Sears Holdings(SHLD) announced today that it plans to spin off Orchard Supply Hardware. Orchard operates 89 full service hardware stores in California, averaging 40,600 square feet. No date or distribution ratio have been set, but the company does state in its S-1 that it hopes to trade under the OSHS symbol. After the spinoff, ESL investments and affiliates,… Read More »
The network behind Mad Men is about to be set free as Cablevision Systems’ (CVC) board of directors approved the spinoff of AMC Networks (formerly known as Rainbow Media). The new company will trade under the ticker AMCX with the share distribution occurring on June 30 to shareholders on June 16th (today). Bear in mind that the Dolan family of NY basketball/hockey… Read More »
Not enough interest in silverware these days? Sure seems that way as German conglomerate ThyssenKrupp AG (TYEKF – US Pink Sheets) announced plans to spin off its stainless steel operations. The move comes just a few months after ArcelorMittal (MT) did the same exact thing with its stainless division, Aperam (APEMY). [See our earlier posts on Aperam here… Read More »