Category Archives: Spinoff

SunGard to Spinoff “Availability Services” Business – Disruption From The Cloud

SunGard announced plans to spinoff its Availability Services division, much like the missing “u” in its name, as the Cloud disrupts its business. SunGard to Spinoff Availability Services Business   SunGard Data Systems Inc. is of the world’s leading software … Continue reading

Posted in Business Strategy, By the Numbers, Spinoff, Uncategorized | Tagged , , , , , | Leave a comment

Relational Investors Gets Results v.2.0: Timken Announces Spinoff

Spinoffs and retirements to follow. We have been following the Timken saga since late last year. As you recall, Underdisclosed.com favorite Relational Investors, along with CalSTRS, has been harassing Timken Co. to separate its steel and ball bearing business.  They … Continue reading

Posted in Business Strategy, Hedge Funds, Opps, Relational Investors, Spinoff | Tagged , , , , , , , , , , , , , , | Leave a comment

SunEdison Update – News of a “Spin-Off” Premature (Or Inaccurate), But SunEdison Is Selling A Piece Of Its Semiconductor Business Through An IPO

IPO filing shows that SunEdison will maintain significant ownership as it sells a portion of its semiconductor business. SunEdison is the business of manufacturing semiconductors and solar panels and developing solar power plants. On August 22, we discussed the journalistic … Continue reading

Posted in Business Strategy, IPO, Public Offering, Spinoff | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

SunEdison To IPO Part Of Its Semiconductor Business

SunEdison to separate into two independent companies to focus on solar business. SunEdison is a manufacturer of semiconductors and solar panels and develops solar power plants.  SunEdison announced it would sell a minority interest in the semiconductor business and use … Continue reading

Posted in Business Strategy, By the Numbers, IPO, Spinoff | Tagged , , , , , , , , , , , , , , | Leave a comment

Relational Investors Gets Results: Timken Hires Goldman Sachs To Review Whether Timken Should Break Off Business Units

Breaking up is hard to do, but Timken will take a look anyway. We have followed the saga of Relational Investors’ and CalSTRS’ attempt to get Timken Co. to separate its steel and ball bearing businesses. There are now reports … Continue reading

Posted in Activist Investor, Business Strategy, Hedge Funds, Opps, Relational Investors, Shareholder Meeting, Shareholder Rights, Spinoff | Tagged , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Business Strategy, Hedge Funds, Opps, Relational Investors, Spinoff | Tagged , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Elliott Associates, Hedge Funds, IPO, M&A, Private Equity, Spinoff | Tagged , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Opps, Relational Investors, Spinoff | Tagged , , , , , , , , , , | 7 Comments

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

Posted in Opps, Spinoff | Tagged , , , , , , , , , , , , , , , , , , | 3 Comments

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

Posted in Spinoff | Tagged , , , , , , , , , , , | 94 Comments