Search results
Results from the WOW.Com Content Network
Corporate divisions or spin-offs are allowed in many jurisdictions, but the Texas divisive merger is distinctive because it treats the division as a merger. [1] Notably, in a Texas two-step bankruptcy the parent company still maintains control over the spin-off by appointing its board and executives. [1]
Spin-off entity Transaction value (in billions USD) Inflation adjusted (in billions 2022 USD) Ref 1 2024 General Electric Company: GE Aerospace, GE Vernova, GE Healthcare: 191 191 [1] 2 2008 Altria Group: Philip Morris International: 108 141 [2] [3] 3 2000 BCE: Nortel: 60 97 [3] 4 2013 Abbott Laboratories: AbbVie: 56 67 [3] 5 2015 eBay: PayPal ...
Spin-offs occur when the equity owners of the parent company receive equity stakes in the newly spun off company. [6] For example, when Agilent Technologies was spun off from Hewlett-Packard (HP) in 1999, the stockholders of HP received Agilent stock. A company not considered a spin-off in the SEC's definition (but considered by the SEC as a ...
Pages in category "Corporate spin-offs" The following 200 pages are in this category, out of approximately 321 total. This list may not reflect recent changes .
In April 2015, the company changed its name to InvenTrust Properties. [10] [11] In April 2016, the company completed the corporate spin-off of Highlands REIT. [12] In June 2016, the company sold its student housing division to a group including the CPP Investment Board for $1.4 billion. [13] [14] In October 2021, the company became a public ...
A Reverse Morris Trust is used when a parent company has a subsidiary (sub-company) that it wants to sell in a tax-efficient manner. The parent company completes a spin-off of a subsidiary to the parent company's shareholders. Under Internal Revenue Code section 355, this could be tax-free if certain criteria are met. The former subsidiary (now ...
In August 2013, the company distributed 100% of the shares in its retail marketing gasoline station chain, Murphy USA, to its shareholders via a corporate spin-off. [13] [14] In 2016, the company sold its 5% stake in Syncrude Canada Ltd., a joint venture located about 25 miles north of Fort McMurray, Alberta, for C$937 million. [15] In 2017 ...
Exelis Inc., was a global aerospace, defense, information and services company [2] created in October 2011 as a result of the spinoff of ITT Corporation's defense business into an independent, publicly traded company. [3] The company was headquartered in Tysons Corner, Virginia, USA and was led by CEO and President David F. Melcher.