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
Before we ring in the new decade, there are still three Spinoffs scheduled for completion in Q4 - namely, Golar Ltd (GLNG), Capital & Counties Properties Plc (CAPC LN), and Graincorp Ltd (GNC AU). One Spin for each region (US, Europe and Global, respectively), with another 30 scheduled for 2020 and beyond. Take a look inside for the details on each, including updated trading metrics and links to the most recent filings and our analysis.
28 Oct 2019
In a further refresh of the monthly Special Situations ideas calendar, we've added a (now revisiting) activism-pushed break-up at Marathon Petroleum Corp. (MPC), a former Australian Spinoff looking for the right M&A to strategically allow for a future split, and a few companies recently analyzed in terms of their macro positioning and potential upside from either merging together (GT and CTB) or benefiting from increasing global tensions (US Defense companies). Read inside for more.
08 Oct 2019
There are currently seven major global break-ups planned before the end of 2019, following a quiet summer (most recent Spin was in June). Get ahead of the curve on these situations and the further 20 Spinoffs in the first half of 2020 with the updated September Global Spinoff Calendars enclosed. In both PDF and Excel format and including active links to filings and our own alerts and analysis, the calendars are the most comprehensive option for sourcing upcoming break-ups.
19 Sep 2019
While the Spinoff cycle is fairly predictable with companies announcing break-ups alongside their earnings reports, it's beneficial to have a list of companies currently reviewing their segments and looking for strategic value creation opportunities. To this end, we've added several new names to this month's Special Situations Event Preview under strategic review, which may lead to Spinoff announcements in the coming months. Read on for more.
06 Sep 2019
Earnings season is always a safe bet in anticipating new Spinoff announcements as companies report their value creation initiatives to their shareholders, and this summer is no exception. In July into August, we've seen six major Spinoff announcements (greater than $1bn market cap), primarily in the industrial, healthcare and consumer sectors. Of note, the next break-up to come through on the calendar is one of the new entries in the US - take a look inside for more details.
19 Aug 2019