Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings


TriMas Corporation (TRS) spinoff (HZN) will be distributed 6/30

TriMas Corporation (TRS) today announced record and distribution dates for the spin-off of its Cequent businesses, which will be effected through the distribution of 100 percent of the common shares of Horizon Global Corporation to holders of TriMas Corporation’s common shares.

Horizon Global’s common shares will be distributed near day’s end on June 30, 2015. Following the distribution, Horizon Global will be an independent, publicly traded company. It expects to receive approval to list its common shares on the New York Stock Exchange (NYSE) under the symbol “HZN.” Source

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