It’s always sad for us here when a spinoff is cancelled, but those situations are often worth filing away as there is always the chance that the situation gets revived. The market could be better, certain hurdles cleared, you never know. The latest example is IDT’s (IDT) recent announcement that it is resurrecting its plans to spin off its patent… Read More »
Spinoffs take a lot of time. It really isn’t so surprising considering the plethora of regulatory and logistical issues that arise from splitting up a business. While often overlooked as one time charges, companies spend millions upon millions planning and executing these transactions. As a result, at least 6 months usually pass between the date of announcement and… Read More »
Spinoffs have been relatively popular recently and you know how ‘fads’ go. Once a trend begins, people (in this case companies) try to one up another by going bigger. Better. Bolder. One spinoff isn’t enough anymore so Fortune Brands (FO), ITT (ITT) and even Carrefour (CRERY) went for two. Please give a hearty welcome to the newest member… Read More »