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The company said it is looking to complete the spin-off in one year. Goldman Sachs and Morgan Stanley are advising the company on the transaction. ... sending the stock up more than 3% the same ...
The United States Securities and Exchange Commission's (SEC) definition of "spin-off" is more precise. 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 ...
The three types of corporate divisions are commonly known as spin-offs, split-offs and split-ups. The spin-off involves a distribution of property to shareholders without the surrender of any stock, which thus resembles a dividend. The split-off resembles a redemption because the shareholders have relinquished stock of the distributing corporation.
Equity carve-out (ECO), also known as a split-off IPO or a partial spin-off, is a type of corporate reorganization, in which a company creates a new subsidiary and subsequently IPOs it, while retaining management control. [1] [2] Only part of the shares are offered to the public, so the parent company retains an equity stake in the subsidiary ...
No one is really surprised Comcast would be the first media conglom to go this route: The company has frequently killed off underperforming cable networks, like Cloo, Style and Esquire, rather ...
Whether or not Disney should consider spinning off the popular sports network has been a perpetual talking point at among investors for years, and picked up steam this year after Third Point's Dan ...
A stub is the capital stock representing the remaining equity in a corporation left over after a major cash or security distribution from a buyout, a spin-out, a demerger or some other form of restructuring removes most of the company's operations from the parent corporation. A stub may retain the name of the original corporation, or in some ...
The separation will be executed through a spin-off, with Aptiv shareholders receiving pro-rata shares in the new EDS entity. The transaction is expected to be tax-free for both Aptiv and its ...