Another month is almost in the books so lets recap the recent spinoff activity and also take a look at what spinoffs the next month will bring: Spinoffs Completed Prior Month Not a ton of activity this past month on the spinoff front: May 22nd – VF Corp (VFC) completed the spin off of its jeans business as… Read More »
Kontoor Brands(KTB) may be on its own now, but it has its parent’s jeans. VF Corp(VFC) completed the spinoff of its jeans business on Wednesday, May 22, after the close. Kontoor, which includes brands such as Wrangler, Lee and Rock & Republic, will be added to the S&P SmallCap 600 today. VF shareholders received one share of Kontoor… Read More »
Orion Group Holdings(ORN) is a specialty construction company operating on Marine projects. Of late, its stock has taken a beating, and it is now too small for the S&P SmallCap 600 Index. On Friday, it will be removed from the Index, to be replaced by the newly spun off denim company Kontoor Brands(KTB). VF Corp(VFC) will complete its… Read More »
Until this week, VF Corporation’s (VFC) upcoming Kontoor Brand’s spinoff only had the vague timetable of ‘sometime in May’. Finally, we have some closure and some concrete details on the jeanswear company’s upcoming independence. The board of directors has now formally approved the spinoff which will take place after the close on May 22nd with shareholders expected to… Read More »
What the VF(VFC)? The clothing conglomerate moved closer to completing the spinoff of its denim business as Kontoor Brands recently with the filing of a Form 10. Kontoor will comprise the Wrangler®, Lee® and Rock & Republic® brands, and the VF Outlet business. Kontoor stock is expected to trade under the KTB ticker symbol. The spinoff, which is on track to be completed… Read More »