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IAC Shares Rally On Vimeo Funding, Possible Spinout
Friday, November 6, 2020 - 10:06am | 307Read More...IAC/InterActive Corp (NASDAQ: IAC) shares are trading higher after reporting third-quarter earnings and announcing a possible spinoff of its Vimeo business. Q3 Earnings: Third-quarter revenue was up 12% year-over-year. The company reported revenue up 9% to $389.9 million for its ANGI...
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How AMC Juggernaut 'The Walking Dead' Will Live On
Thursday, September 10, 2020 - 6:40am | 491Read More...AMC Networks (NASDAQ: AMCX) saw its stock climb from 2011 to 2015, in large part thanks to the popularity of “The Walking Dead.” The company will now have to rely on spinoffs and other content as it says goodbye to its ratings giant. What Happened: AMC Networks announced its popular...
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Cannabis Company Sunniva Announces Spinoff Of Canadian Assets
Tuesday, July 10, 2018 - 1:35pm | 482Read More...Medical cannabis company Sunniva Inc (OTC: SNNVF), which operates in California and Canada, has announced a strategic initiative intended to unlock shareholder value. What Happened Sunniva announced Tuesday before the open that it intends to spin off its Canadian assets into a separate...
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GE Could Be Evaluating Hybrid Deals, IPO Spinoffs
Thursday, April 12, 2018 - 10:01am | 412Read More...General Electric Company (NYSE: GE)'s nearly yearlong strategic review of its business could result in an unexpected outcome: hybrid deals or an IPO spinoff. What Happened GE could sell one or more of its assets, but the company may be poised to oversee a hybrid deal that would give...
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What Does Yum Brands' Spinoff Mean For Your Existing Shares?
Tuesday, November 1, 2016 - 1:36pm | 382Read More...Shares of Yum! Brands, Inc. (NYSE: YUM) appeared to be significantly lower on Tuesday, but that is not the actual case. Yum! Brands, the parent company behind Taco Bell, Pizza Hut and KFC, decided in 2015 that it is in the best interest of investors to split its business into two different...
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RBS's Citizens Financial IPO 'Signifies The End Of The Big Bank Model,' Says Expert
Tuesday, September 9, 2014 - 8:23am | 374Read More...Yesterday, the Royal Bank of Scotland Group plc (LON: RBS) revealed more details about its upcoming spinoff. The IPO, which will center on RBS's US retail banking arm Citizens Financial, is expected to raise upwards of at least $3 billion with a total market capitalization above $13 billion...
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Smith & Nephew To Spin Off Biologics Unit
Wednesday, January 4, 2012 - 7:13am | 74Read More...Smith & Nephew PLC (NYSE: SNN) announced its plans to spin off its biologics division into a joint venture. The new entity will be called Bioventus LLC. It will be 51% owned by Essex Woodlands and 49% by Smith & Nephew. The transaction is likely to complete in the next few months and is...
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MDR Recovers After Falling On The Completion Of Spin-Off
Monday, August 2, 2010 - 12:59pm | 281Read More...Shares of McDermott International Inc (NYSE: MDR) have recovered after tumbling in early market trade. The shares fell sfter the company announced the completion of the spin-off of its power generation systems and government operations segments. The company has finished the spinoff through the...
