Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings


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 19, 2015, the record date for the spin-off. SeaSpine shares will begin “regular way” trading on the NASDAQ Global Select Market on July 2nd. Source

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