Category Archives: Spinoff

Proxy Battle for The Timken Company In Full Effect. Timken Sends Letter to Shareholders Criticizing Proposal from Relational Investors and CalSTRS

Timken warns shareholders not to be fooled by misleading dissident campaign. We have been following the Timken/Relational-CalSTRS saga for a while now. It is now in full proxy fight mode.  The latest is Timken’s launch against the dissidents with a … Continue reading

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Compuware Going Private?

After previously sparring with Elliott Associates over a takeover offer, Compuware decides to take its ball and go home.  And invites Elliott Associates. The always awesome Elliott Associates previously made a $3.2 billion bid for Compuware Corporation (CPWR).  The market … Continue reading

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Down Doobie-Do Down Down, Breaking Up Is Hard to Do. Activist Fund Urges Break Up of Ball Bearings and Steel Company, Timken

Activist Investor Relational Investors, LLC and California Teachers Pension Fund CalSTRS Push For Spin-Off of The Timken Company’s Steel Business Relational Investors and CalSTRS filed a 13D for The Timken Company (TKR). They think Timken is undervalued because of the … Continue reading

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Red Pill/Blue Pill Redux. Abbott Board Approves Spin-Off

As we noted here, Abbott Labs is splitting in two.  The board formally approved it and set a December 12 record date for a January 1 dividend date.  Meanwhile, the stock price has not recovered from the body blow delivered … Continue reading

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Red Pill and Blue Pill . . . Abbott Labs To Split Into Two Separate Public Companies.

It is too late for jokes. Health care company Abbott Laboratories to spin-off AbbVie business. All the way back in October 2011, Abbott Labs announced a plan to split into two companies: Abbott, a medical devices, nutrition, diagnostics and generic … Continue reading

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Former Dot Com Star, Comverse, Sets Record Date for Spin-Off Following Announcement of Acquisition by Verint Systems

Comverse Technology, Inc. (Nasdaq:CMTV) announced the August 27, 2012 record date for its shareholders’ meeting to be held to vote on the spin-off of its Comverse, Inc. subsidiary.  The record date for the spin-off will be set shortly after the … Continue reading

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