Upcoming Spinoffs

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  Spinoff Name Announced Date Potential Spinoff Date Parent Name Parent Symbol Type
CXApp Holding Corp 09/26/2022 Q4 2022 Inpixon INPX Reverse Morris Trust
Inpixon, spinoff details:

Inpixon (INPX), the Indoor Intelligence company,  announced it has signed a definitive merger agreement with KINS Technology Group, a publicly traded special purpose acquisition company (KINZ), for KINS to acquire Inpixon's enterprise apps business. 

The transaction will be structured as a business combination with Inpixon's newly formed subsidiary, CXApp Holding Corp., that is anticipated to result in Inpixon stockholders receiving shares in KINS valued at approximately $69 million. 

ATM business 09/15/2022 Q4 2023 NCR Corporation NCR Spinoff
NCR Corporation , spinoff details:

NCR Corporation (NCR), a leading enterprise technology provider to banks, retailers and restaurants, announced its Board of Directors has unanimously approved a plan to separate NCR into two independent, publicly traded companies

– one focused on digital commerce,

- ATM business

The separation is intended to be structured in a tax-free manner and is targeted for the end of 2023.

Digital commerce business 09/15/2022 Q4 2023 NCR Corporation NCR Spinoff
NCR Corporation, spinoff details:

NCR Corporation (NCR), a leading enterprise technology provider to banks, retailers and restaurants, announced its Board of Directors has unanimously approved a plan to separate NCR into two independent, publicly traded companies

– one focused on digital commerce,

- ATM business

The separation is intended to be structured in a tax-free manner and is targeted for the end of 2023.

Environmental & Applied Solutions 09/14/2022 Q4 2023 Danaher Corporation DHR Spinoff
Danaher Corporation, spinoff details:

Danaher Corporation (DHR) announced its intention to separate its Environmental & Applied Solutions segment to create an independent, publicly traded company. The new company will be comprised of Danaher's Water Quality and Product Identification businesses and will be referred to as "EAS" until it is named at a later date.

The transaction is intended to be tax-free to Danaher shareholders and expected to be completed in the fourth quarter of 2023.

Sandoz 08/25/2022 Q4 2023 Novartis AG NVS Spinoff
Novartis AG, spinoff details:

Novartis (NVS) plans to spin off its underperforming generics unit Sandoz to sharpen its focus on its patented prescription medicines, the Swiss group said on Thursday, acknowledging it had not received any formal offers for the business to date.

The transaction, which is anticipated to be generally tax-neutral for Novartis, is expected to be completed in the second half of next year, subject to market conditions

August 25, 2022: Investor presentation

Banner Midstream 08/24/2022 N/A Ecoark Holdings, Inc. ZEST Reverse Morris Trust
Ecoark Holdings, Inc. , spinoff details:

Ecoark Holdings, (ZEST) announced the execution of a definitive agreement to divest its wholly-owned subsidiary, Banner Midstream Corp, via a reverse merger into the company, Enviro Technologies US, (EVTN). Enviro will issue 12,996,958 shares to Ecoark in exchange for 100% of the issued and outstanding common stock of Banner to result in a 70% retained ownership for Ecoark at closing. 

Outdoor Online 08/15/2022 Q4 2023 AMMO, Inc. POWW Splitoff
AMMO, Inc., spinoff details:

 

AMMO, Inc. (POWW), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, announces that its Board of Directors has unanimously approved a plan to separate its ammunition and marketplace businesses into two independent publicly-traded companies.
Outdoor Online will be comprised of GunBroker.com and its related online businesses. Current AMMO Chairman & CEO, Fred Wagenhals, will assume the Chairman & CEO role in Outdoor Online. 
The second entity, Action Outdoor Sports, will retain the company’s current ammunition and munition components business

AMMO, Inc. (POWW), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, announces that its Board of Directors has unanimously approved a plan to separate its ammunition and marketplace businesses into two independent publicly-traded companies.

Outdoor Online will be comprised of GunBroker.com and its related online businesses. Current AMMO Chairman & CEO, Fred Wagenhals, will assume the Chairman & CEO role in Outdoor Online. 

The second entity, Action Outdoor Sports, will retain the company’s current ammunition and munition components business

Investor Presentation

Update(s):

August 25, 2022: AMMO, Inc. (POWW) CEO provides letter to Shareholders highlighting the separation of its Ammunition and Marketplace segments into two independent publicly traded companies. Current AMMO (POWW) shareholders will retain their full shares in Outdoor Online, which will be the new name of that company. 

Action Outdoor Sports 08/15/2022 Q4 2023 AMMO, Inc. POWW Splitoff
AMMO, Inc., spinoff details:

AMMO, Inc. (POWW), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, announces that its Board of Directors has unanimously approved a plan to separate its ammunition and marketplace businesses into two independent publicly-traded companies.

Outdoor Online will be comprised of GunBroker.com and its related online businesses. Current AMMO Chairman & CEO, Fred Wagenhals, will assume the Chairman & CEO role in Outdoor Online. 

The second entity, Action Outdoor Sports, will retain the company’s current ammunition and munition components business

Investor Presentation

SpinCo 08/11/2022 Q4 2022 or in Q1 2023 iStar STAR Spinoff
iStar, spinoff details:

iStar (STAR) will spin off to iStar shareholders a new publicly traded entity ("SpinCo") that will own all of its remaining non-ground lease assets and $400 million of its SAFE shares, enabling iStar shareholders to participate in the orderly monetization of these assets over time. SpinCo will be managed by New Safehold in exchange for a management fee.

Press Release

Investor Presentation

Knife River Corporation 08/04/2022 Q4 2023 MDU Resources Group, Inc. MDU Spinoff
MDU Resources Group, Inc., spinoff details:

MDU Resources Group, Inc. (MDU) announced that its board of directors has unanimously approved a plan to separate its wholly owned construction materials business, Knife River Corporation, from the company.  The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023.

Clinical-Development Business 07/28/2022 N/A Laboratory Corporation of America Holdings LH Spinoff
Laboratory Corporation of America Holdings, spinoff details:

Laboratory Corp. of America Holdings (LH) plans to spin off its unit focused on clinical drug trials, according to people familiar with the matter, a move that will create a new stand-alone company in the fast-growing contract-research sector.

Healthcare business 07/26/2022 Q4 2023 3M Company MMM Spinoff
3M Company , spinoff details:

3M Co (MMM) disclosed plans to spin off its healthcare business into a listed company, joining a raft of U.S. manufacturers looking to simplify their business and boost investor returns.

Vitesse Energy, Inc. 07/19/2022 Q4 2022 Jefferies Financial Group Inc. JEF Spinoff
Jefferies Financial Group Inc. , spinoff details:

 

Jefferies Financial Group Inc. (JEF) announced that, adhering to its long-standing fundamental strategy of focusing on building its investment banking and capital markets businesses and reducing the size of its Merchant Banking portfolio, Jefferies expects to spin off to its shareholders its holdings in Vitesse Energy prior to the end of 2022. 
That spin-off will involve the formation of a new standalone entity, Vitesse Energy, Inc., that will ultimately be a publicly traded company listed on the New York Stock Exchange.

Jefferies Financial Group Inc. (JEF) announced that, adhering to its long-standing fundamental strategy of focusing on building its investment banking and capital markets businesses and reducing the size of its Merchant Banking portfolio, Jefferies expects to spin off to its shareholders its holdings in Vitesse Energy prior to the end of 2022. 

That spin-off will involve the formation of a new standalone entity, Vitesse Energy, Inc., that will ultimately be a publicly traded company listed on the New York Stock Exchange.

 

PodcastOne 07/15/2022 Q4 2022 LiveOne, Inc. LVO Spinoff
LiveOne, Inc., spinoff details:

LiveOne (LVO), an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events, announced its intention to spin-out its wholly owned subsidiary, PodcastOne, as a separate public company to be listed on a national exchange.

North America Cereal Co 06/21/2022 Q4 2023 Kellogg Company K Spinoff
Kellogg Company, spinoff details:

Kellogg Company (K) announced that its Board of Directors has approved a plan to separate its North American cereal and plant-based foods businesses, via tax-free spin-offs, resulting in three independent public companies, each better positioned to unlock their full standalone potential.

 - "Global Snacking Co." will be a leading company in global snacking, international cereal and noodles  and North America frozen breakfast

- "North America Cereal Co."  will be a leading cereal company in the U.S., Canada, and Caribbean

- "Plant Co." , will be a leading, pure-play plant-based foods company, anchored by the MorningStar Farms brand

The proposed spin-offs are intended to result in tax-free distributions of North America Cereal Co. and Plant Co. shares to Kellogg Company shareowners.  Shareowners would receive shares in the two spin-off entities on a pro-rata basis relative to their Kellogg holdings at the record date for each spin-off.

More details

Update(s):

September 28, 2022: Kellogg Company (K) announced additional appointments to the future leadership team of North America Cereal Co

Kellogg Company (K) appointed Norma Barnes-Euresti as Chief Legal Officer, Mike Christensen as Chief Human Resources Officer, Stacy Flathau as Chief Corporate Affairs Officer, Sarah Ludmer as Chief Wellbeing and ESG Officer and Bill Rex as Chief Information Officer

Plant Co. 06/21/2022 Q4 2023 Kellogg Company K Spinoff
Kellogg Company, spinoff details:

Kellogg Company (K) announced that its Board of Directors has approved a plan to separate its North American cereal and plant-based foods businesses, via tax-free spin-offs, resulting in three independent public companies, each better positioned to unlock their full standalone potential. 

- "Global Snacking Co." will be a leading company in global snacking, international cereal and noodles  and North America frozen breakfast

- "North America Cereal Co." will be a leading cereal company in the U.S., Canada, and Caribbean

- "Plant Co.", will be a leading, pure-play plant-based foods company, anchored by the MorningStar Farms brand

The Company intends to separate Plant Co. as an independent business through a tax-free spin-off, while also exploring other strategic alternatives, including a possible sale.

The proposed spin-offs are intended to result in tax-free distributions of North America Cereal Co. and Plant Co. shares to Kellogg Company shareowners.  Shareowners would receive shares in the two spin-off entities on a pro-rata basis relative to their Kellogg holdings at the record date for each spin-off.

More details

Starz 05/26/2022 Q3 2022 Lions Gate Entertainment Corp. LGF-A Spinoff
Lions Gate Entertainment Corp., spinoff details:

Lionsgate (LGF-A) CEO Jon Feltheimer revealed details during an investor call on, May 26, about the company’s plans to spin off its Starz streaming unit by the end of the summer.

Update(s):

August 5, 2022: Lions Gate Entertainment Corp. (LGF-A) mentioned it’s likely to announce a deal to spin off or sell a piece of its Starz cable network in September, with potential partners also showing interest in the company’s film and TV studios.

NewCo 05/25/2022 Q4 2022 Citius Pharmaceuticals, Inc. CTXR Carve Out
Citius Pharmaceuticals, Inc. , spinoff details:

 

Citius Pharmaceuticals, Inc.(CTXR), a late-stage biopharmaceutical company developing and commercializing first-in-class critical care products,  announced that it intends to split the Company's assets into two separate publicly-traded entities. 
Citius plans to form a new company (NewCo) focused on developing and commercializing I/ONTAK, for which a Phase 3 trial was completed in December 2021 and a biologics license application (BLA) is being planned for submission in the second half of 2022.
Citius intends the spinoff to be accomplished through an initial public offering (IPO) and pro rata distribution of stock in the NewCo to Citius shareholders. 
The transactions are expected to be completed in the second half of calendar year 2022

Citius Pharmaceuticals, Inc. (CTXR), a late-stage biopharmaceutical company developing and commercializing first-in-class critical care products,  announced that it intends to split the Company's assets into two separate publicly-traded entities

Citius Pharmaceuticals, Inc. announces intention to Spinoff Late-Stage Oncology Asset, I/ONTAK, into a New Standalone Publicly Traded Company

Citius intends the spinoff to be accomplished through an initial public offering (IPO) and pro rata distribution of stock in the NewCo to Citius shareholders. 

The transactions are expected to be completed in the second half of calendar year 2022

Asset Management Business 05/12/2022 Q4 2022 Brookfield Asset Management BAM Spinoff
Brookfield Asset Management, spinoff details:

Publicly traded Brookfield Asset Management Inc. (BAM) and distribute a 25% interest worth an estimated $20 billion to shareholders later this year, Bruce Flatt, chief executive, said in a letter

Update(s):

September 23, 2022: Brookfield (BAM) announced that its Board of Directors has unanimously approved the transaction for the public listing and distribution of a 25% interest in its asset management business, through Brookfield Asset Management Ltd. 

Acanna Therapeutics Inc. 05/11/2022 N/A Enveric Biosciences, Inc. ENVB Spinoff
Enveric Biosciences, Inc., spinoff details:

 

 Enveric Biosciences (ENVB), a neuroscience-focused biotechnology company developing next-generation, psychedelic-inspired mental health medicines, announced plans to transfer and spin-off its cannabinoid clinical development pipeline assets to a wholly-owned subsidiary, Acanna Therapeutics Inc., by way of dividend to Enveric shareholders. 
 

 Enveric Biosciences (ENVB), a neuroscience-focused biotechnology company developing next-generation, psychedelic-inspired mental health medicines, announced plans to transfer and spin-off its cannabinoid clinical development pipeline assets to a wholly-owned subsidiary, Acanna Therapeutics Inc., by way of dividend to Enveric shareholders.  

 

Aramark Uniform Services 05/10/2022 Q4 2023 Aramark ARMK Spinoff
Aramark , spinoff details:

 

Aramark (ARMK) announced its plan to separate Aramark Uniform Services (AUS) into an independent, publicly traded company. The transaction is intended to be structured as a spin-off that is tax-free to Aramark and its stockholders. 
The Company currently expects the spin-off to occur by the end of fiscal 2023.

Aramark (ARMK) announced its plan to separate Aramark Uniform Services (AUS) into an independent, publicly traded company. The transaction is intended to be structured as a spin-off that is tax-free to Aramark and its stockholders. 

The Company currently expects the spin-off to occur by the end of fiscal 2023.

Investor Presentation

 

Outdoor Products (to be renamed) 05/05/2022 2023 Vista Outdoor Inc. VSTO Splitoff
Vista Outdoor Inc. , spinoff details:

 

Vista Outdoor Inc.(VSTO) announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. The Company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders. 
Following the separation, the Company's Outdoor Products segment will be an industry-leading platform of outdoor brands including CamelBak, Bell, Giro, Camp Chef, Bushnell, Bushnell Golf, Foresight Sports, Stone Glacier and QuietKat. 
As an independent company, Sporting Products will continue to focus on ammunition categories through its renowned brands including Federal, Remington, CCI, Speer, Estate Cartridge and HEVI-Shot.

Vista Outdoor Inc. (VSTO) announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. The Company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders. 

Following the separation, the Company's Outdoor Products segment will be an industry-leading platform of outdoor brands including CamelBak, Bell, Giro, Camp Chef, Bushnell, Bushnell Golf, Foresight Sports, Stone Glacier and QuietKat. 

As an independent company, Sporting Products will continue to focus on ammunition categories through its renowned brands including Federal, Remington, CCI, Speer, Estate Cartridge and HEVI-Shot.

Update(s):

July 27, 2022: On May 5, 2022, Vista Outdoor Inc. (VSTO) announced that Board of Directors has unanimously approved preparations for the separation of our Outdoor Products and Sporting Products reportable segments into two independent, publicly-traded companies. During the three months ended June 26, 2022, they incurred costs associated with the planned separation, including advisory and legal fees. Given the nature of transaction costs, and differences in these amounts from one transaction to another, the company believes these costs are not indicative of ongoing operations of the company. They applied a blended tax rate of 25 percent.

Investor Presentation

SkyHawk Security 05/03/2022 N/A Radware RDWR Spinoff
Radware , spinoff details:

Radware (RDWR), a leading provider of cyber security and application delivery solutions, announced the spinoff of its Cloud Native Protector business to form a new company called SkyHawk Security. 

Investor Presentation

Cabinets business 04/28/2022 04/28/2023 Fortune Brands Home & Security, Inc. FBHS Spinoff
Fortune Brands Home & Security, Inc., spinoff details:

Fortune Brands Home & Security, Inc. (FBHS), an industry-leading home and security products company, announced that it intends to separate into two publicly traded companies.

Update(s):

July 27, 2022: Fortune Brands Home & Security, Inc. (FBHS)- Separation of companies progressing ahead of schedule; Company expects to file initial Form 10 during 3Q

Investor Presentation

Transportation Business 04/07/2022 N/A Conduent Incorporated CNDT Spinoff
Conduent Incorporated, spinoff details:

Conduent Incorporated (CNDT), a business process services and solutions company, announced it is pursuing a separation of its Transportation business through either a sale or a spin-off.

Update(s):

July 19, 2022: Conduent Incorporated (CNDT), a business process services and solutions company, plans to report its second-quarter 2022 financial results on Tuesday, Aug. 2, after market close.

Crane NXT 03/30/2022 Q1 2023 Crane Co. CR Splitoff
Crane Co. , spinoff details:

 

Crane Co. (CR), a diversified manufacturer of highly engineered industrial products, announced that its Board of Directors has unanimously approved a plan to pursue a separation into two independent, publicly-traded companies.  After the separation, Crane Co. will include the Aerospace & Electronics and Process Flow Technologies businesses. Payment and Merchandising Technologies Business to Become “Crane NXT”.
Crane NXT's shares are expected to be listed on the NYSE under the ticker symbol “CXT”.
Separation Expected to be Completed Within Approximately 12 Months.

Crane Co. (CR), a diversified manufacturer of highly engineered industrial products, announced that its Board of Directors has unanimously approved a plan to pursue a separation into two independent, publicly-traded companies.  After the separation, Crane Co. will include the Aerospace & Electronics and Process Flow Technologies businesses.

Payment and Merchandising Technologies Business to Become “Crane NXT”.

Crane NXT's shares are expected to be listed on the NYSE under the ticker symbol “CXT”.

Separation Expected to be Completed Within Approximately 12 Months.

Update(s):

July 26, 2022:  Search process for Crane NXT CEO is underway, including evaluation of internal and external candidates.

RXO 03/08/2022 Q4 2022 XPO Logistics, Inc. XPO Spinoff
XPO Logistics, Inc., spinoff details:

XPO Logistics, Inc. (XPO)  announced that its board of directors, after a thorough examination of strategic alternatives, has approved a plan that the board believes is the optimal path to unlock value for XPO stakeholders. XPO intends to separate its tech-enabled brokered transportation services from its less-than-truckload (LTL) business in North America; and intends to divest its European business and North American intermodal operation

Investor Presentation

Update(s):

March 25, 2022: XPO Logistics, Inc. (XPO) announced that it has divested its North American intermodal business to STG Logistics, Inc. for cash proceeds of approximately $710 million, subject to a customary post-closing purchase price adjustment. 

May 9, 2022: XPO Logistics Inc. (XPO) named Drew Wilkerson chief executive of the planned spinoff of its freight brokerage as part of the logistics operator’s reorganization of its business units into three separate publicly traded companies.

Jun 02, 2022: XPO Logistics, Inc. (XPO), a leading provider of freight transportation services, announced that it has filed a confidential Form 10 registration statement for the planned spin-off of its tech-enabled brokered transportation platform. 

June 07, 2022: XPO Logistics, Inc. (XPO), announced that Yoav Amiel has been appointed chief information officer for the planned spin-off of the company’s asset-light brokered transportation platform. Amiel currently leads the technology organization for XPO’s North American transportation division led by Drew Wilkerson, who, as previously announced, will be chief executive officer of the spin-off company.

July 12, 2022: XPO Logistics, Inc. (XPO), a leading provider of freight transportation services, today announced that a new company identity has been created in connection with the planned spin-off of its tech-enabled brokerage platform. The spin-off is named RXO to reflect the company’s commitment to provide reliability multiplied by outperformance. 

September 28, 2022: XPO Logistics, (XPO) announced the filing of a public Form 10 registration statement with the U.S. Securities and Exchange Commission in connection with the planned spin-off of RXO,

Home Appliances and Personal Care businesses 02/04/2022 N/A Spectrum Brands Holdings, Inc. SPB Spinoff
Spectrum Brands Holdings, Inc., spinoff details:

Chairman and Chief Executive Officer of Spectrum Brands (SPB) David Maura mentioned they are currently considering possible scenarios for the combined business, which include, but are not limited to, a partial or complete spin-off to our shareholders, an initial public offering or a merger with an existing publicly traded entity. 

Bluerock Homes Trust, Inc. 12/20/2021 10/06/2022 Bluerock Residential Growth REIT, Inc. BRG Spinoff
Bluerock Residential Growth REIT, Inc., spinoff details:

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”)

Update(s):

April 12, 2022: Bluerock Residential Growth REIT, Inc. (BRG) announced that the Company’s stockholders approved the proposed acquisition of the Company by affiliates of Blackstone Real Estate .The Acquisition will occur following the spin-off of the Company’s single-family rental business (the “Spin-Off”) through the taxable distribution to common stockholders of all of the outstanding shares of common stock of a newly formed real estate investment trust named Bluerock Homes Trust, Inc. (“BHM”). Company common stockholders will receive $24.25 in cash per share of Company common stock in the Acquisition in addition to the BHM common stock that they will receive in the Spin-Off.

August 26, 2022: Bluerock Residential Growth REIT, (BRG)and Blackstone Real Estate announced that the completion of the proposed acquisition of the Company by Blackstone, and the proposed spin-off of the company's single-family rental business to its shareholders, is expected to occur on or about October 6, 2022.

September 19, 2022: Bluerock Residential Growth REIT, Inc. (BRG) announced that its Board of Directors has approved the distribution to its shareholders of all of the outstanding shares of common stock of Bluerock Homes Trust, Inc., which will become the holder of the Company’s single-family rental business. 

The Spin-Off is expected to be completed on October 6, 2022 before the opening of the New York Stock Exchange American. BRG, which will continue to hold the Company’s multi-family rental business, expects to complete the previously announced acquisition of BRG by affiliates of Blackstone Real Estate (the “Acquisition”) promptly following the completion of the Spin-Off.

 

The Acquisition and the Spin-Off currently are expected to close in the second quarter of 2022, and are subject to the completion of customary closing conditions. Upon the closing of the Acquisition, BRG’s common stock and preferred stock will no longer be listed on any public market.
Ault Alliance, Inc 11/22/2021 Q4 2022 Ault Global Holdings, Inc. DPW Splitoff
Ault Global Holdings, Inc., spinoff details:

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

Consumer Health business 11/12/2021 Q2 2023 Johnson & Johnson JNJ Spinoff
Johnson & Johnson, spinoff details:

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

Investor Presentation

Update(s):

August 24, 2022: Johnson & Johnson (JNJ) announced the appointment of Larry Merlo as Non-executive Chair Designate for the future, listed New Consumer Health Company’s Board of Directors. Merlo previously served as President and CEO of CVS Health

September 28, 2022: Johnson & Johnson (JNJ) announces Kenvue as the name for planned new consumer health company

GE Aviation 11/09/2021 Q1 2024 General Electric Company GE Spinoff
General Electric Company, spinoff details:

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 Healthcare 11/09/2021 01/07/2023 General Electric Company GE Spinoff
General Electric Company, spinoff details:

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

Update(s):

September 12, 2022: GE (GE) announced the first Board of Directors for GE HealthCare, the planned independent company that will be created following its spin-off from GE. The company also announced that it is targeting a spin-off date in the first week of January 2023

Combined Renewable Energy and Power 11/09/2021 Q1 2024 General Electric Company GE Spinoff
General Electric Company, spinoff details:

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

OmniAb, Inc. 11/09/2021 Q4 2022 Ligand Pharmaceuticals Incorporated LGND Spinoff
Ligand Pharmaceuticals Incorporated, spinoff details:

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.

Investor Presentation

Update(s):

February 17, 2022: Ligand (LGND) now expects to pursue separation of OmniAb through a direct spin-off of 100% of OmniAb equity to shareholders with Ligand capitalizing the OmniAb business directly with $70 million. OmniAb expects to file a Form 10 with the Securities and Exchange Commission and complete its separation in the first half of 2022

The distribution is expected to qualify as a tax-free transaction for U.S. federal income tax purposes to both Ligand and its shareholders.

March 23, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced the signing of a definitive merger agreement with Avista Public Acquisition Corp. II (AHPA), a publicly traded special purpose acquisition company (SPAC), providing for the spin-off of OmniAb, Inc. 

The transaction is expected to close in the second half of 2022.

October 3, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced that its board of directors has set October 26, 2022 as the record date (Record Date) for the dividend of shares of common stock of OmniAb, Inc. to be distributed to Ligand shareholders in order to effect the separation of Ligand and OmniAb into two independent, publicly traded companies

Trend Discovery Holdings LLC, 08/26/2021 Q4 2021 Ecoark Holdings, Inc. ZEST Spinoff
Ecoark Holdings, Inc., spinoff details:

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.

SK Square 06/10/2021 Q4 2021 SK Telecom Co.,Ltd SKM Splitoff
SK Telecom Co.,Ltd , spinoff details:

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.

November 26, 2021: SK Squareband One Store, a company included in the investment portfolio of SK Square, announced that they applied for a preliminary review of their IPO plan for listing One Store on KOSPI by the first half of next year.

Quantinuum 06/08/2021 Q3 2021 Honeywell International Inc. HON Reverse Morris Trust
Honeywell International Inc. , spinoff details:

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.

November 30, 2021: Honeywell (HON) announced  that Honeywell Quantum Solutions (HQS) and Cambridge Quantum (CQ), two global leaders in quantum computing and technology, received regulatory approval and completed the previously announced business combination.

Wynn Interactive Ltd. 05/10/2021 Q4 2021 Wynn Resorts, Limited WYNN Reverse Morris Trust
Wynn Resorts, Limited, spinoff details:

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.”

Office Depot Consumer Business 05/05/2021 Q2 2022 The ODP Corporation ODP Spinoff
The ODP Corporation, spinoff details:

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

May 4, 2022: Office Depot owner close to decision on sale of retail business 'Operationally, we’ll keep our heads down and focused on continuing to drive strong execution while making progress on the strategic evaluation of our consumer business, working to bring that process to a close in the near term,’ says ODP CEO Jerry Smith.

Home Networks 04/08/2021 Q2 2022 (delayed) CommScope Holding Company, Inc. COMM Spinoff
CommScope Holding Company, Inc., spinoff details:

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.

Investor Presentation

Update(s):

May 6, 2021: Announced plan to spin-off Home Networks business on track.

August 5, 2021: Planned spin-off progressing; on track to complete spin-off during second quarter 2022.

February 17, 2022: Planned spin-off of Home Networks business delayed due to supply chain constraints.

Lennar Mortgage Finance 03/17/2021 Q3 or Q4 2022 Lennar Corporation LEN Spinoff
Lennar Corporation, spinoff details:

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

Update(s):

March 17, 2022: Stuart Miller - Executive Chairman mentioned during earning call that they have Filed confidential Form 10 filing in February.? Also added, Given the choppiness of the capital markets and the work that is still being completed, we're pushing our expectations for the actual execution to the third or fourth quarter of this year.

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.

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.

Life & Retirement business (Corebridge Financial) 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.

Update(s):

December 9, 2020: AIG Life & Retirement, a division of American International Group Inc. (AIG), announced that Todd Solash, Chief Executive Officer of its Individual Retirement business, will take on an expanded role with the additional leadership of the company’s Life Insurance business.

July 14, 2021: American International Group, Inc. (AIG) and Blackstone (BX) announced that they have reached a definitive agreement for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business for $2.2 billion in an all cash transaction.

November 2, 2021: American International Group, Inc. (AIG) and Blackstone (BX) announced that the previously disclosed transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business and for Blackstone to manage an initial $50 billion of Life & Retirement’s existing investment portfolio has closed.

March 28, 2022: American International Group, Inc. (AIGannounced Directors for the Board of Directors of Corebridge Financial, Inc. as it continues to prepare its Life & Retirement business to be a standalone company.

March 28, 2022: American International Group, Inc. (AIG) announced that it plans to rebrand SAFG Retirement Services, Inc., the parent company of its Life & Retirement business, as Corebridge Financial, Inc. when it becomes a public company.

March 28, 2022: American International Group Inc. filed for an initial public offering of its life and retirement arm, one of the final steps in a years-long effort to simplify the sprawling insurer.

April 11, 2022:  American International Group, Inc. (AIG) announced that Sabra Purtill, has been appointed Executive Vice President and Chief Investment Officer for its Life & Retirement business, effective immediately.

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.”

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.

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.

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.

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.

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.

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.

Update(s):

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

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 Q2 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.

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.

April 10, 2021: 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 Ault Global Holdings, Inc. DPW Spinoff
Ault Global 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.

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.”

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.

During the Q2 2020 conference call Brian Kesseler announced the separation has been delayed due to pandemic.

DRiV Incorporated 04/10/2018 N/A 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.

Update(s):

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.

January 7, 2020: Tenneco Inc. (TEN) announced current end-market conditions are affecting the Company's ability to complete a separation in the mid-year 2020 time range. 

 January 27, 2020: Tenneco Inc. (TEN) reconfirmed that it has been reviewing strategic alternatives to maximize shareholder value. In consultation with its advisors, Tenneco is reviewing and considering, in addition to the current plan to spin off the Company's Aftermarket and Ride Performance business ("DRiV"), a full range of strategic options including the sale of DRiV and/or the Company's Powertrain Technology business.

During the Second quarter 2020 conference call Brian Kesseler announced the separation has been delayed due to pandemic.

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
CXApp Holding Corp 09/26/2022 INPX
Inpixon, spinoff details:

Inpixon (INPX), the Indoor Intelligence company,  announced it has signed a definitive merger agreement with KINS Technology Group, a publicly traded special purpose acquisition company (KINZ), for KINS to acquire Inpixon's enterprise apps business. 

The transaction will be structured as a business combination with Inpixon's newly formed subsidiary, CXApp Holding Corp., that is anticipated to result in Inpixon stockholders receiving shares in KINS valued at approximately $69 million. 

ATM business 09/15/2022 NCR
NCR Corporation , spinoff details:

NCR Corporation (NCR), a leading enterprise technology provider to banks, retailers and restaurants, announced its Board of Directors has unanimously approved a plan to separate NCR into two independent, publicly traded companies

– one focused on digital commerce,

- ATM business

The separation is intended to be structured in a tax-free manner and is targeted for the end of 2023.

Digital commerce business 09/15/2022 NCR
NCR Corporation, spinoff details:

NCR Corporation (NCR), a leading enterprise technology provider to banks, retailers and restaurants, announced its Board of Directors has unanimously approved a plan to separate NCR into two independent, publicly traded companies

– one focused on digital commerce,

- ATM business

The separation is intended to be structured in a tax-free manner and is targeted for the end of 2023.

Environmental & Applied Solutions 09/14/2022 DHR
Danaher Corporation, spinoff details:

Danaher Corporation (DHR) announced its intention to separate its Environmental & Applied Solutions segment to create an independent, publicly traded company. The new company will be comprised of Danaher's Water Quality and Product Identification businesses and will be referred to as "EAS" until it is named at a later date.

The transaction is intended to be tax-free to Danaher shareholders and expected to be completed in the fourth quarter of 2023.

Sandoz 08/25/2022 NVS
Novartis AG, spinoff details:

Novartis (NVS) plans to spin off its underperforming generics unit Sandoz to sharpen its focus on its patented prescription medicines, the Swiss group said on Thursday, acknowledging it had not received any formal offers for the business to date.

The transaction, which is anticipated to be generally tax-neutral for Novartis, is expected to be completed in the second half of next year, subject to market conditions

August 25, 2022: Investor presentation

Banner Midstream 08/24/2022 ZEST
Ecoark Holdings, Inc. , spinoff details:

Ecoark Holdings, (ZEST) announced the execution of a definitive agreement to divest its wholly-owned subsidiary, Banner Midstream Corp, via a reverse merger into the company, Enviro Technologies US, (EVTN). Enviro will issue 12,996,958 shares to Ecoark in exchange for 100% of the issued and outstanding common stock of Banner to result in a 70% retained ownership for Ecoark at closing. 

Outdoor Online 08/15/2022 POWW
AMMO, Inc., spinoff details:

 

AMMO, Inc. (POWW), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, announces that its Board of Directors has unanimously approved a plan to separate its ammunition and marketplace businesses into two independent publicly-traded companies.
Outdoor Online will be comprised of GunBroker.com and its related online businesses. Current AMMO Chairman & CEO, Fred Wagenhals, will assume the Chairman & CEO role in Outdoor Online. 
The second entity, Action Outdoor Sports, will retain the company’s current ammunition and munition components business

AMMO, Inc. (POWW), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, announces that its Board of Directors has unanimously approved a plan to separate its ammunition and marketplace businesses into two independent publicly-traded companies.

Outdoor Online will be comprised of GunBroker.com and its related online businesses. Current AMMO Chairman & CEO, Fred Wagenhals, will assume the Chairman & CEO role in Outdoor Online. 

The second entity, Action Outdoor Sports, will retain the company’s current ammunition and munition components business

Investor Presentation

Update(s):

August 25, 2022: AMMO, Inc. (POWW) CEO provides letter to Shareholders highlighting the separation of its Ammunition and Marketplace segments into two independent publicly traded companies. Current AMMO (POWW) shareholders will retain their full shares in Outdoor Online, which will be the new name of that company. 

Action Outdoor Sports 08/15/2022 POWW
AMMO, Inc., spinoff details:

AMMO, Inc. (POWW), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, announces that its Board of Directors has unanimously approved a plan to separate its ammunition and marketplace businesses into two independent publicly-traded companies.

Outdoor Online will be comprised of GunBroker.com and its related online businesses. Current AMMO Chairman & CEO, Fred Wagenhals, will assume the Chairman & CEO role in Outdoor Online. 

The second entity, Action Outdoor Sports, will retain the company’s current ammunition and munition components business

Investor Presentation

SpinCo 08/11/2022 STAR
iStar, spinoff details:

iStar (STAR) will spin off to iStar shareholders a new publicly traded entity ("SpinCo") that will own all of its remaining non-ground lease assets and $400 million of its SAFE shares, enabling iStar shareholders to participate in the orderly monetization of these assets over time. SpinCo will be managed by New Safehold in exchange for a management fee.

Press Release

Investor Presentation

Knife River Corporation 08/04/2022 MDU
MDU Resources Group, Inc., spinoff details:

MDU Resources Group, Inc. (MDU) announced that its board of directors has unanimously approved a plan to separate its wholly owned construction materials business, Knife River Corporation, from the company.  The separation is expected to be effected as a tax-free spinoff to MDU Resources shareholders and to be completed in 2023.

Clinical-Development Business 07/28/2022 LH
Laboratory Corporation of America Holdings, spinoff details:

Laboratory Corp. of America Holdings (LH) plans to spin off its unit focused on clinical drug trials, according to people familiar with the matter, a move that will create a new stand-alone company in the fast-growing contract-research sector.

Healthcare business 07/26/2022 MMM
3M Company , spinoff details:

3M Co (MMM) disclosed plans to spin off its healthcare business into a listed company, joining a raft of U.S. manufacturers looking to simplify their business and boost investor returns.

Vitesse Energy, Inc. 07/19/2022 JEF
Jefferies Financial Group Inc. , spinoff details:

 

Jefferies Financial Group Inc. (JEF) announced that, adhering to its long-standing fundamental strategy of focusing on building its investment banking and capital markets businesses and reducing the size of its Merchant Banking portfolio, Jefferies expects to spin off to its shareholders its holdings in Vitesse Energy prior to the end of 2022. 
That spin-off will involve the formation of a new standalone entity, Vitesse Energy, Inc., that will ultimately be a publicly traded company listed on the New York Stock Exchange.

Jefferies Financial Group Inc. (JEF) announced that, adhering to its long-standing fundamental strategy of focusing on building its investment banking and capital markets businesses and reducing the size of its Merchant Banking portfolio, Jefferies expects to spin off to its shareholders its holdings in Vitesse Energy prior to the end of 2022. 

That spin-off will involve the formation of a new standalone entity, Vitesse Energy, Inc., that will ultimately be a publicly traded company listed on the New York Stock Exchange.

 

PodcastOne 07/15/2022 LVO
LiveOne, Inc., spinoff details:

LiveOne (LVO), an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events, announced its intention to spin-out its wholly owned subsidiary, PodcastOne, as a separate public company to be listed on a national exchange.

North America Cereal Co 06/21/2022 K
Kellogg Company, spinoff details:

Kellogg Company (K) announced that its Board of Directors has approved a plan to separate its North American cereal and plant-based foods businesses, via tax-free spin-offs, resulting in three independent public companies, each better positioned to unlock their full standalone potential.

 - "Global Snacking Co." will be a leading company in global snacking, international cereal and noodles  and North America frozen breakfast

- "North America Cereal Co."  will be a leading cereal company in the U.S., Canada, and Caribbean

- "Plant Co." , will be a leading, pure-play plant-based foods company, anchored by the MorningStar Farms brand

The proposed spin-offs are intended to result in tax-free distributions of North America Cereal Co. and Plant Co. shares to Kellogg Company shareowners.  Shareowners would receive shares in the two spin-off entities on a pro-rata basis relative to their Kellogg holdings at the record date for each spin-off.

More details

Update(s):

September 28, 2022: Kellogg Company (K) announced additional appointments to the future leadership team of North America Cereal Co

Kellogg Company (K) appointed Norma Barnes-Euresti as Chief Legal Officer, Mike Christensen as Chief Human Resources Officer, Stacy Flathau as Chief Corporate Affairs Officer, Sarah Ludmer as Chief Wellbeing and ESG Officer and Bill Rex as Chief Information Officer

Plant Co. 06/21/2022 K
Kellogg Company, spinoff details:

Kellogg Company (K) announced that its Board of Directors has approved a plan to separate its North American cereal and plant-based foods businesses, via tax-free spin-offs, resulting in three independent public companies, each better positioned to unlock their full standalone potential. 

- "Global Snacking Co." will be a leading company in global snacking, international cereal and noodles  and North America frozen breakfast

- "North America Cereal Co." will be a leading cereal company in the U.S., Canada, and Caribbean

- "Plant Co.", will be a leading, pure-play plant-based foods company, anchored by the MorningStar Farms brand

The Company intends to separate Plant Co. as an independent business through a tax-free spin-off, while also exploring other strategic alternatives, including a possible sale.

The proposed spin-offs are intended to result in tax-free distributions of North America Cereal Co. and Plant Co. shares to Kellogg Company shareowners.  Shareowners would receive shares in the two spin-off entities on a pro-rata basis relative to their Kellogg holdings at the record date for each spin-off.

More details

Starz 05/26/2022 LGF-A
Lions Gate Entertainment Corp., spinoff details:

Lionsgate (LGF-A) CEO Jon Feltheimer revealed details during an investor call on, May 26, about the company’s plans to spin off its Starz streaming unit by the end of the summer.

Update(s):

August 5, 2022: Lions Gate Entertainment Corp. (LGF-A) mentioned it’s likely to announce a deal to spin off or sell a piece of its Starz cable network in September, with potential partners also showing interest in the company’s film and TV studios.

NewCo 05/25/2022 CTXR
Citius Pharmaceuticals, Inc. , spinoff details:

 

Citius Pharmaceuticals, Inc.(CTXR), a late-stage biopharmaceutical company developing and commercializing first-in-class critical care products,  announced that it intends to split the Company's assets into two separate publicly-traded entities. 
Citius plans to form a new company (NewCo) focused on developing and commercializing I/ONTAK, for which a Phase 3 trial was completed in December 2021 and a biologics license application (BLA) is being planned for submission in the second half of 2022.
Citius intends the spinoff to be accomplished through an initial public offering (IPO) and pro rata distribution of stock in the NewCo to Citius shareholders. 
The transactions are expected to be completed in the second half of calendar year 2022

Citius Pharmaceuticals, Inc. (CTXR), a late-stage biopharmaceutical company developing and commercializing first-in-class critical care products,  announced that it intends to split the Company's assets into two separate publicly-traded entities

Citius Pharmaceuticals, Inc. announces intention to Spinoff Late-Stage Oncology Asset, I/ONTAK, into a New Standalone Publicly Traded Company

Citius intends the spinoff to be accomplished through an initial public offering (IPO) and pro rata distribution of stock in the NewCo to Citius shareholders. 

The transactions are expected to be completed in the second half of calendar year 2022

Asset Management Business 05/12/2022 BAM
Brookfield Asset Management, spinoff details:

Publicly traded Brookfield Asset Management Inc. (BAM) and distribute a 25% interest worth an estimated $20 billion to shareholders later this year, Bruce Flatt, chief executive, said in a letter

Update(s):

September 23, 2022: Brookfield (BAM) announced that its Board of Directors has unanimously approved the transaction for the public listing and distribution of a 25% interest in its asset management business, through Brookfield Asset Management Ltd. 

Acanna Therapeutics Inc. 05/11/2022 ENVB
Enveric Biosciences, Inc., spinoff details:

 

 Enveric Biosciences (ENVB), a neuroscience-focused biotechnology company developing next-generation, psychedelic-inspired mental health medicines, announced plans to transfer and spin-off its cannabinoid clinical development pipeline assets to a wholly-owned subsidiary, Acanna Therapeutics Inc., by way of dividend to Enveric shareholders. 
 

 Enveric Biosciences (ENVB), a neuroscience-focused biotechnology company developing next-generation, psychedelic-inspired mental health medicines, announced plans to transfer and spin-off its cannabinoid clinical development pipeline assets to a wholly-owned subsidiary, Acanna Therapeutics Inc., by way of dividend to Enveric shareholders.  

 

Aramark Uniform Services 05/10/2022 ARMK
Aramark , spinoff details:

 

Aramark (ARMK) announced its plan to separate Aramark Uniform Services (AUS) into an independent, publicly traded company. The transaction is intended to be structured as a spin-off that is tax-free to Aramark and its stockholders. 
The Company currently expects the spin-off to occur by the end of fiscal 2023.

Aramark (ARMK) announced its plan to separate Aramark Uniform Services (AUS) into an independent, publicly traded company. The transaction is intended to be structured as a spin-off that is tax-free to Aramark and its stockholders. 

The Company currently expects the spin-off to occur by the end of fiscal 2023.

Investor Presentation

 

Outdoor Products (to be renamed) 05/05/2022 VSTO
Vista Outdoor Inc. , spinoff details:

 

Vista Outdoor Inc.(VSTO) announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. The Company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders. 
Following the separation, the Company's Outdoor Products segment will be an industry-leading platform of outdoor brands including CamelBak, Bell, Giro, Camp Chef, Bushnell, Bushnell Golf, Foresight Sports, Stone Glacier and QuietKat. 
As an independent company, Sporting Products will continue to focus on ammunition categories through its renowned brands including Federal, Remington, CCI, Speer, Estate Cartridge and HEVI-Shot.

Vista Outdoor Inc. (VSTO) announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. The Company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders. 

Following the separation, the Company's Outdoor Products segment will be an industry-leading platform of outdoor brands including CamelBak, Bell, Giro, Camp Chef, Bushnell, Bushnell Golf, Foresight Sports, Stone Glacier and QuietKat. 

As an independent company, Sporting Products will continue to focus on ammunition categories through its renowned brands including Federal, Remington, CCI, Speer, Estate Cartridge and HEVI-Shot.

Update(s):

July 27, 2022: On May 5, 2022, Vista Outdoor Inc. (VSTO) announced that Board of Directors has unanimously approved preparations for the separation of our Outdoor Products and Sporting Products reportable segments into two independent, publicly-traded companies. During the three months ended June 26, 2022, they incurred costs associated with the planned separation, including advisory and legal fees. Given the nature of transaction costs, and differences in these amounts from one transaction to another, the company believes these costs are not indicative of ongoing operations of the company. They applied a blended tax rate of 25 percent.

Investor Presentation

SkyHawk Security 05/03/2022 RDWR
Radware , spinoff details:

Radware (RDWR), a leading provider of cyber security and application delivery solutions, announced the spinoff of its Cloud Native Protector business to form a new company called SkyHawk Security. 

Investor Presentation

Cabinets business 04/28/2022 FBHS
Fortune Brands Home & Security, Inc., spinoff details:

Fortune Brands Home & Security, Inc. (FBHS), an industry-leading home and security products company, announced that it intends to separate into two publicly traded companies.

Update(s):

July 27, 2022: Fortune Brands Home & Security, Inc. (FBHS)- Separation of companies progressing ahead of schedule; Company expects to file initial Form 10 during 3Q

Investor Presentation

Transportation Business 04/07/2022 CNDT
Conduent Incorporated, spinoff details:

Conduent Incorporated (CNDT), a business process services and solutions company, announced it is pursuing a separation of its Transportation business through either a sale or a spin-off.

Update(s):

July 19, 2022: Conduent Incorporated (CNDT), a business process services and solutions company, plans to report its second-quarter 2022 financial results on Tuesday, Aug. 2, after market close.

Crane NXT 03/30/2022 CR
Crane Co. , spinoff details:

 

Crane Co. (CR), a diversified manufacturer of highly engineered industrial products, announced that its Board of Directors has unanimously approved a plan to pursue a separation into two independent, publicly-traded companies.  After the separation, Crane Co. will include the Aerospace & Electronics and Process Flow Technologies businesses. Payment and Merchandising Technologies Business to Become “Crane NXT”.
Crane NXT's shares are expected to be listed on the NYSE under the ticker symbol “CXT”.
Separation Expected to be Completed Within Approximately 12 Months.

Crane Co. (CR), a diversified manufacturer of highly engineered industrial products, announced that its Board of Directors has unanimously approved a plan to pursue a separation into two independent, publicly-traded companies.  After the separation, Crane Co. will include the Aerospace & Electronics and Process Flow Technologies businesses.

Payment and Merchandising Technologies Business to Become “Crane NXT”.

Crane NXT's shares are expected to be listed on the NYSE under the ticker symbol “CXT”.

Separation Expected to be Completed Within Approximately 12 Months.

Update(s):

July 26, 2022:  Search process for Crane NXT CEO is underway, including evaluation of internal and external candidates.

RXO 03/08/2022 XPO
XPO Logistics, Inc., spinoff details:

XPO Logistics, Inc. (XPO)  announced that its board of directors, after a thorough examination of strategic alternatives, has approved a plan that the board believes is the optimal path to unlock value for XPO stakeholders. XPO intends to separate its tech-enabled brokered transportation services from its less-than-truckload (LTL) business in North America; and intends to divest its European business and North American intermodal operation

Investor Presentation

Update(s):

March 25, 2022: XPO Logistics, Inc. (XPO) announced that it has divested its North American intermodal business to STG Logistics, Inc. for cash proceeds of approximately $710 million, subject to a customary post-closing purchase price adjustment. 

May 9, 2022: XPO Logistics Inc. (XPO) named Drew Wilkerson chief executive of the planned spinoff of its freight brokerage as part of the logistics operator’s reorganization of its business units into three separate publicly traded companies.

Jun 02, 2022: XPO Logistics, Inc. (XPO), a leading provider of freight transportation services, announced that it has filed a confidential Form 10 registration statement for the planned spin-off of its tech-enabled brokered transportation platform. 

June 07, 2022: XPO Logistics, Inc. (XPO), announced that Yoav Amiel has been appointed chief information officer for the planned spin-off of the company’s asset-light brokered transportation platform. Amiel currently leads the technology organization for XPO’s North American transportation division led by Drew Wilkerson, who, as previously announced, will be chief executive officer of the spin-off company.

July 12, 2022: XPO Logistics, Inc. (XPO), a leading provider of freight transportation services, today announced that a new company identity has been created in connection with the planned spin-off of its tech-enabled brokerage platform. The spin-off is named RXO to reflect the company’s commitment to provide reliability multiplied by outperformance. 

September 28, 2022: XPO Logistics, (XPO) announced the filing of a public Form 10 registration statement with the U.S. Securities and Exchange Commission in connection with the planned spin-off of RXO,

Home Appliances and Personal Care businesses 02/04/2022 SPB
Spectrum Brands Holdings, Inc., spinoff details:

Chairman and Chief Executive Officer of Spectrum Brands (SPB) David Maura mentioned they are currently considering possible scenarios for the combined business, which include, but are not limited to, a partial or complete spin-off to our shareholders, an initial public offering or a merger with an existing publicly traded entity. 

Bluerock Homes Trust, Inc. 12/20/2021 BRG
Bluerock Residential Growth REIT, Inc., spinoff details:

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”)

Update(s):

April 12, 2022: Bluerock Residential Growth REIT, Inc. (BRG) announced that the Company’s stockholders approved the proposed acquisition of the Company by affiliates of Blackstone Real Estate .The Acquisition will occur following the spin-off of the Company’s single-family rental business (the “Spin-Off”) through the taxable distribution to common stockholders of all of the outstanding shares of common stock of a newly formed real estate investment trust named Bluerock Homes Trust, Inc. (“BHM”). Company common stockholders will receive $24.25 in cash per share of Company common stock in the Acquisition in addition to the BHM common stock that they will receive in the Spin-Off.

August 26, 2022: Bluerock Residential Growth REIT, (BRG)and Blackstone Real Estate announced that the completion of the proposed acquisition of the Company by Blackstone, and the proposed spin-off of the company's single-family rental business to its shareholders, is expected to occur on or about October 6, 2022.

September 19, 2022: Bluerock Residential Growth REIT, Inc. (BRG) announced that its Board of Directors has approved the distribution to its shareholders of all of the outstanding shares of common stock of Bluerock Homes Trust, Inc., which will become the holder of the Company’s single-family rental business. 

The Spin-Off is expected to be completed on October 6, 2022 before the opening of the New York Stock Exchange American. BRG, which will continue to hold the Company’s multi-family rental business, expects to complete the previously announced acquisition of BRG by affiliates of Blackstone Real Estate (the “Acquisition”) promptly following the completion of the Spin-Off.

 

The Acquisition and the Spin-Off currently are expected to close in the second quarter of 2022, and are subject to the completion of customary closing conditions. Upon the closing of the Acquisition, BRG’s common stock and preferred stock will no longer be listed on any public market.
Ault Alliance, Inc 11/22/2021 DPW
Ault Global Holdings, Inc., spinoff details:

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

Consumer Health business 11/12/2021 JNJ
Johnson & Johnson, spinoff details:

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

Investor Presentation

Update(s):

August 24, 2022: Johnson & Johnson (JNJ) announced the appointment of Larry Merlo as Non-executive Chair Designate for the future, listed New Consumer Health Company’s Board of Directors. Merlo previously served as President and CEO of CVS Health

September 28, 2022: Johnson & Johnson (JNJ) announces Kenvue as the name for planned new consumer health company

GE Aviation 11/09/2021 GE
General Electric Company, spinoff details:

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 Healthcare 11/09/2021 GE
General Electric Company, spinoff details:

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

Update(s):

September 12, 2022: GE (GE) announced the first Board of Directors for GE HealthCare, the planned independent company that will be created following its spin-off from GE. The company also announced that it is targeting a spin-off date in the first week of January 2023

Combined Renewable Energy and Power 11/09/2021 GE
General Electric Company, spinoff details:

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

OmniAb, Inc. 11/09/2021 LGND
Ligand Pharmaceuticals Incorporated, spinoff details:

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.

Investor Presentation

Update(s):

February 17, 2022: Ligand (LGND) now expects to pursue separation of OmniAb through a direct spin-off of 100% of OmniAb equity to shareholders with Ligand capitalizing the OmniAb business directly with $70 million. OmniAb expects to file a Form 10 with the Securities and Exchange Commission and complete its separation in the first half of 2022

The distribution is expected to qualify as a tax-free transaction for U.S. federal income tax purposes to both Ligand and its shareholders.

March 23, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced the signing of a definitive merger agreement with Avista Public Acquisition Corp. II (AHPA), a publicly traded special purpose acquisition company (SPAC), providing for the spin-off of OmniAb, Inc. 

The transaction is expected to close in the second half of 2022.

October 3, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced that its board of directors has set October 26, 2022 as the record date (Record Date) for the dividend of shares of common stock of OmniAb, Inc. to be distributed to Ligand shareholders in order to effect the separation of Ligand and OmniAb into two independent, publicly traded companies

Trend Discovery Holdings LLC, 08/26/2021 ZEST
Ecoark Holdings, Inc., spinoff details:

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.

SK Square 06/10/2021 SKM
SK Telecom Co.,Ltd , spinoff details:

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.

November 26, 2021: SK Squareband One Store, a company included in the investment portfolio of SK Square, announced that they applied for a preliminary review of their IPO plan for listing One Store on KOSPI by the first half of next year.

Quantinuum 06/08/2021 HON
Honeywell International Inc. , spinoff details:

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.

November 30, 2021: Honeywell (HON) announced  that Honeywell Quantum Solutions (HQS) and Cambridge Quantum (CQ), two global leaders in quantum computing and technology, received regulatory approval and completed the previously announced business combination.

Wynn Interactive Ltd. 05/10/2021 WYNN
Wynn Resorts, Limited, spinoff details:

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.”

Office Depot Consumer Business 05/05/2021 ODP
The ODP Corporation, spinoff details:

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

May 4, 2022: Office Depot owner close to decision on sale of retail business 'Operationally, we’ll keep our heads down and focused on continuing to drive strong execution while making progress on the strategic evaluation of our consumer business, working to bring that process to a close in the near term,’ says ODP CEO Jerry Smith.

Home Networks 04/08/2021 COMM
CommScope Holding Company, Inc., spinoff details:

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.

Investor Presentation

Update(s):

May 6, 2021: Announced plan to spin-off Home Networks business on track.

August 5, 2021: Planned spin-off progressing; on track to complete spin-off during second quarter 2022.

February 17, 2022: Planned spin-off of Home Networks business delayed due to supply chain constraints.

Lennar Mortgage Finance 03/17/2021 LEN
Lennar Corporation, spinoff details:

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

Update(s):

March 17, 2022: Stuart Miller - Executive Chairman mentioned during earning call that they have Filed confidential Form 10 filing in February.? Also added, Given the choppiness of the capital markets and the work that is still being completed, we're pushing our expectations for the actual execution to the third or fourth quarter of this year.

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.

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.

Life & Retirement business (Corebridge Financial) 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.

Update(s):

December 9, 2020: AIG Life & Retirement, a division of American International Group Inc. (AIG), announced that Todd Solash, Chief Executive Officer of its Individual Retirement business, will take on an expanded role with the additional leadership of the company’s Life Insurance business.

July 14, 2021: American International Group, Inc. (AIG) and Blackstone (BX) announced that they have reached a definitive agreement for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business for $2.2 billion in an all cash transaction.

November 2, 2021: American International Group, Inc. (AIG) and Blackstone (BX) announced that the previously disclosed transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business and for Blackstone to manage an initial $50 billion of Life & Retirement’s existing investment portfolio has closed.

March 28, 2022: American International Group, Inc. (AIGannounced Directors for the Board of Directors of Corebridge Financial, Inc. as it continues to prepare its Life & Retirement business to be a standalone company.

March 28, 2022: American International Group, Inc. (AIG) announced that it plans to rebrand SAFG Retirement Services, Inc., the parent company of its Life & Retirement business, as Corebridge Financial, Inc. when it becomes a public company.

March 28, 2022: American International Group Inc. filed for an initial public offering of its life and retirement arm, one of the final steps in a years-long effort to simplify the sprawling insurer.

April 11, 2022:  American International Group, Inc. (AIG) announced that Sabra Purtill, has been appointed Executive Vice President and Chief Investment Officer for its Life & Retirement business, effective immediately.

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.”

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.

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.

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.

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.

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.

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.

Update(s):

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

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.

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.

April 10, 2021: 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
Ault Global 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.

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.”

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.

During the Q2 2020 conference call Brian Kesseler announced the separation has been delayed due to pandemic.

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.

Update(s):

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.

January 7, 2020: Tenneco Inc. (TEN) announced current end-market conditions are affecting the Company's ability to complete a separation in the mid-year 2020 time range. 

 January 27, 2020: Tenneco Inc. (TEN) reconfirmed that it has been reviewing strategic alternatives to maximize shareholder value. In consultation with its advisors, Tenneco is reviewing and considering, in addition to the current plan to spin off the Company's Aftermarket and Ride Performance business ("DRiV"), a full range of strategic options including the sale of DRiV and/or the Company's Powertrain Technology business.

During the Second quarter 2020 conference call Brian Kesseler announced the separation has been delayed due to pandemic.

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.