Upcoming Spinoffs

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  Spinoff Name Announced Date Potential Spinoff Date Parent Name Parent Symbol Type
SpinCo 12/03/2020 Q3 2021 International Paper Company IP Carve Out
International Paper Company, spinoff details:

December 3, 2020:  International Paper (IP) announced a plan to pursue a spin-off of the Company’s Printing Papers segment into a standalone, publicly traded company (“SpinCo”). The transaction will result in two streamlined, leading companies well positioned for long-term success. Upon completion of the transaction, International Paper and SpinCo will each be well positioned to create long-term value. The Company expects to complete the spin-off late in the third quarter of 2021.

NewCo 12/02/2020 Q4 2021 XPO Logistics, Inc. XPO Carve Out
XPO Logistics, Inc., spinoff details:

December 2, 2020: XPO Logistics (XPO) announced that its board of directors has unanimously approved a plan to pursue a spin-off of 100% of its logistics segment as a separate publicly traded company. XPO intends to structure the spin-off as a transaction that is tax-free to XPO shareholders and would result in XPO shareholders owning stock in both companies.

Brookfield Asset Management Reinsurance Partners 11/12/2020 Q2 2021 Brookfield Asset Management BAM Spinoff
Brookfield Asset Management, spinoff details:

November 12, 2020: Brookfield Asset Management (BAM) announced that it intends to distribute, in the first half of 2021, a special dividend in the form of a newly created “paired” entity, Brookfield Asset Management Reinsurance Partners (“BAM Reinsurance”). BAM Reinsurance also intends to apply to list its class A shares in the United States on the NYSE and in Canada on the TSX. Subject to the receipt of all regulatory approvals, Brookfield anticipates completing the special distribution in the first half of 2021.

Vimeo 11/05/2020 N/A IAC/InterActiveCorp IAC Spinoff
IAC/InterActiveCorp, spinoff details:

November 5, 2020: IAC announced it is considering a spin-off of its ownership stake in Vimeo to its shareholders.

Solar Juice 10/27/2020 N/A SPI Energy Co., Ltd. SPI Spinoff
SPI Energy Co., Ltd., spinoff details:

October 27, 2020: SPI Energy (SPI) announced that its Board of Directors has approved the Company's plan to spin off its Solar Juice subsidiary through an initial public offering.

DTE Midstream business 10/27/2020 Q2 2021 DTE Energy Company DTE Spinoff
DTE Energy Company, spinoff details:

October 27, 2020: DTE Energy (DTE) announced that the Company’s Board of Directors has unanimously authorized management to pursue a plan to spin-off the DTE Midstream business from DTE Energy.

Life & Retirement business 10/26/2020 N/A American International Group AIG Carve Out
American International Group, spinoff details:

October 26, 2020: American International Group (AIG) announced its intention to separate its Life & Retirement business from AIG.

NewCo 10/08/2020 Q4 2021 International Business Machines Corporation IBM Carve Out
International Business Machines Corporation, spinoff details:

October 8, 2020: IBM (IBM) announced that it will accelerate its hybrid cloud growth strategy to drive digital transformations for its clients. Additionally, IBM will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company (“NewCo”). This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value. The separation is expected to be achieved as a tax-free spin-off to IBM shareholders, and completed by the end of 2021.

Spinco 10/05/2020 03/31/2021 Gold Resource Corporation GORO Carve Out
Gold Resource Corporation, spinoff details:

October 5, 2020: Gold Resource Corporation (GORO) announced its intent to spin-off its Nevada Mining Unit to shareholders as a separate, publicly-traded company (“Spinco”). The transaction is targeted to be completed by year-end 2020 or the first quarter of 2021.

Aimco 09/22/2020 N/A Apartment Investment and Management Company AIV Splitoff
Apartment Investment and Management Company, spinoff details:

September 22, 2020: Apartment Investment and Management Company (AIV) announced the closing of a California joint venture and its plan to separate its business through a spin-off, into two, separate and distinct, publicly traded companies, Apartment Income REIT and Aimco.

Vontier Corporation 09/01/2020 10/09/2020 Fortive Corporation FTV Splitoff
Fortive Corporation, spinoff details:

September 1, 2020: Fortive Corporation (FTV) announced its intention to separate Vontier Corporation through a spin-off of 80.1% of the outstanding shares of Vontier common stock to Fortive shareholders. When completed, the transaction will result in two independent, publicly traded companies:

  • Fortive, an industrial growth company providing essential products, software, and services in field solutions, product realization, sensing and health.
  • Vontier, a global industrial technology company delivering market-leading solutions and data-driven insights to advance efficiency, safety, security, and environmental compliance for its customers in mobility infrastructure end-markets.
LENSAR, Inc. 08/26/2020 N/A PDL BioPharma, Inc. PDLI Spinoff
PDL BioPharma, Inc., spinoff details:

August 26, 2020: PDL BioPharma (PDLI) announced that its majority owned medical device subsidiary, LENSAR, has filed a registration statement on Form 10 with the Securities and Exchange Commission relating to a potential spin-off of LENSAR from PDL. In the event the spin-off is consummated, LENSAR has applied to list shares of its common stock on the NASDAQ stock market under the ticker symbol “LNSR.”

Bausch + Lomb 08/06/2020 N/A Bausch Health Companies Inc. BHC Splitoff
Bausch Health Companies Inc., spinoff details:

August 8, 2020: Bausch Health Companies (BHC) announced that it intends to spin off its leading eye health business into an independent publicly traded entity (“Bausch + Lomb - NewCo”) from the remainder of Bausch Health (“BHC”). The spinoff will establish two separate companies that include:
•A fully integrated, pure play eye-health company built on the iconic Bausch + Lomb brand and long history of innovation; and
•A diversified pharmaceutical company with leading positions in gastroenterology, aesthetics/dermatology, neurology and international pharmaceuticals.

Curibaya 07/29/2020 Q4 2020 Auryn Resources Inc. AUG Spinoff
Auryn Resources Inc., spinoff details:

July 29, 2020: Auryn Resources (AUG) and Eastmain Resources announced that they have entered into a definitive agreement pursuant to which Auryn will acquire all of the issued and outstanding shares of Eastmain, immediately following a spin out of Auryn’s Peruvian projects to Auryn shareholders and completion of a concurrent financing. The Transaction will create Fury Gold Mines Limited and two independent spin-out entities - “SpinCo Sombrero” consisting of the Sombrero project and “SpinCo Curibaya” consisting of the Curibaya and Huilacollo projects.

Sombrero 07/29/2020 Q4 2020 Auryn Resources Inc. AUG Spinoff
Auryn Resources Inc., spinoff details:

July 29, 2020: Auryn Resources (AUG) and Eastmain Resources announced that they have entered into a definitive agreement pursuant to which Auryn will acquire all of the issued and outstanding shares of Eastmain, immediately following a spin out of Auryn’s Peruvian projects to Auryn shareholders and completion of a concurrent financing. The Transaction will create Fury Gold Mines Limited and two independent spin-out entities - “SpinCo Sombrero” consisting of the Sombrero project and “SpinCo Curibaya” consisting of the Curibaya and Huilacollo projects.

Qualtrics 07/26/2020 N/A SAP SE SAP Carve Out
SAP SE, spinoff details:

July 26, 2020: SAP SE (SAP) announced its intent to take Qualtrics public through an initial public offering (IPO) in the United States.

White Cap 07/17/2020 N/A HD Supply Holdings, Inc. HDS Carve Out
HD Supply Holdings, Inc., spinoff details:

July 17, 2020: The board of directors of HD Supply Holdings (HDS) has approved the spinoff to stockholders of our White Cap Construction & Industrial business unit. White Cap is a leading distributor of specialty concrete and construction products and services in North America serving professional contractors. Its common stock will be listed on The Nasdaq Stock Market under the symbol "WCAP." Following completion of the spinoff, HD Supply common shares will continue to trade on NASDAQ under the symbol "HDS" and HD Supply will continue to operate its Facilities Maintenance business unit.

MYOS muscle health business 06/30/2020 12/31/2020 MYOS RENS Technology Inc. MYOS Spinoff
MYOS RENS Technology Inc., spinoff details:

June 30, 2020: MYOS RENS Technology (MYOS) and MedAvail announced that they have entered into a definitive Agreement and Plan of Merger and Reorganization in which a wholly-owned subsidiary of MYOS will merge with and into MedAvail, with MedAvail being the surviving corporation and a wholly-owned subsidiary of MYOS. The combined company will focus on advancing MedAvail's network of in-clinic pharmacies within Medicare sites across the U.S., while the current MYOS muscle health business will be spun off as a private unaffiliated company.

New BBX Capital, 06/17/2020 N/A BBX Capital Corporation BBX Spinoff
BBX Capital Corporation, spinoff details:

June 17, 2020: BBX Capital Corporation (BBX) announced its intention to spin off its subsidiary, BBX Capital Florida LLC (“New BBX Capital”), in order to separate the business, activities and investments of the Company into two separate, publicly-traded companies: (i) the Company, which will continue to hold its investment in Bluegreen Vacations Corporation (“Bluegreen Vacations”), a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations, and (ii) New BBX Capital, which will continue to hold or will hold at the time of the spin-off all of the Company’s other businesses and investments, including BBX Capital Real Estate LLC, BBX Sweet Holdings, LLC and Renin Holdings, LLC. As a result of the spin-off, the Company will cease to have any ownership interest in New BBX Capital and will become a “pure-play” Bluegreen Vacations holding company.

Neurotrope Bioscience, Inc. 05/28/2020 Q4 2020 Neurotrope, Inc. NTRP Reverse Morris Trust
Neurotrope, Inc., spinoff details:

May 28. 2020: Neurotrope (NTRP) has entered into a definitive merger agreement under which Metuchen Pharmaceuticals and Neurotrope will merge in an all-stock transaction resulting in a newly formed company focused on men's health conditions, which will be named Petros Pharmaceuticals, Inc. ("Petros"). Upon closing of the transaction, Bryostatin-1 and substantially all of Neurotrope's operating assets, operations and liabilities, except for cash retained by Petros in accordance with the terms of the merger agreement, will be spun-out into a new, separately traded company, which will be named Neurotrope Bioscience, Inc.

November 20, 2020: Neurotrope (NTRP) announced that its Board of Directors has approved the conditional distribution and set the shareholder of record and distribution dates in connection with the previously announced spin-off of its wholly-owned subsidiary, Neurotrope Bioscience ("NBI"). Neurotrope expects that NBI common stock will be quoted on the OTCQB market of the OTC Markets Group, Inc. under a symbol that is yet to be determined.

new active pharmaceutical ingredients (API) company 02/24/2020 Q22022 Sanofi SNY Carve Out
Sanofi, spinoff details:

February 24, 2020: Sanofi (SNY) plans to create a major leading European company dedicated to the production and marketing to third parties of active pharmaceutical ingredients (API), which are the essential molecules responsible for the beneficial effects used in the composition of any drug. The project consists of creating a standalone company which would combine Sanofi’s API commercial and development activities with six of its European API production sites : Brindisi (Italy), Frankfurt Chemistry (Germany), Haverhill (UK), St Aubin les Elbeuf (France), Újpest (Hungary) and Vertolaye (France).

Bath & Body Works 02/20/2020 N/A L Brands, Inc. LB Carve Out
L Brands, Inc., spinoff details:

February 2, 2020: L Brands (LB) and Sycamore Partners announced a strategic transaction by positioning Bath & Body Works standalone public company and separating Victoria’s Secret into a privately-held entity.

May 5, 2020: L Brands (LB) announced that it had reached an agreement with New York-based private equity firm Sycamore Partners to cancel the sale of a 55% stake in Victoria's Secret. In a statement, L Brands said it would continue to prepare Victoria's Secret to spin off as a private, standalone company. In the meantime, it says it will go forward with a plan to be centered on Bath & Body Works, which has been its faster-growing brand.

Organon & Co. 02/05/2020 Q2 2021 Merck & Co., Inc. MRK Spinoff
Merck & Co., Inc., spinoff details:

February 5, 2020: Merck (MRK), known as MSD outside the United States and Canada, announced its intention to spin-off products from its Women’s Health, trusted Legacy Brands, and Biosimilars businesses into a new, yet-to-be-named, independent, publicly traded company.

Consumer Healthcare 02/05/2020 Q1 2022 GlaxoSmithKline plc GSK Splitoff
GlaxoSmithKline plc, spinoff details:

February 5, 2020: GlaxoSmithKline (GSK) announced a new programme initiated to prepare for separation of GSK into two companies: New GSK, a biopharma company with an R&D approach focused on science related to the immune system, use of genetics and new technologies; and a new leader in Consumer Healthcare. The company announced that it is planning to split into two companies in two years.

Nutrition & Biosciences 12/15/2019 Q1 2021 DuPont de Nemours, Inc. DD Reverse Morris Trust
DuPont de Nemours, Inc., spinoff details:

December 15, 2019: IFF (IFF) and DuPont (DD) announced that they have entered into a definitive agreement for the merger of IFF and DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction.

cyber intelligence business 12/04/2019 Q1 2021 Verint Systems Inc. VRNT Splitoff
Verint Systems Inc., spinoff details:

December 4, 2019: Verint® Systems (VRNT) announced that its Board of Directors has unanimously approved proceeding with a plan to separate Verint into two independent companies: one of which will consist of its customer engagement business, and one of which will consist of its cyber intelligence business. Verint expects to complete the separation shortly after the end of Verint’s next fiscal year ending January 31, 2021.

Hispanoamerica 11/27/2019 N/A Telefonica, S.A. TEF Spinoff
Telefonica, S.A., spinoff details:

November 27, 2019: Telefónica S.A. (TEF) to Spin Off Hispanoamerica Business as Part of Action Plan.

Global Connect business 11/07/2019 Q4 2020 Nielsen Holdings plc NLSN Spinoff
Nielsen Holdings plc, spinoff details:

November 7, 2019: Nielsen Holdings (NLSN) announced the completion of its strategic review and its plan to spin-off the company's Global Connect business, creating two independent, publicly traded companies—the Global Media business and the Global Connect business—each of which will have sharper strategic focus and greater opportunity to leverage its unique competitive advantages. Nielsen currently expects the spin-off transaction to be completed in nine to twelve months

Speedway 10/31/2019 Q4 2020 Marathon Petroleum Corporation MPC Carve Out
Marathon Petroleum Corporation, spinoff details:

October 31, 2019: Marathon Petroleum Corporation (MPC) announced its intention to separate Speedway into an independent, publicly traded company.

Facilities Maintenance 09/24/2019 Q4 2020 HD Supply Holdings, Inc. HDS Splitoff
HD Supply Holdings, Inc. , spinoff details:

September 24, 2019: HD Supply Holdings (HDS) announced its intention to separate its Facilities Maintenance and Construction & Industrial businesses into two independent publicly traded companies through a distribution, which is expected to be tax-free to HD Supply shareholders for U.S. tax purposes. The separation is expected to be completed by the middle of fiscal 2020.

March 30, 2020: HD Supply Holdings (HDS) announced that due to materially changing market conditions caused by the COVID-19 pandemic, the previously announced timeline for the separation of its two businesses had been impacted. The Company remains committed to the separation of the two businesses and the strategic rationale is unchanged. The Company is continuing its preparations for separation when the markets sufficiently recover.

Conifer business 07/24/2019 2Q 2021 Tenet Healthcare Corporation THC Spinoff
Tenet Healthcare Corporation, spinoff details:

July 24, 2019: Tenet Healthcare Corporation (THC) announced its intention to pursue a tax-free spin-off of its Conifer business as a separate, independent publicly traded company. The company expects to complete the spin-off by the end of the second quarter of 2021.

Digital Farms, Inc. 11/27/2018 N/A DPW Holdings, Inc. DPW Spinoff
DPW Holdings, Inc., spinoff details:

November 27, 2018: DPW Holdings (DPW) announced that its Board of Directors has authorized the officers of DPW to pursue a spinoff of DPW’s wholly-owned subsidiary Super Crypto Mining, Inc.

January 2018: DPW formed Super Crypto Mining, Inc., a wholly-owned subsidiary, which recently changed its name to Digital Farms, Inc. (“DFI”). DFI was established to operate their newly formed cryptocurrency business, which is pursuing a variety of digital currency. They mine the top three cryptocurrencies for their own account. These cryptocurrencies include Bitcoin, Litecoin and Ethereum.

 

Prescription Pharmaceuticals (Rx) business 08/09/2018 N/A Perrigo Company plc PRGO Spinoff
Perrigo Company plc, spinoff details:

August 9, 2018: Perrigo Company (PRGO) announced that its Board of Directors approved a plan to separate the Company's Prescription Pharmaceuticals (Rx) business following the Company's previously announced strategic portfolio review.

Powertrain Technology Company 04/10/2018 Q4 2020 Tenneco Inc. TEN Spinoff
Tenneco Inc., spinoff details:

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.

DRiV Incorporated 04/10/2018 Q4 2020 Tenneco Inc. TEN Spinoff
Tenneco Inc., spinoff details:

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.

February 15, 2019: Tenneco (TEN) announced that DRiV Incorporated will be the name of the future publicly traded Aftermarket and Ride Performance company that will launch in the second half of this year, following Tenneco’s separation into two independent companies.

DWS asset management business 02/26/2018 N/A Deutsche Bank Aktiengesellschaft DB Carve Out
Deutsche Bank Aktiengesellschaft, spinoff details:

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.

  Spinoff Name Announced Date Parent Symbol
SpinCo 12/03/2020 IP
International Paper Company, spinoff details:

December 3, 2020:  International Paper (IP) announced a plan to pursue a spin-off of the Company’s Printing Papers segment into a standalone, publicly traded company (“SpinCo”). The transaction will result in two streamlined, leading companies well positioned for long-term success. Upon completion of the transaction, International Paper and SpinCo will each be well positioned to create long-term value. The Company expects to complete the spin-off late in the third quarter of 2021.

NewCo 12/02/2020 XPO
XPO Logistics, Inc., spinoff details:

December 2, 2020: XPO Logistics (XPO) announced that its board of directors has unanimously approved a plan to pursue a spin-off of 100% of its logistics segment as a separate publicly traded company. XPO intends to structure the spin-off as a transaction that is tax-free to XPO shareholders and would result in XPO shareholders owning stock in both companies.

Brookfield Asset Management Reinsurance Partners 11/12/2020 BAM
Brookfield Asset Management, spinoff details:

November 12, 2020: Brookfield Asset Management (BAM) announced that it intends to distribute, in the first half of 2021, a special dividend in the form of a newly created “paired” entity, Brookfield Asset Management Reinsurance Partners (“BAM Reinsurance”). BAM Reinsurance also intends to apply to list its class A shares in the United States on the NYSE and in Canada on the TSX. Subject to the receipt of all regulatory approvals, Brookfield anticipates completing the special distribution in the first half of 2021.

Vimeo 11/05/2020 IAC
IAC/InterActiveCorp, spinoff details:

November 5, 2020: IAC announced it is considering a spin-off of its ownership stake in Vimeo to its shareholders.

Solar Juice 10/27/2020 SPI
SPI Energy Co., Ltd., spinoff details:

October 27, 2020: SPI Energy (SPI) announced that its Board of Directors has approved the Company's plan to spin off its Solar Juice subsidiary through an initial public offering.

DTE Midstream business 10/27/2020 DTE
DTE Energy Company, spinoff details:

October 27, 2020: DTE Energy (DTE) announced that the Company’s Board of Directors has unanimously authorized management to pursue a plan to spin-off the DTE Midstream business from DTE Energy.

Life & Retirement business 10/26/2020 AIG
American International Group, spinoff details:

October 26, 2020: American International Group (AIG) announced its intention to separate its Life & Retirement business from AIG.

NewCo 10/08/2020 IBM
International Business Machines Corporation, spinoff details:

October 8, 2020: IBM (IBM) announced that it will accelerate its hybrid cloud growth strategy to drive digital transformations for its clients. Additionally, IBM will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company (“NewCo”). This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value. The separation is expected to be achieved as a tax-free spin-off to IBM shareholders, and completed by the end of 2021.

Spinco 10/05/2020 GORO
Gold Resource Corporation, spinoff details:

October 5, 2020: Gold Resource Corporation (GORO) announced its intent to spin-off its Nevada Mining Unit to shareholders as a separate, publicly-traded company (“Spinco”). The transaction is targeted to be completed by year-end 2020 or the first quarter of 2021.

Aimco 09/22/2020 AIV
Apartment Investment and Management Company, spinoff details:

September 22, 2020: Apartment Investment and Management Company (AIV) announced the closing of a California joint venture and its plan to separate its business through a spin-off, into two, separate and distinct, publicly traded companies, Apartment Income REIT and Aimco.

Vontier Corporation 09/01/2020 FTV
Fortive Corporation, spinoff details:

September 1, 2020: Fortive Corporation (FTV) announced its intention to separate Vontier Corporation through a spin-off of 80.1% of the outstanding shares of Vontier common stock to Fortive shareholders. When completed, the transaction will result in two independent, publicly traded companies:

  • Fortive, an industrial growth company providing essential products, software, and services in field solutions, product realization, sensing and health.
  • Vontier, a global industrial technology company delivering market-leading solutions and data-driven insights to advance efficiency, safety, security, and environmental compliance for its customers in mobility infrastructure end-markets.
LENSAR, Inc. 08/26/2020 PDLI
PDL BioPharma, Inc., spinoff details:

August 26, 2020: PDL BioPharma (PDLI) announced that its majority owned medical device subsidiary, LENSAR, has filed a registration statement on Form 10 with the Securities and Exchange Commission relating to a potential spin-off of LENSAR from PDL. In the event the spin-off is consummated, LENSAR has applied to list shares of its common stock on the NASDAQ stock market under the ticker symbol “LNSR.”

Bausch + Lomb 08/06/2020 BHC
Bausch Health Companies Inc., spinoff details:

August 8, 2020: Bausch Health Companies (BHC) announced that it intends to spin off its leading eye health business into an independent publicly traded entity (“Bausch + Lomb - NewCo”) from the remainder of Bausch Health (“BHC”). The spinoff will establish two separate companies that include:
•A fully integrated, pure play eye-health company built on the iconic Bausch + Lomb brand and long history of innovation; and
•A diversified pharmaceutical company with leading positions in gastroenterology, aesthetics/dermatology, neurology and international pharmaceuticals.

Curibaya 07/29/2020 AUG
Auryn Resources Inc., spinoff details:

July 29, 2020: Auryn Resources (AUG) and Eastmain Resources announced that they have entered into a definitive agreement pursuant to which Auryn will acquire all of the issued and outstanding shares of Eastmain, immediately following a spin out of Auryn’s Peruvian projects to Auryn shareholders and completion of a concurrent financing. The Transaction will create Fury Gold Mines Limited and two independent spin-out entities - “SpinCo Sombrero” consisting of the Sombrero project and “SpinCo Curibaya” consisting of the Curibaya and Huilacollo projects.

Sombrero 07/29/2020 AUG
Auryn Resources Inc., spinoff details:

July 29, 2020: Auryn Resources (AUG) and Eastmain Resources announced that they have entered into a definitive agreement pursuant to which Auryn will acquire all of the issued and outstanding shares of Eastmain, immediately following a spin out of Auryn’s Peruvian projects to Auryn shareholders and completion of a concurrent financing. The Transaction will create Fury Gold Mines Limited and two independent spin-out entities - “SpinCo Sombrero” consisting of the Sombrero project and “SpinCo Curibaya” consisting of the Curibaya and Huilacollo projects.

Qualtrics 07/26/2020 SAP
SAP SE, spinoff details:

July 26, 2020: SAP SE (SAP) announced its intent to take Qualtrics public through an initial public offering (IPO) in the United States.

White Cap 07/17/2020 HDS
HD Supply Holdings, Inc., spinoff details:

July 17, 2020: The board of directors of HD Supply Holdings (HDS) has approved the spinoff to stockholders of our White Cap Construction & Industrial business unit. White Cap is a leading distributor of specialty concrete and construction products and services in North America serving professional contractors. Its common stock will be listed on The Nasdaq Stock Market under the symbol "WCAP." Following completion of the spinoff, HD Supply common shares will continue to trade on NASDAQ under the symbol "HDS" and HD Supply will continue to operate its Facilities Maintenance business unit.

MYOS muscle health business 06/30/2020 MYOS
MYOS RENS Technology Inc., spinoff details:

June 30, 2020: MYOS RENS Technology (MYOS) and MedAvail announced that they have entered into a definitive Agreement and Plan of Merger and Reorganization in which a wholly-owned subsidiary of MYOS will merge with and into MedAvail, with MedAvail being the surviving corporation and a wholly-owned subsidiary of MYOS. The combined company will focus on advancing MedAvail's network of in-clinic pharmacies within Medicare sites across the U.S., while the current MYOS muscle health business will be spun off as a private unaffiliated company.

New BBX Capital, 06/17/2020 BBX
BBX Capital Corporation, spinoff details:

June 17, 2020: BBX Capital Corporation (BBX) announced its intention to spin off its subsidiary, BBX Capital Florida LLC (“New BBX Capital”), in order to separate the business, activities and investments of the Company into two separate, publicly-traded companies: (i) the Company, which will continue to hold its investment in Bluegreen Vacations Corporation (“Bluegreen Vacations”), a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations, and (ii) New BBX Capital, which will continue to hold or will hold at the time of the spin-off all of the Company’s other businesses and investments, including BBX Capital Real Estate LLC, BBX Sweet Holdings, LLC and Renin Holdings, LLC. As a result of the spin-off, the Company will cease to have any ownership interest in New BBX Capital and will become a “pure-play” Bluegreen Vacations holding company.

Neurotrope Bioscience, Inc. 05/28/2020 NTRP
Neurotrope, Inc., spinoff details:

May 28. 2020: Neurotrope (NTRP) has entered into a definitive merger agreement under which Metuchen Pharmaceuticals and Neurotrope will merge in an all-stock transaction resulting in a newly formed company focused on men's health conditions, which will be named Petros Pharmaceuticals, Inc. ("Petros"). Upon closing of the transaction, Bryostatin-1 and substantially all of Neurotrope's operating assets, operations and liabilities, except for cash retained by Petros in accordance with the terms of the merger agreement, will be spun-out into a new, separately traded company, which will be named Neurotrope Bioscience, Inc.

November 20, 2020: Neurotrope (NTRP) announced that its Board of Directors has approved the conditional distribution and set the shareholder of record and distribution dates in connection with the previously announced spin-off of its wholly-owned subsidiary, Neurotrope Bioscience ("NBI"). Neurotrope expects that NBI common stock will be quoted on the OTCQB market of the OTC Markets Group, Inc. under a symbol that is yet to be determined.

new active pharmaceutical ingredients (API) company 02/24/2020 SNY
Sanofi, spinoff details:

February 24, 2020: Sanofi (SNY) plans to create a major leading European company dedicated to the production and marketing to third parties of active pharmaceutical ingredients (API), which are the essential molecules responsible for the beneficial effects used in the composition of any drug. The project consists of creating a standalone company which would combine Sanofi’s API commercial and development activities with six of its European API production sites : Brindisi (Italy), Frankfurt Chemistry (Germany), Haverhill (UK), St Aubin les Elbeuf (France), Újpest (Hungary) and Vertolaye (France).

Bath & Body Works 02/20/2020 LB
L Brands, Inc., spinoff details:

February 2, 2020: L Brands (LB) and Sycamore Partners announced a strategic transaction by positioning Bath & Body Works standalone public company and separating Victoria’s Secret into a privately-held entity.

May 5, 2020: L Brands (LB) announced that it had reached an agreement with New York-based private equity firm Sycamore Partners to cancel the sale of a 55% stake in Victoria's Secret. In a statement, L Brands said it would continue to prepare Victoria's Secret to spin off as a private, standalone company. In the meantime, it says it will go forward with a plan to be centered on Bath & Body Works, which has been its faster-growing brand.

Organon & Co. 02/05/2020 MRK
Merck & Co., Inc., spinoff details:

February 5, 2020: Merck (MRK), known as MSD outside the United States and Canada, announced its intention to spin-off products from its Women’s Health, trusted Legacy Brands, and Biosimilars businesses into a new, yet-to-be-named, independent, publicly traded company.

Consumer Healthcare 02/05/2020 GSK
GlaxoSmithKline plc, spinoff details:

February 5, 2020: GlaxoSmithKline (GSK) announced a new programme initiated to prepare for separation of GSK into two companies: New GSK, a biopharma company with an R&D approach focused on science related to the immune system, use of genetics and new technologies; and a new leader in Consumer Healthcare. The company announced that it is planning to split into two companies in two years.

Nutrition & Biosciences 12/15/2019 DD
DuPont de Nemours, Inc., spinoff details:

December 15, 2019: IFF (IFF) and DuPont (DD) announced that they have entered into a definitive agreement for the merger of IFF and DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction.

cyber intelligence business 12/04/2019 VRNT
Verint Systems Inc., spinoff details:

December 4, 2019: Verint® Systems (VRNT) announced that its Board of Directors has unanimously approved proceeding with a plan to separate Verint into two independent companies: one of which will consist of its customer engagement business, and one of which will consist of its cyber intelligence business. Verint expects to complete the separation shortly after the end of Verint’s next fiscal year ending January 31, 2021.

Hispanoamerica 11/27/2019 TEF
Telefonica, S.A., spinoff details:

November 27, 2019: Telefónica S.A. (TEF) to Spin Off Hispanoamerica Business as Part of Action Plan.

Global Connect business 11/07/2019 NLSN
Nielsen Holdings plc, spinoff details:

November 7, 2019: Nielsen Holdings (NLSN) announced the completion of its strategic review and its plan to spin-off the company's Global Connect business, creating two independent, publicly traded companies—the Global Media business and the Global Connect business—each of which will have sharper strategic focus and greater opportunity to leverage its unique competitive advantages. Nielsen currently expects the spin-off transaction to be completed in nine to twelve months

Speedway 10/31/2019 MPC
Marathon Petroleum Corporation, spinoff details:

October 31, 2019: Marathon Petroleum Corporation (MPC) announced its intention to separate Speedway into an independent, publicly traded company.

Facilities Maintenance 09/24/2019 HDS
HD Supply Holdings, Inc. , spinoff details:

September 24, 2019: HD Supply Holdings (HDS) announced its intention to separate its Facilities Maintenance and Construction & Industrial businesses into two independent publicly traded companies through a distribution, which is expected to be tax-free to HD Supply shareholders for U.S. tax purposes. The separation is expected to be completed by the middle of fiscal 2020.

March 30, 2020: HD Supply Holdings (HDS) announced that due to materially changing market conditions caused by the COVID-19 pandemic, the previously announced timeline for the separation of its two businesses had been impacted. The Company remains committed to the separation of the two businesses and the strategic rationale is unchanged. The Company is continuing its preparations for separation when the markets sufficiently recover.

Conifer business 07/24/2019 THC
Tenet Healthcare Corporation, spinoff details:

July 24, 2019: Tenet Healthcare Corporation (THC) announced its intention to pursue a tax-free spin-off of its Conifer business as a separate, independent publicly traded company. The company expects to complete the spin-off by the end of the second quarter of 2021.

Digital Farms, Inc. 11/27/2018 DPW
DPW Holdings, Inc., spinoff details:

November 27, 2018: DPW Holdings (DPW) announced that its Board of Directors has authorized the officers of DPW to pursue a spinoff of DPW’s wholly-owned subsidiary Super Crypto Mining, Inc.

January 2018: DPW formed Super Crypto Mining, Inc., a wholly-owned subsidiary, which recently changed its name to Digital Farms, Inc. (“DFI”). DFI was established to operate their newly formed cryptocurrency business, which is pursuing a variety of digital currency. They mine the top three cryptocurrencies for their own account. These cryptocurrencies include Bitcoin, Litecoin and Ethereum.

 

Prescription Pharmaceuticals (Rx) business 08/09/2018 PRGO
Perrigo Company plc, spinoff details:

August 9, 2018: Perrigo Company (PRGO) announced that its Board of Directors approved a plan to separate the Company's Prescription Pharmaceuticals (Rx) business following the Company's previously announced strategic portfolio review.

Powertrain Technology Company 04/10/2018 TEN
Tenneco Inc., spinoff details:

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.

DRiV Incorporated 04/10/2018 TEN
Tenneco Inc., spinoff details:

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.

February 15, 2019: Tenneco (TEN) announced that DRiV Incorporated will be the name of the future publicly traded Aftermarket and Ride Performance company that will launch in the second half of this year, following Tenneco’s separation into two independent companies.

DWS asset management business 02/26/2018 DB
Deutsche Bank Aktiengesellschaft, spinoff details:

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.