May 21, 2018: Wabtec Corporation (WAB) entered into a definitive agreement to combine with GE Transportation, a unit of General Electric Company (GE). GE Transportation will be combined in a transaction in which GE will (i) sell a portion of the assets of GE Transportation to Wabtec; (ii) complete the spin-off or split-off of a portion of GE Transportation to GE shareholders; and (iii) immediately thereafter merge GE Transportation with a wholly owned subsidiary of Wabtec. The transaction is expected to close in early 2019, subject to customary closing conditions, approval by Wabtec shareholders, and regulatory approvals.

May 7, 2018: Euroseas (ESEA) announced that it filed a registration statement on Form F-1 with the Securities and Exchange Commission to spin-off the Company’s drybulk fleet into a separate company, EuroDry Ltd., which has applied for listing on the NASDAQ Capital Market.

May 1, 2018: KLX Inc. (KLXI) announced its intention to sell its Aerospace Solutions Group business to The Boeing Company (BA) and to spin-off to KLX shareholders its Energy Services Group business. The Company currently expects that the separation of its businesses will occur in the third quarter of 2018.

April 23, 2018: Henry Schein (HSIC) and Vets First Choice announced plans for Henry Schein to spin off its Animal Health business and merge it with Vets First Choice, creating an innovative approach to advancing the delivery of animal health care designed to provide unique benefits to veterinarians, manufacturers, pet owners, and their pets. The new company, to be called Vets First Corp. The transaction is structured as a “Reverse Morris Trust” transaction intended to be tax-free to Henry Schein shareholders for U.S. tax purposes. The transaction has been unanimously approved by the Boards of Directors of Henry Schein and Vets First Choice, and is expected to close by the end of 2018.

April 17, 2018: Inpixon (INPX) announced that its board of directors has authorized proceeding with a spin-off of its wholly-owned subsidiary, Inpixon USA, which is expected to be renamed “Sysorex, Inc.” in connection with the consummation of the transaction. Following the proposed transaction, Sysorex will become an independent publicly traded company.

April 23, 2018: Inpixon (INPX) announced that the Form 10 Registration Statement in connection with the planned spin-off of its wholly-owned subsidiary, Inpixon USA (“Sysorex”), which is expected to be renamed “Sysorex, Inc.” following the consummation of the transaction, creating two distinct, publicly traded companies, has been filed with the U.S. Securities and Exchange Commission.

April 12, 2018: Genuine Parts (GPC) said it would spin off its wholesale distribution business S.P. Richards and merge it with Essendant (ESND) in a tax-free transaction for shareholders, as it focuses on its industrial and auto parts businesses.

April 10, 2018: Tenneco (TEN) announced that it has signed a definitive agreement to acquire Federal-Mogul. Federal-Mogul is being acquired from Icahn Enterprises L.P. for a total consideration of $5.4 billion to be funded through cash, Tenneco equity and assumption of debt. Tenneco also announced its intention to separate the combined businesses into two independent, publicly traded companies through a tax-free spin-off to shareholders that will establish an aftermarket & ride performance company and a powertrain technology company. The acquisition is expected to close in the second half of 2018, subject to regulatory and shareholder approvals and other customary closing conditions, with the separation occurring in the second half of 2019.

April 10, 2018: Tenneco (TEN) announced that it has signed a definitive agreement to acquire Federal-Mogul. Federal-Mogul is being acquired from Icahn Enterprises L.P. for a total consideration of $5.4 billion to be funded through cash, Tenneco equity and assumption of debt. Tenneco also announced its intention to separate the combined businesses into two independent, publicly traded companies through a tax-free spin-off to shareholders that will establish an aftermarket & ride performance company and a powertrain technology company. The acquisition is expected to close in the second half of 2018, subject to regulatory and shareholder approvals and other customary closing conditions, with the separation occurring in the second half of 2019.

March 15, 2018: Helios and Matheson Analytics (HMNY) announced that its board of directors has approved a plan to spin-off its wholly-owned subsidiary, Zone Technologies, Inc. (“Zone”). Following the spin-off, Zone would become an independent publicly traded company that HMNY expects to also be listed on Nasdaq.

March 6, 2018: Fiat Chrysler Automobiles (FCAU) is looking to spin off auto-parts business Magneti Marelli to its shareholders via a Milan listing that will not raise money by selling new shares.

April 5, 2018: The Board of Directors of Fiat Chrysler Automobiles (FCAU) announced that it has authorized FCA management to develop and implement a plan to separate the Magneti Marelli business from FCA and to distribute shares of a new holding company for Magneti Marelli to the shareholders of FCA.

March 1, 2018: Brunswick Corporation (BC) announced that its Board of Directors has authorized proceeding with a spin-off of its Fitness business. Following the proposed transaction, the Fitness business will be an independent, standalone, publicly traded company, “FitnessCo”. The proposed transaction is projected to be complete by the end of Q1 2019, subject to final approval from Brunswick’s Board and other customary conditions.

February 27, 2018: KAR Auction Services (KAR) announced that it is pursuing a separation of its Insurance Auto Auctions (IAA) salvage auction business unit. The separation aims to increase shareholder value and focus each company’s strategic priorities on its respective marketplace and unique customers. The tax-free spin-off is expected to close within the next twelve months and will create two independent, publicly traded companies with distinct strengths that position them for continued success and market leadership.

February 26, 2018: Deutsche Bank (DB) is poised to take the most tangible step so far in its reorganization with the stock market spinoff of its DWS fund management group as early as next month.

February 21, 2018: EQT Corporation (EQT) announced that its Board of Directors has approved a plan to separate its upstream and midstream businesses, creating a standalone publicly traded corporation (NewCo) that will focus on midstream operations. The separation is intended to qualify as tax-free to EQT shareholders for U.S. federal income tax purposes; and is expected to be completed by the end of the third quarter 2018. Under the separation plan, EQT shareholders will retain their shares of EQT stock and receive a pro-rata share of the new independent midstream company. Both companies will remain headquartered in Pittsburgh, PA.

February 20, 2018: The Board of Directors of Long Blockchain (LBCC) has approved it’s Management’s intentions to pursue a spin-off of the Company’s existing beverage subsidiary, Long Island Brand Beverages, LLC (“LIBB”).  The Company aims to structure and complete the proposed spin-off during the second quarter of 2018, with the intention to maintain a public listing for the beverage business.

February 8, 2018: DryShips (DRYS), a diversified owner of ocean going cargo vessels, announced today that its wholly owned subsidiary, Gas Ships Limited Inc., ("Gas Ships Limited") has filed a registration statement on Form F-1 with the U.S. Securities & Exchange Commission.  The filing relates to the Company's spin off of its gas carrier business from the Company. In the spin-off, DryShips will distribute to holders of its common stock 49% of the issued and outstanding shares of Gas Ships Limited's common stock.  Following the spin-off, Gas Ships Limited will be a publicly-traded company, and DryShips will retain a 51% ownership interest in Gas Ships Limited.

February 6, 2018: NETGEAR (NTGR) announced that its Board of Directors has unanimously approved the pursuit of a separation of its Arlo business from NETGEAR. The separation is expected to be effected through an initial public offering (IPO) of newly issued shares of the common stock of Arlo Technologies, Inc. (Arlo), which will hold the Arlo business. NETGEAR expects Arlo to issue less than 20% of its common stock in the IPO, with NETGEAR to retain the remaining interest. NETGEAR expects Arlo to confidentially submit a draft registration statement with the Securities and Exchange Commission (SEC) in the first half of 2018, with the IPO expected to be completed in the second half of 2018.

December 27, 2017: Workhorse Group (WKHS), an American technology company focused on providing sustainable and cost-effective electric mobility solutions to the transportation sector, announced its intention to spin off its aviation division, which includes its SureFlyTM personal helicopter, into a separate publicly traded company named SureFly, Inc.

On December 21, 2017, Array BioPharma (ARRY) contributed certain rights and assets related to its ARRY-797 drug program, including all patents, patent applications and other intellectual property rights, pre-clinical and clinical data, regulatory submissions, inventory, contracts, equipment and books and records related to its ARRY-797 drug program (the “797 Assets”), to Yarra Therapeutics, LLC, a Delaware limited liability company and wholly-owned subsidiary of Array (“Yarra”).

December 14, 2017: The Walt Disney Company (DIS) and Twenty-First Century Fox (FOX) announced that they have entered into a definitive agreement for Disney to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock. Immediately prior to the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders.

December 14, 2017: DDR Corp. (DDR) announced that the Company’s Board of Directors has unanimously approved a plan to spin off a portfolio of 50 assets, comprised of 38 Continental U.S. assets and the entirety of the Puerto Rico portfolio into a separate publicly-traded REIT to be named Retail Value Trust (“RVT”). RVT expects to confidentially file its initial Form 10 registration statement with the U.S. Securities and Exchange Commission in the first quarter of 2018, and the spin-off is expected to be completed during the summer of 2018.

February 14, 2018: DDR Corp. (DDR) announced the closing of the $1.35 billion mortgage associated with the planned spin-off of Retail Value Inc (“RVI”).

December 12, 2017: Trinity Industries (TRN) announced that its Board of Directors has unanimously approved a plan to pursue a spin-off of the Company’s infrastructure-related businesses to Trinity shareholders. The separation is planned as a tax-free spin-off transaction to the Company's shareholders for U.S. federal income tax purposes and is expected to be completed in the second half of 2018.

May 15, 2018: Trinity Industries (TRN) introduced the name of its future infrastructure company as Arcosa, Inc. following the separation of the two companies into independent, publicly-traded companies. The previously announced spin-off transaction remains on track to be completed in the fourth quarter of 2018 through a tax-free spin of Arcosa to Trinity stockholders.

November 22, 2017: Select Income REIT (SIR) announced that its subsidiary, Industrial Logistics Properties Trust, or ILPT, has filed a registration statement with the Securities and Exchange Commission, or SEC, for an initial public offering, or an IPO, of common shares.

October 11, 2017: DXC Technology (DXC) announced that its board of directors has unanimously approved a plan to combine its U.S. Public Sector (USPS) business with Vencore Holding Corporation and KeyPoint Government Solutions to form a separate, independent publicly traded company to serve U.S. public sector clients. The formation of the new company is expected to be completed by the end of March 2018, subject to regulatory and other approvals.

March 8, 2018: Perspecta will be the name of the new company formed by the proposed merger of the U.S. Public Sector Business of DXC Technology (DXC) with Vencore Holding Corporation and KeyPoint Government Solutions when the transaction closes. Today’s announcement revealed the company name and logo. The full launch of the new brand will take place with the debut of the new company, which is expected in May 2018.

May 7, 2018: DXC Technology (DXC) announced that its Board of Directors has set a record date of May 25, 2018 for the previously announced spin-off of its U.S. public sector business into a new, publicly traded company named Perspecta (PRSP).

October 8, 2017: Honeywell International (HON) plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business.

February 26, 2018: Honeywell (HON) that it will appoint former long-time company executive Roger Fradin as the Chairman of the Board for the Homes and Global Distribution business spinoff announced last year. Fradin will start immediately to help Homes transition into a separate, stand-alone business. The spins are expected to be completed by the end of 2018.

October 8, 2017: Honeywell International (HON) plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business.

February 26, 2018: Honeywell (HON) that it will appoint former long-time company executive Roger Fradin as the Chairman of the Board for the Homes and Global Distribution business spinoff announced last year. Fradin will start immediately to help Homes transition into a separate, stand-alone business. The spins are expected to be completed by the end of 2018.

September 25, 2017: Pfizer (PFE) announced that it will spin off four experimental drugs that it had decided to shelve into a new company, called SpringWorks Therapeutics that will eventually go public, to give them a better chance to get developed with the backing of outside investors including Bain Capital.

September 14, 2017: Autoliv (ALV) announced that its Board of Directors has instructed management to conduct a strategic review of its operating structure with the intent to create separate companies of its two current business segments, Passive Safety and Electronics. The intent is to create two publicly traded companies capable of addressing two distinct, growing markets with leading product offerings and thereby create additional value for shareholders, customers and other stakeholders as compared to the current, combined structure of Autoliv. The strategic review process will evaluate this and other options.

December 12, 2017: Autoliv (ALV) announced that its Board of Directors has concluded its strategic review and decided to prepare for a spin-off of its Electronics business segment, creating a new, independent publicly traded company during the third quarter of 2018.

February 19, 2018: In December 2017, Autoliv's Board of Directors decided to continue with the spin-off of its Electronics business segment – now to be named Veoneer – creating a new, independent publicly traded company during the third quarter of 2018. Autoliv's current Passive Safety segment will continue to operate under the Autoliv name, with continued listings on the NYSE and Nasdaq Stockholm.

April 26, 2018: Autoliv (ALV) announced important steps in the process to spin-off its Electronics business. The Company anticipates trading in Veoneer to begin in the early part of the third quarter of 2018 with listings on the New York Stock Exchange and Nasdaq Stockholm.

May 21, 2018: Autoliv (ALV) announced that Veoneer, its electronics segment, has filed an amendment to its Registration Statement on Form 10 in connection with its planned spin-off from Autoliv.

September 14, 2017: Autoliv (ALV) announced that its Board of Directors has instructed management to conduct a strategic review of its operating structure with the intent to create separate companies of its two current business segments, Passive Safety and Electronics. The intent is to create two publicly traded companies capable of addressing two distinct, growing markets with leading product offerings and thereby create additional value for shareholders, customers and other stakeholders as compared to the current, combined structure of Autoliv. The strategic review process will evaluate this and other options.

December 12, 2017: Autoliv (ALV) announced that its Board of Directors has concluded its strategic review and decided to prepare for a spin-off of its Electronics business segment, creating a new, independent publicly traded company during the third quarter of 2018.

February 19, 2018: In December 2017, Autoliv's Board of Directors decided to continue with the spin-off of its Electronics business segment – now to be named Veoneer – creating a new, independent publicly traded company during the third quarter of 2018. Autoliv's current Passive Safety segment will continue to operate under the Autoliv name, with continued listings on the NYSE and Nasdaq Stockholm.

April 26, 2018: Autoliv (ALV) announced important steps in the process to spin-off its Electronics business. The Company anticipates trading in Veoneer to begin in the early part of the third quarter of 2018 with listings on the New York Stock Exchange and Nasdaq Stockholm.

May 21, 2018: Autoliv (ALV) announced that Veoneer, its electronics segment, has filed an amendment to its Registration Statement on Form 10 in connection with its planned spin-off from Autoliv.

August 24, 2017: Platform Specialty Products Corporation (PAH), a global, diversified specialty chemicals company, announced its intention to separate its Agricultural Solutions and Performance Solutions segments.

August 24, 2017: Platform Specialty Products Corporation (PAH), a global, diversified specialty chemicals company, announced its intention to separate its Agricultural Solutions and Performance Solutions segments.

August 3, 2017: Spirit Realty Capital (SRC) announced the planned spin-off of a separate publicly traded REIT ("SpinCo"). Spirit intends to spin-off substantially all of its properties leased to Shopko and its assets that collateralize Master Trust 2014 (part of Spirit's asset-backed securitization program into a separate, publicly traded REIT. Upon completion of the planned spin-off, Spirit stockholders will receive a stock distribution. SpinCo intends to elect to be treated as a REIT for U.S. federal income tax purposes. The spin-off is expected to close by the end of the first half of 2018. SpinCo expects to file a Form 10 registration statement with the Securities and Exchange Commission by the end of the fourth quarter of 2017.

March 6, 2018: Spirit Realty Capital (SRC) announced that its subsidiary, Spirit MTA REIT ("SMTA"), has publicly filed with the U.S. Securities and Exchange Commission a registration statement on Form 10 in connection with the previously announced spin-off of certain assets of the Company into SMTA and the subsequent distribution of SMTA's common shares of beneficial interest to the Company's common stockholders. The spin-off is currently anticipated to be completed in the first half of 2018.

April 13, 2018: Spirit Realty Capital (SRC) announced that its subsidiary, Spirit MTA REIT, has publicly filed with the U.S. Securities and Exchange Commission an amended registration statement on Form 10 in connection with the previously announced spin-off of certain assets of the Company into SMTA and the subsequent distribution of SMTA's common shares of beneficial interest to the Company's common stockholders. The spin-off is currently anticipated to be completed in the first half of 2018.

May 1, 2018: Spirit Realty Capital (SRC) announced that its Board of Directors has formally declared the distribution of common stock of Spirit MTA REIT (“SMTA”) in connection with the spin-off of SMTA from Spirit Realty Capital. Following the distribution, SMTA will be an independent, publicly-traded real estate investment trust that owns the assets that collateralize Master Trust 2014, substantially all the properties leased to Shopko Retail Shops Holding Corp. and certain of its affiliates, as well as certain other assets.
The distribution will be made on or about May 31, 2018 to Spirit stockholders of record as of 5:00 PM Eastern Time on May 18, 2018.

May 4, 2018: Spirit Realty Capital (SRC) announced that its subsidiary, Spirit MTA REIT , has publicly filed with the U.S. Securities and Exchange Commission a second amendment to its registration statement on Form 10 in connection with the previously announced spin-off of certain assets of the Company into SMTA and the subsequent distribution of SMTA's common shares of beneficial interest to the Company's common stockholders.

May 21, 2018: Spirit MTA REIT entered into a Separation and Distribution Agreement with Spirit Realty Capital (SRC) to effect the spin-off of the Company from SRC and provide a framework for the relationship between the Company and SRC after the spin-off.

August 2, 2017: Wyndham Worldwide (WYN) announced plans to spin off the company’s hotel business resulting in two separate, publicly traded companies.  Wyndham Hotel Group, with headquarters in Parsippany, NJ, will become a new, publicly traded pure-play hotel company with a portfolio of renowned brands. The transaction, which is expected to be tax-free to Wyndham Worldwide and its shareholders, will be effected through a pro rata distribution of the new hotel company’s stock to existing Wyndham Worldwide shareholders.  Wyndham Worldwide expects the transaction to be completed in the first half of 2018.

March 19, 2018: Wyndham Worldwide Corporation (WYN) announced the filing of a Registration Statement on Form 10 with the Securities and Exchange Commission by Wyndham Hotels & Resorts, Inc. (Wyndham Hotels) in connection with Wyndham Worldwide’s planned spin-off of its hotel business.  Following the consummation of the spin-off, Wyndham Worldwide is expected to be known as Wyndham Destinations, Inc. The separation will not require a shareholder vote and is expected to be completed in the second quarter of 2018.

April 19, 2018: Wyndham Worldwide Corporation (WYN) reported the anticipated composition of the board of directors of Wyndham Hotels & Resorts, Inc. subject to completion of its previously disclosed spin-off transaction. As previously announced, the spin-off is expected to result in two separate, publicly traded companies. As a result of the spin-off, Wyndham Worldwide Corporation’s hotel group business will become a new publicly traded hotel franchising and management company, Wyndham Hotels & Resorts. Wyndham Worldwide Corporation will continue its vacation ownership business and destination network business and be renamed Wyndham Destinations, Inc. in connection with the spin-off. Wyndham Worldwide Corporation expects to complete the spin-off in the second quarter of 2018.

May 9, 2018: Wyndham Worldwide Corporation (WYN) announced that its Board of Directors has approved the previously announced spin-off of its wholly-owned subsidiary Wyndham Hotels & Resorts.  The distribution is expected to occur after the market close on May 31, 2018 to Wyndham Worldwide stockholders of record as of May 18, 2018.

May 14, 2018: Wyndham Worldwide’s (WYN) Board of Directors revised its dividend policy in connection with the spin-off to provide that Wyndham Worldwide will pay a quarterly cash dividend of $0.41 per share of Wyndham Worldwide common stock beginning in the second quarter of 2018.

May 15, 2018: Wyndham Hotels’ Board of Directors adopted a dividend policy pursuant to which Wyndham Hotels will pay a regular quarterly dividend on Wyndham Hotels common stock in the amount of $0.25 per share beginning in the second quarter of 2018.

August 2, 2017: FMC Corporation (FMC) announced in their Quarterly Report, filed on August 2, 2017 that they continue to invest in FMC Lithium and to move forward with their plans to expand their lithium hydroxide operations. They will continue to operate FMC Lithium as a standalone business within FMC. Their strategic intent is that they will spin off FMC Lithium as a separate, publicly traded company.

February 26, 2018: FMC Corp (FMC) is planning a $500 million initial public offering of a stake in its lithium business on the New York Stock Exchange this fall.

July 27, 2017: Marathon Petroleum Corportaion (MPC) expects to have a decision on whether to spin off the company by the end of the third quarter.

July 26, 2017: La Quinta Holdings (LQ) announced that a Form 10 Registration Statement was filed today with the U.S. Securities and Exchange Commission with respect to the previously announced planned separation of its real estate business, which is to be named CorePoint Lodging Inc. from its franchise and management businesses (“new La Quinta” or “post-spin La Quinta”) creating two distinct, publicly traded companies.

January 18, 2018: La Quinta (LQ) announced that Wyndham Worldwide Corporation (WYN) and La Quinta have entered into a definitive agreement under which Wyndham Worldwide will acquire La Quinta’s hotel franchise and hotel management businesses for $1.95 billion in cash. Immediately prior to the sale of La Quinta to Wyndham Worldwide, La Quinta will spin-off its owned real estate assets into CorePoint. The acquisition is subject to the completion of the spin-off of the Company, approval by La Quinta stockholders, regulatory approvals and the satisfaction of other customary closing conditions, and is expected to close in the second quarter of 2018.

April 26, 2018: At a special meeting, stockholders of La Quinta Holdings (LQ) approved the adoption of the Agreement and Plan of Merger, by and among Wyndham Worldwide Corporation (WYN) and La Quinta. The Merger Consideration is in addition to the shares of CorePoint Lodging that their stockholders will receive in the spin-off of CorePoint Lodging Inc.

May 8, 2018: La Quinta Holdings (LQ) announced that its Board of Directors has formally approved the distribution to its stockholders of all of the outstanding shares of common stock of CorePoint Lodging, which will become the holder of the owned real estate assets previously held by La Quinta. Subject to the satisfaction or waiver of certain conditions, the completion of the CorePoint Lodging spin-off, followed by the completion of the La Quinta Merger, is expected to be completed on May 30, 2018.

July 26, 2017: ServiceMaster Global Holdings (SERV) announced its intention to separate its American Home Shield (AHS) business from its Terminix and Franchise Services Group (FSG) businesses. The separation of AHS is expected to result in two publicly traded companies – ServiceMaster and AHS – by means of a spin-off of the AHS business to ServiceMaster shareholders, in a transaction intended to be tax-free.  The transaction is expected to be completed in the third quarter of 2018.

March 26, 2018: ServiceMaster Global Holdings, Inc. (SERV), a leading provider of essential residential and commercial services, today provided the following update in connection with its previously announced spin-off of American Home Shield (AHS). The spin-off continues to be on track to be completed in the third quarter of 2018.

March 27, 2018: ServiceMaster Global Holdings (SERV) provided an update in connection with its previously announced spin-off of American Home Shield and announced the Interim President of AHS.

May 3, 2018: ServiceMaster Global Holdings (SERV) announced the appointment of Rex Tibbens as President and Chief Executive Officer of its American Home Shield business, effective May 15, 2018. ServiceMaster’s previously announced spin-off of its American Home Shield business is on track to be completed in the third quarter of 2018, at which time Mr. Tibbens will continue to lead the brand.

February 9, 2017: BGC Partners (BGCP) announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of the Class A common stock of a newly formed subsidiary that will hold BGC’s Real Estate Services business, which operates as “Newmark Grubb Knight Frank”, or “NGKF”.

December 15, 2017: BGC Partners (BGCP) and Newmark Group, Inc., a subsidiary of BGC that holds BGC’s Real Estate Services business, announced the pricing of Newmark’s initial public offering of 20 million shares of Newmark’s Class A common stock at a price to the public of $14.00 per share. Newmark’s Class A shares are expected to begin trading on December 15, 2017 on the NASDAQ Global Select Market under the symbol (NMRK), and the IPO is expected to close on or about December 19, 2017, subject to customary closing conditions.

May 3, 2018: BGC Partners (BGCP) filed their First Quarter 2018 earnings on May 3, 2018. Regarding the spin-off of Newmark (NMRK), it is mentioned in the filing that, "Had the spin-off occurred immediately following close of the first quarter of 2018, the ratio of Newmark common shares to be distributed in respect of each BGC common share would have been approximately 0.4702. However, the exact ratio of Newmark common shares to be distributed in respect of each BGC common share in the spin-off will depend on, among other things, the number of BGC common shares outstanding and the number of Newmark common shares owned by BGC as of the record date of the spin-off. The spin-off is subject to a number of conditions, and BGC may determine not to proceed with the spin-off if the BGC board of directors determines, in its sole discretion, that the spin-off is not in the best interest of the Company and its stockholders. Accordingly, the spin-off may not occur on any expected timeframe, or at all."

December 11, 2015: DuPont (DD) and The Dow Chemical Company (DOW) announced that their boards of directors unanimously approved a definitive agreement under which the companies will combine in an all-stock merger of equals. The combined company will be named DowDuPont. The parties intend to subsequently pursue a separation of DowDuPont into three independent, publicly traded companies through tax-free spin-offs. This would occur as soon as feasible, which is expected to be 18-24 months following the closing of the merger, subject to regulatory and board approval.

August 4, 2017: DuPont (DD) and The Dow Chemical Company (DOW) announced that all required regulatory approvals and clearances have been received, that all conditions to closing of their merger of equals have been satisfied, and that their merger of equals will close after the market closes on August 31, 2017. Shares of Dow and DuPont will cease trading at the close of the New York Stock Exchange on August 31. Shares of DowDuPont will begin trading on the NYSE under the stock ticker symbol “DWDP” on September 1, 2017. The companies continue to expect the intended spin-offs to occur within 18 months of closing.

September 1, 2017: DowDuPont (DWDP) announced the successful completion of the merger of equals between The Dow Chemical Company and E.I. du Pont de Nemours & Company (“DuPont”), effective Aug. 31, 2017. The combined entity is operating as a holding company under the name “DowDuPont™” with three divisions – Agriculture, Materials Science and Specialty Products.

September 12, 2017: DowDuPont (DWDP) announced that its Board of Directors and management, with the assistance of independent advisors, have completed their comprehensive review of the portfolio composition of the three intended independent companies. Following the portfolio realignments, the three intended companies of DowDuPont are as follows:
1) A leading Agriculture Company
2) A leading Materials Science Company
3) A leading Specialty Products Company

On a forecasted 2017 basis, the businesses that will be realigned to the Specialty Products Division account for total net sales of more than $8 billion and operating EBITDA of approximately $2.4 billion, including approximately 40 percent of the heritage Dow Corning EBITDA. Relative to the original merger agreement, the adjustments are as follows:

- Approximately $4 billion of net sales from the heritage Dow portfolio, evenly split between the Consumer Solutions and Infrastructure Solutions segments; and

- Approximately $4 billion of net sales from the heritage DuPont Performance Polymers business moving to the Specialty Products Division.

October 26, 2017: DowDuPont (DWDP) filed a  Form 8-K reflecting the new segment structure of DowDuPont. Following the Merger, new reportable segments were created and DowDuPont began to manage and report its operating results through the new reportable segments: Agriculture; Performance Materials & Coatings; Industrial Intermediates & Infrastructure; Packaging & Specialty Plastics; Electronics & Imaging; Nutrition & Biosciences; Transportation & Advanced Polymers; Safety & Construction and Corporate. DowDuPont will report geographic information for the following areas: U.S. & Canada, Asia Pacific, Latin America and Europe, Middle East, and Africa ("EMEA"). As a result of the Merger, Dow changed the geographic alignment for the country of India to be reflected in Asia Pacific (previously reported in EMEA) and aligned Puerto Rico to U.S. & Canada (previously reported in Latin America).

February 26, 2018: DowDuPont (DWDP) unveiled the brand names it plans to give the three independent companies it will create following the merger of the former DuPont and Dow Chemical. The company said the agriculture division will be named Corteva Agriscience, the materials science division will be called Dow and the specialty products division will be called DuPont. The materials science division is expected to be spun off by the end of the first quarter of 2019, while agriculture and specialty products are expected to separate by June 1, 2019.

December 11, 2015: DuPont (DD) and The Dow Chemical Company (DOW) announced that their boards of directors unanimously approved a definitive agreement under which the companies will combine in an all-stock merger of equals. The combined company will be named DowDuPont. The parties intend to subsequently pursue a separation of DowDuPont into three independent, publicly traded companies through tax-free spin-offs. This would occur as soon as feasible, which is expected to be 18-24 months following the closing of the merger, subject to regulatory and board approval.

August 4, 2017: DuPont (DD) and The Dow Chemical Company (DOW) announced that all required regulatory approvals and clearances have been received, that all conditions to closing of their merger of equals have been satisfied, and that their merger of equals will close after the market closes on August 31, 2017. Shares of Dow and DuPont will cease trading at the close of the New York Stock Exchange on August 31. Shares of DowDuPont will begin trading on the NYSE under the stock ticker symbol “DWDP” on September 1, 2017. The companies continue to expect the intended spin-offs to occur within 18 months of closing.

September 1, 2017: DowDuPont (DWDP) announced the successful completion of the merger of equals between The Dow Chemical Company and E.I. du Pont de Nemours & Company (“DuPont”), effective Aug. 31, 2017. The combined entity is operating as a holding company under the name “DowDuPont™” with three divisions – Agriculture, Materials Science and Specialty Products.

September 12, 2017: DowDuPont (DWDP) announced that its Board of Directors and management, with the assistance of independent advisors, have completed their comprehensive review of the portfolio composition of the three intended independent companies. Following the portfolio realignments, the three intended companies of DowDuPont are as follows:
1) A leading Agriculture Company
2) A leading Materials Science Company
3) A leading Specialty Products Company

On a forecasted 2017 basis, the businesses that will be realigned to the Specialty Products Division account for total net sales of more than $8 billion and operating EBITDA of approximately $2.4 billion, including approximately 40 percent of the heritage Dow Corning EBITDA. Relative to the original merger agreement, the adjustments are as follows:

- Approximately $4 billion of net sales from the heritage Dow portfolio, evenly split between the Consumer Solutions and Infrastructure Solutions segments; and

- Approximately $4 billion of net sales from the heritage DuPont Performance Polymers business moving to the Specialty Products Division.

October 26, 2017: DowDuPont (DWDP) filed a  Form 8-K reflecting the new segment structure of DowDuPont. Following the Merger, new reportable segments were created and DowDuPont began to manage and report its operating results through the new reportable segments: Agriculture; Performance Materials & Coatings; Industrial Intermediates & Infrastructure; Packaging & Specialty Plastics; Electronics & Imaging; Nutrition & Biosciences; Transportation & Advanced Polymers; Safety & Construction and Corporate. DowDuPont will report geographic information for the following areas: U.S. & Canada, Asia Pacific, Latin America and Europe, Middle East, and Africa ("EMEA"). As a result of the Merger, Dow changed the geographic alignment for the country of India to be reflected in Asia Pacific (previously reported in EMEA) and aligned Puerto Rico to U.S. & Canada (previously reported in Latin America).

February 26, 2018: DowDuPont (DWDP) unveiled the brand names it plans to give the three independent companies it will create following the merger of the former DuPont and Dow Chemical. The company said the agriculture division will be named Corteva Agriscience, the materials science division will be called Dow and the specialty products division will be called DuPont. The materials science division is expected to be spun off by the end of the first quarter of 2019, while agriculture and specialty products are expected to separate by June 1, 2019.

December 11, 2015: DuPont (DD) and The Dow Chemical Company (DOW) announced that their boards of directors unanimously approved a definitive agreement under which the companies will combine in an all-stock merger of equals. The combined company will be named DowDuPont. The parties intend to subsequently pursue a separation of DowDuPont into three independent, publicly traded companies through tax-free spin-offs. This would occur as soon as feasible, which is expected to be 18-24 months following the closing of the merger, subject to regulatory and board approval.

August 4, 2017: DuPont (DD) and The Dow Chemical Company (DOW) announced that all required regulatory approvals and clearances have been received, that all conditions to closing of their merger of equals have been satisfied, and that their merger of equals will close after the market closes on August 31, 2017. Shares of Dow and DuPont will cease trading at the close of the New York Stock Exchange on August 31. Shares of DowDuPont will begin trading on the NYSE under the stock ticker symbol “DWDP” on September 1, 2017. The companies continue to expect the intended spin-offs to occur within 18 months of closing.

September 1, 2017: DowDuPont (DWDP) announced the successful completion of the merger of equals between The Dow Chemical Company and E.I. du Pont de Nemours & Company (“DuPont”), effective Aug. 31, 2017. The combined entity is operating as a holding company under the name “DowDuPont™” with three divisions – Agriculture, Materials Science and Specialty Products.

September 12, 2017: DowDuPont (DWDP) announced that its Board of Directors and management, with the assistance of independent advisors, have completed their comprehensive review of the portfolio composition of the three intended independent companies. Following the portfolio realignments, the three intended companies of DowDuPont are as follows:
1) A leading Agriculture Company
2) A leading Materials Science Company
3) A leading Specialty Products Company

On a forecasted 2017 basis, the businesses that will be realigned to the Specialty Products Division account for total net sales of more than $8 billion and operating EBITDA of approximately $2.4 billion, including approximately 40 percent of the heritage Dow Corning EBITDA. Relative to the original merger agreement, the adjustments are as follows:

- Approximately $4 billion of net sales from the heritage Dow portfolio, evenly split between the Consumer Solutions and Infrastructure Solutions segments; and

- Approximately $4 billion of net sales from the heritage DuPont Performance Polymers business moving to the Specialty Products Division.

October 26, 2017: DowDuPont (DWDP) filed a  Form 8-K reflecting the new segment structure of DowDuPont. Following the Merger, new reportable segments were created and DowDuPont began to manage and report its operating results through the new reportable segments: Agriculture; Performance Materials & Coatings; Industrial Intermediates & Infrastructure; Packaging & Specialty Plastics; Electronics & Imaging; Nutrition & Biosciences; Transportation & Advanced Polymers; Safety & Construction and Corporate. DowDuPont will report geographic information for the following areas: U.S. & Canada, Asia Pacific, Latin America and Europe, Middle East, and Africa ("EMEA"). As a result of the Merger, Dow changed the geographic alignment for the country of India to be reflected in Asia Pacific (previously reported in EMEA) and aligned Puerto Rico to U.S. & Canada (previously reported in Latin America).

February 26, 2018: DowDuPont (DWDP) unveiled the brand names it plans to give the three independent companies it will create following the merger of the former DuPont and Dow Chemical. The company said the agriculture division will be named Corteva Agriscience, the materials science division will be called Dow and the specialty products division will be called DuPont. The materials science division is expected to be spun off by the end of the first quarter of 2019, while agriculture and specialty products are expected to separate by June 1, 2019.

This is a partial spinoff.

August 7, 2017: Payment of the cash dividend and the distribution of shares are expected to be on or about August 31, 2017 to shareholders of record August 14, 2017. (NAT) will distribute one (NAO) share per 24.4 NAT shares. NAT will not distribute fractional NAO shares. Fractional shares will be compensated by a cash dividend based on the NAO closing price on July 20, 2017, which was $1.22.