If you owned United Online(UNTD) prior to Friday and are trying to figure out what happened to your portfolio, better get a scorecard. The security underwent a series of changes Friday as the company completed its spin off of FTD Companies(FTD). For every five shares of United owned, shareholders received one share of FTD. Following the spinoff, United… Read More »
After shaking up its leadership earlier this year, Occidental Petroleum (OXY) is undergoing a strategic review to ‘streamline and focus’ its operations. The first steps of that process authorized by its board include: Pursue the sale of a minority interest in the Middle East/North Africa operations in a financially efficient manner. Pursue strategic alternatives for select Midcontinent assets,… Read More »
In the course of our busy lives, we sometimes never get around to writing about certain spins, even those which we are aware of and find interesting. Penn National Gaming’s (PENN) spin of Gaming & Leisure Properties (GLPI) is one such case. A search of our site revealed one scant mention when talking about IRS treatment of REITs,… Read More »