Land’s End (LE) is now in control of its own destiny. The well-known retailer was spun off from Sears Holdings (SHLD) after the close on Friday and began trading regular way on Monday. Sears shareholders should have received 0.300795 shares of LE for every SHLD share owned. Investors haven’t been too thrilled with the new company and shares… Read More »
After following the space for a few years, you start to notice a few companies which are best described as ‘serial spinners’. These companies have a rich history of spinoffs and some have even passed that tradition on to their kids leading to a few ‘grandchildren’. It would be interesting to come up with a ‘Spinoff Power Rankings’… Read More »
The next round of corporate action at Sears Holding (SHLD) is about to begin as the board of directors set today as the distribution date of the rights offerings to purchase shares of its Hometown & Outlet store spinoff. The new company is expected to trade under the ticker ‘SHOS’ and each SHLD shareholder will receive one rights offering, good for… Read More »
Much like Halloween, the end of the year is also shaping up to be an extremely busy period for spinoffs. The latest to join the party is Sears Holding (SHLD) whose board of directors approved the spin offof Orchard Supply Hardware Stores earlier this week. The spinoff will take place on December 30 to shareholders as of today,… Read More »