As highlighted on last month's calendar release, Q1 2020 is looking packed with interesting situations coming through on a global basis. There are currently three break-ups scheduled in the US (GLNG, MSG and IR-GDI) closely trailed by the three-way split at UTX in April, the Professional kitchen appliances Spinoff at Electrolux AB (ELUXB SS) in Europe, and two Spins in South Africa (INL SJ) and Australia (WOW AU) coming up. Look inside for these and the rest of 2020's break-ups.
17 Jan 2020
Looking ahead into the New Year, there are a number of high-profile strategic reviews that may result in break-up announcements. These include former Spin Barnes & Noble Education, Inc. (BNED), Celanese Corp. (CE), and Textron, Inc. (TXT), the latter of which is the only one of three to not yet announce from our "Three Strategic Reviews Seeking Value Creation" release in October. Read on for more of our calls on potential upcoming Spinoff announcements in 2020.
08 Jan 2020
With the decade coming to a close and looking ahead into Q1 2020, there are several compelling situations on the global stage prepared for break-up. Madison Square Garden Co. (MSG) will Spinoff its Entertainment venues business, Electrolux AB (ELUXB SS) plans for its Professional segment to be separately listed, and South African asset manager Investec Ltd (INL SJ) will see its own demerger like its peer Old Mutual. Check inside for more details on these and the more than 30 other Spins planned.
19 Dec 2019
Two of the three strategic reviews we highlighted last month have come through in favor of Spinoffs (leaving Textron, Inc., TXT to finish their own review), and our analysis of the privatization of the French lottery (Francaise des Jeux, FDJ) still shows upside for the recently IPO'd company. This month, another French privatization is on the block and a major auto manufacturer sees a shakeup in the leadership and strategic review of its way forward in a challenging industry. Read on for more.
05 Dec 2019
Though we did see several of the names on the calendar complete their scheduled break-ups earlier in Q4, namely The Ensign Group, Inc. (ENSG), Nuance Communications, Inc. (NUAN) and Prudential Plc (PRU LN), the remaining companies expecting to Spinoff by the end of the year have pushed their transactions into the New Year. Take a look at this month's entries for more details on the next Spinoffs scheduled for 1H 2020, like Madison Square Garden Co. (MSG) and Electrolux AB (ELUXB SS).
26 Nov 2019
Two of the recently added strategic reviews, namely Marathon Petroleum Corp. (MPC) and Nielsen Holdings Plc (NLSN), have announced their respective Spinoffs. Both of these companies were pushed for break-up by activist investor Elliott Management, and our analysis indicates upside ahead for both of these Spinoffs. Meanwhile, we're looking ahead at a couple intriguing IPO value opportunities, specifically the French Lottery privatization of the Francaise des Jeux business. Look inside for more.
08 Nov 2019