PayPal Signals Overcrowded Spinoff Market Has Peaked: Real M&A, The Edge Locates Hidden Treasure

PayPal Signals Overcrowded Spinoff Market Has Peaked: Real M&A, The Edge Locates Hidden Treasure By Tara Lachapelle, Senior Staff M&A Writer, Bloomberg: Investors hungry for undiscovered opportunities with stocks near record highs have already piled in to many of the remaining spinoff candidates. Increased shareholder activism has also accelerated the flow of money into companies seen as ripe for breakups. That’s left little to be made after the spinoffs and is even spurring losses in some cases. It’s become an overcrowded market, according to Jim Osman, who analyzes these types of transactions as chief executive officer of The Edge. “People are greedy...