Future Spinoffs: The path to value creation and how weak governance is hunted by Activists Sandell, Trian Partners and Carl Icahn

Future Spinoffs: The path to value creation and how weak governance is hunted by Activists Sandell, Trian Partners and Carl Icahn Josh Black, Editor, Activist Insight, March 2015: When Carl Icahn is on a roll, the veteran activist doesn’t like to leave the table early. So when the internet auction site eBay, which Icahn had successfully called on the previous year to spin-off Pay Pal, reached out to ask for advice, he had plenty. The corporate governance reforms sought by Icahn amount to stripping the six companies that will emerge from the divisions of eBay, Gannett and Manitowoc, of takeover defenses that will make it difficult for a hostile bidder to gain control....