Bluerock Residential Growth REIT, Inc. (BRG) separately intends to spin off its single-family rental business to its shareholders through the taxable distribution to shareholders of all of the outstanding shares of common stock of a newly formed real estate investment trust named Bluerock Homes Trust, Inc. (“BHOM”)

NEOGEN Corporation (NEOG) and 3M (MMM) announced that they have entered into a definitive agreement pursuant to which 3M will separate its Food Safety business and simultaneously combine it with NEOGEN in a transaction that is intended to be tax-efficient to 3M and its shareholders for U.S. federal income tax purposes.

Ault Global Holdings, Inc. (DPW) a diversified holding company, announced its plan to split into two public companies by pursuing a spin-off of Ault Alliance to its stockholders.

Ault Alliance will continue its focus on the Company’s legacy businesses and more recently initiated operations, including lending and investing in the real estate and distressed asset spaces, among others, defense, and power solutions, including EV charging products.

Ault Global Holdings, Inc. to change its name to BitNile Holdings, Inc. and stock symbol to NILE by the end of 2021

Exelon Corp. (EXC) announced that the U.S. Nuclear Regulatory Commission (NRC) has approved the company’s plan to separate into two companies, Exelon and Constellation, in the first quarter of 2022. Exelon will separate its transmission and distribution utility business (Exelon) and its retail energy and competitive power generation business (Constellation), which includes the nation’s largest fleet of nuclear power plants.

Update(s):

December 08, 2021: Form 10-12B

Johnson & Johnson (JNJ) announced its intent to separate the Company’s Consumer Health business, creating a new publicly traded company.

GE (GE) announced its plan to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy. Following the split, it will become an aviation company, helmed by Culp. The aviation company will inherit GE's other assets and liabilities, including its runoff insurance business.

Investor presentation

Update(s):

November 15, 2021: GE Aviation is ready to look at acquisitions to top up its portfolio with technologies that could help it shape the future of flight, without waiting for a planned break-up of its parent General Electric Co (GE).

GE (GE) announced its plan to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy.
Upon closing the Healthcare transaction, GE expects to retain a stake of 19.9 percent in the healthcare company to provide capital allocation flexibility.

Investor presentation

GE (GE) announced its plan to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy by
combining GE Renewable Energy, GE Power, and GE Digital into one business, positioned to lead the energy transition, and then pursuing a tax-free spin-off of this business in early 2024.

Investor presentation

Ligand Pharmaceuticals Incorporated (LGND) announced it is pursuing plans to split Ligand into two separate, publicly traded companies with one featuring the OmniAb business, and the other featuring Ligand’s existing collection of core royalties and the technologies, pipeline and contracts associated with the Pelican protein expression platform and the Captisol business.

Vinco Ventures, Inc. (BBIG) announced the filing of a Form 10 registration statement with the United States Securities and Exchange Commission (“SEC”) in connection with the planned spin-off of its subsidiary Cryptyde, Inc. The spin-off would make Cryptyde a stand-alone, publicly traded Nasdaq listed company under the ticker symbol TYDE.

November 08, 2021: Form 10-12B

Update(s):

November 22, 2021: The Company’s subsidiary, Cryptyde, Inc., filed its preliminary Form 10 registration statement with the SEC in connection with the planned spin-off of Cryptyde, which currently owns, directly or indirectly, 100% of EVNT Platform, LLC, CW Machines, LLC and Ferguson Containers, Inc. The distribution date is expected to occur in early 2022.

Amicus Therapeutics, Inc. (FOLD) announced its intent to launch a next-generation genetic medicine company, Caritas Therapeutics, Inc., through a definitive business combination agreement pursuant to which the Amicus gene therapy business will be acquired by ARYA Sciences Acquisition Corp IV (ARYD), a special purpose acquisition company or SPAC, sponsored by Perceptive Advisors. The transaction will result in two independent publicly traded companies with attractive stand-alone investment profiles.

Update(s):

November 9, 2021: Amicus Therapeutics (FOLD) announces on track to complete planned business combination of Amicus Gene Therapy Business
with ARYA IV (ARYD) Resulting in the Launch of Caritas Therapeutics in Late 2021/Early 2022.

Ecoark Holdings, Inc. (ZEST), announced its plan to spin-off its subsidiary, Trend Discovery Holdings LLC, and its subsidiaries into a new independent publicly-traded company through a pro rata distribution of Trend’s common stock to Ecoark’s shareholders.

June 10, 2021: SK Telecom (SKM) announced that the Board of Directors approved the plan to split the company into SK Telecom and SKT Investment (new entity, tentatively named) through a horizontal spin-off.

Press Release

Investor Presentation

Update(s):

August 11, 2021: SKT (SKM) is taking necessary steps to split the company into a surviving company based on telecommunications, AI and digital infrastructure and a new investment company specialized in semiconductor and ICT. The spin-off is expected to be finalized through the General Shareholders Meeting to be held on October 12, 2021.

August 17, 2021: SK Telecom (SKM) announced that the name of the new company to be established through a horizontal spin-off has been decided as “SK Square.” The surviving company will keep its current name SK Telecom. SK Telecom is expected to officially split into SK Telecom and SK Square on November 1, 2021.

November 01, 2021: SK Telecom (SKM) held a Board of Directors Meeting at its headquarters and announced that Ryu Young-sang, has been appointed as its new CEO.

June 08, 2021: Honeywell International Inc. (HON) plans to spin off its quantum computing business and merge it with a software firm to form a new company that is likely to trade publicly.

Update(s):

July 21, 2021: Honeywell (HON) and Cambridge Quantum announced in June they are combining to form the world's largest, stand-alone quantum computing company. Closing of the combination transaction remains subject to regulatory review and customary closing conditions.

May 17, 2021: AT&T Inc. (T) and Discovery, Inc. (DISCA, DISCB, DISCK) announced a definitive agreement to combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company.

May 10, 2021: Wynn Resorts, Limited (WYNN) and Austerlitz Acquisition Corporation I announced that they have entered into a definitive agreement under which Austerlitz I will combine with Wynn Interactive Ltd., a subsidiary of Wynn Resorts, to create an independent public company. Upon closing of the proposed transaction, the combined company will retain the “Wynn Interactive, Ltd.” name and relist its shares on the Nasdaq Stock Exchange under the new ticker symbol “WBET.”

May 06, 2021: BD (Becton, Dickinson and Company) (BDX), a leading global medical technology company, announced its board of directors has unanimously authorized management to proceed with a plan to spin off the company's Diabetes Care business as an independent, publicly-traded company ("NewCo").

Form 10-12B

Update(s):

July 12, 2021: BD (Becton, Dickinson and Company) (BDX), announced that David F. Melcher will be non-executive chair of the board of directors, and Claire Pomeroy, MD, MBA, will be a director of the company formed in connection with the previously announced separation of the Diabetes Care business into an independent, publicly traded company ("NewCo").

December 6, 2021: BD (Becton, Dickinson and Company) (BDX),  announced that "embecta" will be the name of the independent, publicly-traded company that will hold BD's Diabetes Care business upon the completion of the previously announced spinoff, which is expected to close in the second quarter of calendar year 2022.

December 21, 2021: BD (Becton, Dickinson, and Company) (BDX), announced that Embecta Corp., the independent, publicly-traded company that will hold BD's Diabetes Care business upon the planned completion of the previously announced spinoff, will be governed by a nine-person board of directors.

The ODP Corporation (ODP) office supply retailing company, announced today that its Board of Directors has unanimously approved a plan to pursue a separation of the Company into two independent, publicly-traded companies.

Press Release

Update(s):

June 4, 2021: The ODP Corporation (ODP), through an integrated B2B distribution platform with an online presence confirmed that its Board of Directors has received a proposal from USR Parent, Inc. (“Staples”), the parent company of Staples and a portfolio company of Sycamore Partners, to acquire the Company’s consumer business for $1 billion in cash.

August 4, 2021: The Company has modified its plan for the separation to be structured as a tax-free spin-off of the Company’s consumer business, with the Company retaining its B2B related operations.

August 24, 2021:  The ODP Corporation (ODP) Announces officedepot.com, will be spun-off and will be named Office Depot, Inc. Kevin Moffitt, currently EVP, Chief Retail Officer of The ODP Corporation, will be appointed CEO of Office Depot upon completion of the spin-off.

January 14, 2022: The ODP Corporation (ODP), announced that its Board of Directors determined to delay the previously announced public company separation to evaluate a potential sale of the Company’s consumer business

Genworth Mortgage Holdings, Inc.  announced that it has commenced an initial public offering of 22,576,140 shares of common stock. All of the shares are being offered by the selling stockholder, Genworth Holdings, Inc., a wholly owned subsidiary of Genworth Financial, Inc. (GNW), and net proceeds from the offering will go to GHI. In connection with the commencement of the initial public offering, GMHI has announced that it will rebrand, changing its name to Enact Holdings, Inc. (ACT).

April 8, 2021: CommScope Holding Company, Inc. (COMM), a global leader in connectivity solutions for communications networks, announced its plan to spin-off its Home Networks business and other initiatives to reduce operating costs throughout the Company.

Lennar Corp said it plans to spin-off all or parts of ongoing businesses to become a pure-play homebuilder and financial services company.

March 4, 2021: Colfax Corporation (CFX), a leading diversified technology company, today announced its intention to separate its fabrication technology and specialty medical technology businesses into two differentiated, independent, and publicly-traded companies. The separation is intended to be structured in a tax-free manner and is targeted to be completed in the first quarter of 2022.

Update(s):

November 04, 2021: The Company is making meaningful progress on its expected tax-free spin-off of its ESAB business to Colfax shareholders in the form of a dividend in the first quarter of 2022. Colfax Corporation (CFX) announced that it will transition to its new name, Enovis, at the time of the separation.

February 24, 2021: Exelon Corp. (EXC) announced that its Board of Directors has approved a plan to separate Exelon Utilities (RemainCo), comprised of the company’s six regulated electric and gas utilities, and Exelon Generation (SpinCo), its competitive power generation and customer-facing energy businesses into two publicly traded companies with the resources necessary to best serve customers and sustain long-term investment and operating excellence. The separation gives each company the financial and strategic independence to focus on its specific customer needs, while executing its core business strategy.

February 22, 2021: The Company announced that its majority-owned subsidiary Lucid Diagnostics intends to spin off into a separate public company if favorable market conditions continue to hold, either through an initial public offering (“IPO”) or a business combination with a healthcare special purpose acquisition corporation (“SPAC”). The Lucid board of directors determined that this long-contemplated step is necessary for Lucid to fulfill its long-term potential, unlock its present value, and execute on a major new commercial initiative. The Company believes that a Lucid spin-off that accomplishes the foregoing would also be in the best interests of PAVmed and its shareholders. PAVmed (PAVM) will remain Lucid’s largest shareholder following any spin-off transaction.

February 9, 2021: América Móvil (AMX) announced that its Board of Directors approved a plan to spin-off from América Móvil the telecommunications towers and other related passive infrastructure in Latin American countries where it currently operates.

February 05, 2021: Zimmer Biomet Holdings, Inc. (ZBH), a global leader in musculoskeletal healthcare, today announced its intention to spin off the Company's Spine and Dental businesses to form a new and independent, publicly traded company ("NewCo").  The planned transaction will enhance the focus of both Zimmer Biomet and NewCo to meet the needs of patients and customers and is expected to achieve faster growth and deliver greater value for all stakeholders.

Update(s):

September 14, 2021: Zimmer Biomet Holdings, Inc. (ZBH), announced key appointments to the "NewCo" leadership team, including Richard J. Heppenstall as Executive Vice President and Chief Financial Officer. Additionally, the Company announced ZimVie as the name for the planned spin-off company for the Spine and Dental businesses.

January 27, 2021: SPI Energy Co., Ltd., (SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, today announced its Board of Directors approved the Company's plan to spin off Phoenix Motorcars, a wholly owned subsidiary of the Company's EdisonFuture subsidiary, through an initial public offering.

June 24, 2021: SPI Energy Co., Ltd. (SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, announced the appointment of Janet Jie Chen as its new Chief Financial Officer.

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.

May 18, 2021: SPI Energy Co., Ltd. (SPI), a global renewable energy company and provider of solar storage and electric vehicle solutions for business, residential, government, logistics, and utility customers and investors, announced the appointment of Ning “Clare” Cai as its Chief Financial Officer of the Company’s SolarJuice Co., Ltd. (“Solarjuice”) subsidiary.

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

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.”

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.

Investor presentation

Update(s):

May 04, 2021: Bausch Health Companies Inc. (BHC) is preparing to spin off its eyecare business this fall while also considering suitable alternatives including a sale of the business, the company's CEO said.

Spinoff details

August 03, 2021: Bausch Health (BHC) Announces Plans To Pursue An Initial Public Offering Of Solta Medical. Transaction Will Enable Bausch Health to Continue to Execute on its Previously Announced Spinoff of its Bausch + Lomb Eye Health Business.

November 02, 2021: Bausch Health Companies Inc. (BHC) announced that they expect to launch the proposed IPO of Solta Medical business in December
2021 or January 2022, and following that,  launch the Bausch + Lomb IPO approximately 30 days later.

January 13, 2022: Bausch Health Companies Inc. (BHC) announced that, in connection with its previously announced intention to separate its eye health business, its wholly owned subsidiary, Bausch + Lomb Corporation (BLCO), has publicly filed a Registration Statement on Form S-1 with the U.S.
Securities and Exchange Commission ("SEC").

January 18, 2022: Bausch Health (BHC) announces it is seeking to refinance its existing Credit Agreement and Conditional Redemption Of Existing Notes- These steps will enable Bausch + Lomb IPO (BLCO) and facilitate full separation.

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.

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.

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.

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.

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).

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.

May 11, 2021: L Brands, Inc. (LB) announced its Board of Directors has unanimously approved a plan to separate the company into two independent, public companies: Bath & Body Works, one of the world’s leading bath, body and home fragrance retailers, and Victoria’s Secret, including Victoria’s Secret Lingerie, PINK and Victoria’s Secret Beauty, a leading retailer of intimates and beauty products.

July 09, 2021: L Brands, Inc. (LB) announced that its Board of Directors approved a name change from L Brands, Inc. to Bath & Body Works, Inc. L Brands’ stock symbol will also change from “LB” to “BBWI.” The Name Change is expected to become effective on August 2, 2021, in connection with the separation. L Brands’ common stock is expected to start trading under the new stock symbol on August 3, 2021.

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.

Update(s):

June 23, 2021: GSK (GSK) set out plans to turn its consumer healthcare arm into a separately listed company.

June 25, 2021: GlaxoSmithKline Plc (GSK) has hired two banks Goldman Sachs Group and Citigroup to help advise it on listing its consumer unit next year.

July 22, 2021: British drugmaker GSK (GSK) said its consumer healthcare head, Brian McNamara, will take over as the chief executive officer of the unit once it is spun off into a new company next year.

January 15, 2022: GlaxoSmithKline (GSK) plc confirms that it has received three unsolicited, conditional, and non-binding proposals from Unilever plc (UL) to acquire the GSK Consumer Healthcare business. GSK rejected all three proposals made on the basis that they fundamentally undervalued the Consumer Healthcare business and its future prospects.

January 16, 2022: Unilever Plc (UL) has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline Plc's (GSK) consumer products division.

January 18, 2022: Unilever Plc (UL) abandoned its 50 billion-pound ($68 billion) pursuit of a business that includes brands like Sensodyne toothpaste and Advil painkiller, after GlaxoSmithKline (GSK) rejected its approaches.

Press Release
Investor Presentation

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

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

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

Update(s):

January 13, 2021: TechnipFMC's CFO to leave for Marathon Petroleum role ahead of spinoff

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.

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.

December 1, 2020:  Tenet Healthcare Corporation (THC) announced the appointment of J. Roger Davis as President and Chief Executive Officer of its Conifer Health Solutions subsidiary, effective immediately.

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.

January 5, 2021: DPW Holdings (DPW), announced that it will, effective January 18, 2021, change its name to Ault Global Holdings, Inc. No approval of the Company’s stockholders is required for the Name Change. The Company’s shares will remain traded on the NYSE American under its current ticker symbol “DPW.”

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.

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.

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.

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.

Bluerock Residential Growth REIT, Inc. (BRG) separately intends to spin off its single-family rental business to its shareholders through the taxable distribution to shareholders of all of the outstanding shares of common stock of a newly formed real estate investment trust named Bluerock Homes Trust, Inc. (“BHOM”)

NEOGEN Corporation (NEOG) and 3M (MMM) announced that they have entered into a definitive agreement pursuant to which 3M will separate its Food Safety business and simultaneously combine it with NEOGEN in a transaction that is intended to be tax-efficient to 3M and its shareholders for U.S. federal income tax purposes.

Ault Global Holdings, Inc. (DPW) a diversified holding company, announced its plan to split into two public companies by pursuing a spin-off of Ault Alliance to its stockholders.

Ault Alliance will continue its focus on the Company’s legacy businesses and more recently initiated operations, including lending and investing in the real estate and distressed asset spaces, among others, defense, and power solutions, including EV charging products.

Ault Global Holdings, Inc. to change its name to BitNile Holdings, Inc. and stock symbol to NILE by the end of 2021

Exelon Corp. (EXC) announced that the U.S. Nuclear Regulatory Commission (NRC) has approved the company’s plan to separate into two companies, Exelon and Constellation, in the first quarter of 2022. Exelon will separate its transmission and distribution utility business (Exelon) and its retail energy and competitive power generation business (Constellation), which includes the nation’s largest fleet of nuclear power plants.

Update(s):

December 08, 2021: Form 10-12B

Johnson & Johnson (JNJ) announced its intent to separate the Company’s Consumer Health business, creating a new publicly traded company.

GE (GE) announced its plan to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy. Following the split, it will become an aviation company, helmed by Culp. The aviation company will inherit GE's other assets and liabilities, including its runoff insurance business.

Investor presentation

Update(s):

November 15, 2021: GE Aviation is ready to look at acquisitions to top up its portfolio with technologies that could help it shape the future of flight, without waiting for a planned break-up of its parent General Electric Co (GE).

GE (GE) announced its plan to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy.
Upon closing the Healthcare transaction, GE expects to retain a stake of 19.9 percent in the healthcare company to provide capital allocation flexibility.

Investor presentation

GE (GE) announced its plan to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy by
combining GE Renewable Energy, GE Power, and GE Digital into one business, positioned to lead the energy transition, and then pursuing a tax-free spin-off of this business in early 2024.

Investor presentation

Ligand Pharmaceuticals Incorporated (LGND) announced it is pursuing plans to split Ligand into two separate, publicly traded companies with one featuring the OmniAb business, and the other featuring Ligand’s existing collection of core royalties and the technologies, pipeline and contracts associated with the Pelican protein expression platform and the Captisol business.

Vinco Ventures, Inc. (BBIG) announced the filing of a Form 10 registration statement with the United States Securities and Exchange Commission (“SEC”) in connection with the planned spin-off of its subsidiary Cryptyde, Inc. The spin-off would make Cryptyde a stand-alone, publicly traded Nasdaq listed company under the ticker symbol TYDE.

November 08, 2021: Form 10-12B

Update(s):

November 22, 2021: The Company’s subsidiary, Cryptyde, Inc., filed its preliminary Form 10 registration statement with the SEC in connection with the planned spin-off of Cryptyde, which currently owns, directly or indirectly, 100% of EVNT Platform, LLC, CW Machines, LLC and Ferguson Containers, Inc. The distribution date is expected to occur in early 2022.

Amicus Therapeutics, Inc. (FOLD) announced its intent to launch a next-generation genetic medicine company, Caritas Therapeutics, Inc., through a definitive business combination agreement pursuant to which the Amicus gene therapy business will be acquired by ARYA Sciences Acquisition Corp IV (ARYD), a special purpose acquisition company or SPAC, sponsored by Perceptive Advisors. The transaction will result in two independent publicly traded companies with attractive stand-alone investment profiles.

Update(s):

November 9, 2021: Amicus Therapeutics (FOLD) announces on track to complete planned business combination of Amicus Gene Therapy Business
with ARYA IV (ARYD) Resulting in the Launch of Caritas Therapeutics in Late 2021/Early 2022.

Ecoark Holdings, Inc. (ZEST), announced its plan to spin-off its subsidiary, Trend Discovery Holdings LLC, and its subsidiaries into a new independent publicly-traded company through a pro rata distribution of Trend’s common stock to Ecoark’s shareholders.

June 10, 2021: SK Telecom (SKM) announced that the Board of Directors approved the plan to split the company into SK Telecom and SKT Investment (new entity, tentatively named) through a horizontal spin-off.

Press Release

Investor Presentation

Update(s):

August 11, 2021: SKT (SKM) is taking necessary steps to split the company into a surviving company based on telecommunications, AI and digital infrastructure and a new investment company specialized in semiconductor and ICT. The spin-off is expected to be finalized through the General Shareholders Meeting to be held on October 12, 2021.

August 17, 2021: SK Telecom (SKM) announced that the name of the new company to be established through a horizontal spin-off has been decided as “SK Square.” The surviving company will keep its current name SK Telecom. SK Telecom is expected to officially split into SK Telecom and SK Square on November 1, 2021.

November 01, 2021: SK Telecom (SKM) held a Board of Directors Meeting at its headquarters and announced that Ryu Young-sang, has been appointed as its new CEO.

June 08, 2021: Honeywell International Inc. (HON) plans to spin off its quantum computing business and merge it with a software firm to form a new company that is likely to trade publicly.

Update(s):

July 21, 2021: Honeywell (HON) and Cambridge Quantum announced in June they are combining to form the world's largest, stand-alone quantum computing company. Closing of the combination transaction remains subject to regulatory review and customary closing conditions.

May 17, 2021: AT&T Inc. (T) and Discovery, Inc. (DISCA, DISCB, DISCK) announced a definitive agreement to combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company.

May 10, 2021: Wynn Resorts, Limited (WYNN) and Austerlitz Acquisition Corporation I announced that they have entered into a definitive agreement under which Austerlitz I will combine with Wynn Interactive Ltd., a subsidiary of Wynn Resorts, to create an independent public company. Upon closing of the proposed transaction, the combined company will retain the “Wynn Interactive, Ltd.” name and relist its shares on the Nasdaq Stock Exchange under the new ticker symbol “WBET.”

May 06, 2021: BD (Becton, Dickinson and Company) (BDX), a leading global medical technology company, announced its board of directors has unanimously authorized management to proceed with a plan to spin off the company's Diabetes Care business as an independent, publicly-traded company ("NewCo").

Form 10-12B

Update(s):

July 12, 2021: BD (Becton, Dickinson and Company) (BDX), announced that David F. Melcher will be non-executive chair of the board of directors, and Claire Pomeroy, MD, MBA, will be a director of the company formed in connection with the previously announced separation of the Diabetes Care business into an independent, publicly traded company ("NewCo").

December 6, 2021: BD (Becton, Dickinson and Company) (BDX),  announced that "embecta" will be the name of the independent, publicly-traded company that will hold BD's Diabetes Care business upon the completion of the previously announced spinoff, which is expected to close in the second quarter of calendar year 2022.

December 21, 2021: BD (Becton, Dickinson, and Company) (BDX), announced that Embecta Corp., the independent, publicly-traded company that will hold BD's Diabetes Care business upon the planned completion of the previously announced spinoff, will be governed by a nine-person board of directors.

The ODP Corporation (ODP) office supply retailing company, announced today that its Board of Directors has unanimously approved a plan to pursue a separation of the Company into two independent, publicly-traded companies.

Press Release

Update(s):

June 4, 2021: The ODP Corporation (ODP), through an integrated B2B distribution platform with an online presence confirmed that its Board of Directors has received a proposal from USR Parent, Inc. (“Staples”), the parent company of Staples and a portfolio company of Sycamore Partners, to acquire the Company’s consumer business for $1 billion in cash.

August 4, 2021: The Company has modified its plan for the separation to be structured as a tax-free spin-off of the Company’s consumer business, with the Company retaining its B2B related operations.

August 24, 2021:  The ODP Corporation (ODP) Announces officedepot.com, will be spun-off and will be named Office Depot, Inc. Kevin Moffitt, currently EVP, Chief Retail Officer of The ODP Corporation, will be appointed CEO of Office Depot upon completion of the spin-off.

January 14, 2022: The ODP Corporation (ODP), announced that its Board of Directors determined to delay the previously announced public company separation to evaluate a potential sale of the Company’s consumer business

Genworth Mortgage Holdings, Inc.  announced that it has commenced an initial public offering of 22,576,140 shares of common stock. All of the shares are being offered by the selling stockholder, Genworth Holdings, Inc., a wholly owned subsidiary of Genworth Financial, Inc. (GNW), and net proceeds from the offering will go to GHI. In connection with the commencement of the initial public offering, GMHI has announced that it will rebrand, changing its name to Enact Holdings, Inc. (ACT).

April 8, 2021: CommScope Holding Company, Inc. (COMM), a global leader in connectivity solutions for communications networks, announced its plan to spin-off its Home Networks business and other initiatives to reduce operating costs throughout the Company.

Lennar Corp said it plans to spin-off all or parts of ongoing businesses to become a pure-play homebuilder and financial services company.

March 4, 2021: Colfax Corporation (CFX), a leading diversified technology company, today announced its intention to separate its fabrication technology and specialty medical technology businesses into two differentiated, independent, and publicly-traded companies. The separation is intended to be structured in a tax-free manner and is targeted to be completed in the first quarter of 2022.

Update(s):

November 04, 2021: The Company is making meaningful progress on its expected tax-free spin-off of its ESAB business to Colfax shareholders in the form of a dividend in the first quarter of 2022. Colfax Corporation (CFX) announced that it will transition to its new name, Enovis, at the time of the separation.

February 24, 2021: Exelon Corp. (EXC) announced that its Board of Directors has approved a plan to separate Exelon Utilities (RemainCo), comprised of the company’s six regulated electric and gas utilities, and Exelon Generation (SpinCo), its competitive power generation and customer-facing energy businesses into two publicly traded companies with the resources necessary to best serve customers and sustain long-term investment and operating excellence. The separation gives each company the financial and strategic independence to focus on its specific customer needs, while executing its core business strategy.

February 22, 2021: The Company announced that its majority-owned subsidiary Lucid Diagnostics intends to spin off into a separate public company if favorable market conditions continue to hold, either through an initial public offering (“IPO”) or a business combination with a healthcare special purpose acquisition corporation (“SPAC”). The Lucid board of directors determined that this long-contemplated step is necessary for Lucid to fulfill its long-term potential, unlock its present value, and execute on a major new commercial initiative. The Company believes that a Lucid spin-off that accomplishes the foregoing would also be in the best interests of PAVmed and its shareholders. PAVmed (PAVM) will remain Lucid’s largest shareholder following any spin-off transaction.

February 9, 2021: América Móvil (AMX) announced that its Board of Directors approved a plan to spin-off from América Móvil the telecommunications towers and other related passive infrastructure in Latin American countries where it currently operates.

February 05, 2021: Zimmer Biomet Holdings, Inc. (ZBH), a global leader in musculoskeletal healthcare, today announced its intention to spin off the Company's Spine and Dental businesses to form a new and independent, publicly traded company ("NewCo").  The planned transaction will enhance the focus of both Zimmer Biomet and NewCo to meet the needs of patients and customers and is expected to achieve faster growth and deliver greater value for all stakeholders.

Update(s):

September 14, 2021: Zimmer Biomet Holdings, Inc. (ZBH), announced key appointments to the "NewCo" leadership team, including Richard J. Heppenstall as Executive Vice President and Chief Financial Officer. Additionally, the Company announced ZimVie as the name for the planned spin-off company for the Spine and Dental businesses.

January 27, 2021: SPI Energy Co., Ltd., (SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, today announced its Board of Directors approved the Company's plan to spin off Phoenix Motorcars, a wholly owned subsidiary of the Company's EdisonFuture subsidiary, through an initial public offering.

June 24, 2021: SPI Energy Co., Ltd. (SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, announced the appointment of Janet Jie Chen as its new Chief Financial Officer.

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.

May 18, 2021: SPI Energy Co., Ltd. (SPI), a global renewable energy company and provider of solar storage and electric vehicle solutions for business, residential, government, logistics, and utility customers and investors, announced the appointment of Ning “Clare” Cai as its Chief Financial Officer of the Company’s SolarJuice Co., Ltd. (“Solarjuice”) subsidiary.

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

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.”

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.

Investor presentation

Update(s):

May 04, 2021: Bausch Health Companies Inc. (BHC) is preparing to spin off its eyecare business this fall while also considering suitable alternatives including a sale of the business, the company's CEO said.

Spinoff details

August 03, 2021: Bausch Health (BHC) Announces Plans To Pursue An Initial Public Offering Of Solta Medical. Transaction Will Enable Bausch Health to Continue to Execute on its Previously Announced Spinoff of its Bausch + Lomb Eye Health Business.

November 02, 2021: Bausch Health Companies Inc. (BHC) announced that they expect to launch the proposed IPO of Solta Medical business in December
2021 or January 2022, and following that,  launch the Bausch + Lomb IPO approximately 30 days later.

January 13, 2022: Bausch Health Companies Inc. (BHC) announced that, in connection with its previously announced intention to separate its eye health business, its wholly owned subsidiary, Bausch + Lomb Corporation (BLCO), has publicly filed a Registration Statement on Form S-1 with the U.S.
Securities and Exchange Commission ("SEC").

January 18, 2022: Bausch Health (BHC) announces it is seeking to refinance its existing Credit Agreement and Conditional Redemption Of Existing Notes- These steps will enable Bausch + Lomb IPO (BLCO) and facilitate full separation.

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.

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.

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.

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.

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).

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.

May 11, 2021: L Brands, Inc. (LB) announced its Board of Directors has unanimously approved a plan to separate the company into two independent, public companies: Bath & Body Works, one of the world’s leading bath, body and home fragrance retailers, and Victoria’s Secret, including Victoria’s Secret Lingerie, PINK and Victoria’s Secret Beauty, a leading retailer of intimates and beauty products.

July 09, 2021: L Brands, Inc. (LB) announced that its Board of Directors approved a name change from L Brands, Inc. to Bath & Body Works, Inc. L Brands’ stock symbol will also change from “LB” to “BBWI.” The Name Change is expected to become effective on August 2, 2021, in connection with the separation. L Brands’ common stock is expected to start trading under the new stock symbol on August 3, 2021.

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.

Update(s):

June 23, 2021: GSK (GSK) set out plans to turn its consumer healthcare arm into a separately listed company.

June 25, 2021: GlaxoSmithKline Plc (GSK) has hired two banks Goldman Sachs Group and Citigroup to help advise it on listing its consumer unit next year.

July 22, 2021: British drugmaker GSK (GSK) said its consumer healthcare head, Brian McNamara, will take over as the chief executive officer of the unit once it is spun off into a new company next year.

January 15, 2022: GlaxoSmithKline (GSK) plc confirms that it has received three unsolicited, conditional, and non-binding proposals from Unilever plc (UL) to acquire the GSK Consumer Healthcare business. GSK rejected all three proposals made on the basis that they fundamentally undervalued the Consumer Healthcare business and its future prospects.

January 16, 2022: Unilever Plc (UL) has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline Plc's (GSK) consumer products division.

January 18, 2022: Unilever Plc (UL) abandoned its 50 billion-pound ($68 billion) pursuit of a business that includes brands like Sensodyne toothpaste and Advil painkiller, after GlaxoSmithKline (GSK) rejected its approaches.

Press Release
Investor Presentation

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

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

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

Update(s):

January 13, 2021: TechnipFMC's CFO to leave for Marathon Petroleum role ahead of spinoff

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.

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.

December 1, 2020:  Tenet Healthcare Corporation (THC) announced the appointment of J. Roger Davis as President and Chief Executive Officer of its Conifer Health Solutions subsidiary, effective immediately.

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.

January 5, 2021: DPW Holdings (DPW), announced that it will, effective January 18, 2021, change its name to Ault Global Holdings, Inc. No approval of the Company’s stockholders is required for the Name Change. The Company’s shares will remain traded on the NYSE American under its current ticker symbol “DPW.”

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.

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.

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.

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.