On Wednesday, Exterran Holdings completed its spinoff of Exterran Corporation(EXTN) and changed its name to Archrock, Inc.(AROC). Not to be confused with a defunct seafood restaurant, or a small brewery, or perhaps the next new comic book villain, Archrock “is the leading provider of natural gas contract compression services to customers throughout the United States and a leading… Read More »
As is often the case, this week’s spinoffs have implications for market indexes. First, Hewlett-Packard(HPQ) will be replaced by BlackRock(BLK) in the S&P 100. Hewlett-Packard will be changing its name to HP and spinning off Hewlett Packard Enterprise(HPE). Hewlett Packard Enterprise joined its former parent in the S&P 500 after the close of trading on Friday, October 30.… Read More »
If at first you don’t succeed, try, try again. Exterran Holdings (EXH) seems to have taken that motto to heart and is expected to finally complete the spinoff of its international services and global fabrications business on November 3rd. The company had been forced to delay its spinoff plans earlier this year due to a failed notes offering in… Read More »
Exterran Holdings (EXH) was all set to go with the spinoff of its global fabrications and international services businesses. The names and tickers were all set – the new company would be called Exterran Corporation with the ticker ‘EXTN’ and the parent would rename itself Archrock and trade under ‘AROC’. It had a date of record (July 22nd),… Read More »