergent BioSolutions (NYSE:EBS) announced that its Board of Directors has authorized management to pursue a tax-free spin-off of the company’s Biosciences business into a separate, stand-alone publicly-traded company. The spin-off is expected to create two independent public companies with distinct strategic plans, growth strategies, and operational and development priorities. Source

General Electric $GE sells online deposit platform to Goldman Sachs $GS

“General Electric (NYSE:GE) disposes of more of its bank-like assets, agreeing to sell GE Capital’s U.S. online deposit platform along with all deposits ($16B) of GE Capital Bank to Goldman Sachs Bank (NYSE:GS). Coupled with the upcoming spinoff of Synchrony Financial, this deal will nearly mark a complete exit from U.S. banking operations, says GE …

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Ventas $VTR completes spin-off of pure-play SNF REIT $CCP

Ventas (VTR) announced that it has completed the spin-off of most of its post-acute/skilled nursing facility (SNF) portfolio into an independent, publicly traded REIT called Care Capital Properties, Inc. (CCP). CCP, a pure-play SNF REIT, will primarily own, acquire and lease skilled nursing facilities operated by local and regional care providers across the United States. …

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Computer Sciences (CSC) files Form 10 for its spinoff

Computer Sciences (CSC) announced a milestone in the planned spin-off of its U.S. public sector business into a separate, publicly traded company with the filing of an initial Form 10 Registration Statement with the U.S. SEC. The intent to separate CSC into two companies – one to serve public sector clients in the U.S. and …

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WestRock’s (WRK) spinoff Ingevity to trade 9/1

Ingevity will be the new name of MWV Specialty Chemicals division of WestRock Company (NYSE:WRK). It will begin transacting business as Ingevity on September 1. As previously announced, the business is slated to be spun off as an independent, publicly-traded company around the end of the year. Source

Graham Holdings Company $GHC completes spinoff of Cable One $CABO

The Graham Holdings board of directors has approved the final distribution ratio and declared a pro rata dividend of the outstanding shares of Cable ONE common stock, which will result in the complete legal and structural separation of the two companies. The distribution is subject to the satisfaction or waiver of certain conditions. On the …

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Integra $IART completes spinoff of SeaSpine $SPNE

Integra LifeSciences Holdings Corporation (IART) announced that it has completed the previously announced tax-free spin-off of its orthobiologics and spinal fusion hardware business, now known as SeaSpine Holdings Corporation (NASDAQ:SPNE). Integra stockholders received one share of SeaSpine common stock for every three shares of Integra common stock they held at 5:00 p.m., Eastern Time, on June …

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NiSource $NI completes distribution of $CPGX

NiSource (NI) and Columbia Pipeline Group (CPGX) announced that the separation of the two companies was completed successfully through a distribution of all the common stock of CPG held by NiSource to NiSource shareholders. Under the terms of the distribution, effective at 11:59 p.m., New York City time, on July 1, 2015, NiSource shareholders were distributed one (1) share of CPG stock for every one (1) …

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Babcock & Wilcox completes $BW spinoff

Babcock & Wilcox Enterprises (B&W) (NYSE:BW) announced that it has completed its spin-off from its former parent company and its stock will trade independently on the New York Stock Exchange beginning 7/1. Babcock & Wilcox was formerly the power generation segment of The Babcock & Wilcox Company. B&W will continue to be headquartered in Charlotte, …

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Baxter International $BAX completes spinoff of $BWLT

Baxter International Inc. (NYSE:BAX), announced that the Registration Statement on Form 10 filed by Baxalta Incorporated has been declared effective by the Securities and Exchange Commission (SEC) (available at www.baxter.com/transition). The Registration Statement on Form 10 includes information regarding the business and spin-off of Baxalta, which is expected to be complete on July 1, 2015. …

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Energizer Holdings $ENR completes spinoff of Edgewell $ENR

Energizer Holdings (ENR) announced that it has completed the spin off from its former parent company, newly named Edgewell Personal Care Company (“Edgewell”), and has begun operating as an independent, publicly-traded entity. The new Energizer will be called Energizer Holdings, Inc. and trade under the ticker symbol “ENR.” Starting July 1, 2015, the new Energizer …

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TriMas $TRS completes spinoff of Cequent under $HZN

TriMas Corporation (TRS) announced that it has completed the tax-free spin-off of its Cequent businesses to TriMas shareholders as a newly formed company named Horizon Global Corporation. Horizon Global begins trading as an independent public company tomorrow on the New York Stock Exchange under the symbol “HZN.” Source