By Barbara Soderlin / World-Herald staff writer:
– November’s ConAgra Spinoff is plating up to be one of the better spinoffs of 2016
– The Edge sees multiple M&A activity post Lamb Weston break-up
ConAgra Foods’ spinoff of its frozen potato business into a stand-alone company could shape up to be one of the year’s most lucrative spinoff deals, one analyst told The World-Herald. ConAgra stock is up about 12 percent so far this year, compared with about 5 percent for the broader stock market.
One firm that studies spinoff deals has been telling clients to buy ConAgra shares now, before the spin, and to hang on to both companies’ shares after the spin. ConAgra has already been a “winner” for clients, said Jonathan Morgan, a deals analyst and partner at the Edge Group, a New York firm that studies spinoffs.