Market Overview

Delphi And Other Companies You May Have Forgotten Were Spinoffs

Delphi And Other Companies You May Have Forgotten Were Spinoffs

Corporate spinoffs can be done for a number of reasons, but the most common reason is to attempt to unlock shareholder value by simplifying operations. A number of extremely successful companies were once spinoffs. Here’s a look at some spinoffs you may or may not remember.

  • eBay Inc (NASDAQ: EBAY) spun off Paypal Holdings Inc (NASDAQ: PYPL) in 2015. Since the spinoff, Paypal shares are up 2.1 percent, while eBay stock has surged 20.5 percent.
  • Energizer Holdings Inc (NYSE: ENR) was spun off from parent company Edgewell Personal Care Co (NYSE: EPC) in 2015. Energizer shares are up 38.3 percent since the split, while Edgewell shares have fallen 22.5 percent.
  • The Sara Lee Corporation spun off both food business Hillshire Brands (later purchased by Tyson Foods, Inc. (NYSE: TSN)) in 2010 and leather goods maker Coach Inc (NYSE: COH) back in 2000.
  • McDonald’s Corporation (NYSE: MCD) opted to spin off Chipotle Mexican Grill, Inc. (NYSE: CMG) back in 2006. Chipotle has been one of the hottest stocks in the market in the years since, rising 839.4 percent.
  • Back in 2012, Kraft, now of Kraft Heinz Co (NASDAQ: KHC), spun off food giant Mondelez International Inc (NASDAQ: MDLZ).
  • Related Link: Why Mobileye Investors Could Be The Biggest Winners In The Autonomous Auto Race

  • Ocean Rig UDW Inc. (NASDAQ: ORIG) was a Dry Ships Inc. (NASDAQ: DRYS) spinoff back in 2011. Both stocks have been hammered by the oil market collapse.
  • Finally, General Motors Company (NYSE: GM) opted to spin off automotive parts maker Delphi Automotive PLC (NYSE: DLPH) back in 1999. Of course, GM later famously declared bankruptcy during the Financial Crisis.
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