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The company was formed in April 2014 as a corporate spin-off of Occidental Petroleum. [1] [2] In April 2018, the company acquired the interest in the Elk Hills Oil Field previously held by Chevron Corporation for $460 million and 2.85 million shares.
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Crane Co. is an American industrial products company based in Stamford, Connecticut.Founded by Richard Teller Crane in 1855, it became one of the leading manufacturers of bathroom fixtures in the United States, until 1990, when that division was sold off.
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 ...
Spinoffs can impact share prices even before the deal is executed. When a spinoff is first announced, the parent company's share price might rise if news of the transaction is greeted with enthusiasm.
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C. California Resources Corporation; Cambridge Technology Partners; Canal+ S.A. Capital One; Capitol News Company; CareFusion; Carestream Health; CarMax; Carrier Global