Completed Spinoffs

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  Spinoff Name Spinoff Symbol Announced Date Spinoff Date First Day Closing Spinoff Last Price Spinoff Performance Spinoff Current Volume Parent Name Parent Symbol Parent First Day Closing Parent Last Price Parent Performace Parent Current Volume Type
American Outdoor Brands AOUT 11/13/2019 08/24/2020 15.50 13.52 -12.77% 239,635 Smith & Wesson Brands, Inc. SWBI 17.19 15.4 -10.41% 1,564,810 Spinoff
Smith & Wesson Brands, Inc., spinoff details:

November 13, 2019: American Outdoor Brands Corporation (AOBC) announced that its Board of Directors has unanimously approved proceeding with a plan to spin-off its outdoor products and accessories business as a tax-free stock dividend to its stockholders. The proposed transaction, which is expected to be completed in the second half of calendar 2020, would create two independent publicly traded companies: Smith & Wesson Brands, Inc. (which would encompass the firearm business) and American Outdoor Brands, Inc. (which would encompass the outdoor products and accessories business).

May 27, 2020: American Outdoor Brands Corporation (AOBC) announced that it will change its name to Smith & Wesson Brands effective June 1, 2020.  The name change reflects the company's preparation for the previously announced spin-off of its outdoor products and accessories business. The company's common shares will continue to be listed for trading on the Nasdaq Global Select exchange under the new ticker symbol 'SWBI' beginning at the market opening on Monday, June 1, 2020.

July 31, 2020: Smith & Wesson Brands (SWBI) announced that its board of directors has approved the previously announced separation from Smith & Wesson Brands, Inc. of its outdoor products and accessories business into an independent, publicly traded company. Upon consummation of the spin-off, the two companies will consist of Smith & Wesson Brands, Inc., which will include the firearms business; and American Outdoor Brands, Inc., which will include the outdoor products and accessories business. Following the spin-off, American Outdoor Brands will be a separate publicly traded company independent from Smith & Wesson Brands. Smith & Wesson Brands will not retain any American Outdoor Brands common stock. Smith & Wesson Brands will continue to be listed on NASDAQ under the symbol “SWBI.” American Outdoor Brands has received approval for the listing of its common stock on NASDAQ under the symbol “AOUT.” The distribution of American Outdoor Brands’ shares is expected to be completed on August 24, 2020.

August 24, 2020: Smith & Wesson Brands (SWBI) announced that it has completed the previously announced spin-off of its outdoor products and accessories business. Smith & Wesson Brands will continue to trade on NASDAQ under the ticker symbol "SWBI." The spin-off company, American Outdoor Brands will begin trading on NASDAQ under the symbol (AOUT).

Morgan Group Holding Co. MGHL 03/16/2020 08/05/2020 11.06 6.5 -41.23% 18 Associated Capital Group, Inc. AC 40.16 36.58 -8.91% 8,671 Spinoff
Associated Capital Group, Inc., spinoff details:

March 16, 2020: Associated Capital Group (AC) announced that its Board of Directors has approved the spin-off of Morgan Group Holding (MGHL) to Associated Capital’s shareholders.

August 5, 2020: The previously announced spin-off of Morgan Group Holding Co. (“MGHL”) from Associated Capital (AC) was completed.

Match Group MTCH 12/19/2019 07/01/2020 105.67 109.12 3.26% 3,332,292 IAC/InterActiveCorp IAC 106.71 118.96 11.48% 411,339 Splitoff
IAC/InterActiveCorp, spinoff details:

December 19, 2020: IAC/InterActiveCorp (IAC) and Match Group (MTCH) announced the entry into a definitive agreement providing for the full separation of Match Group from the remaining businesses of IAC. The agreement has been approved by the Board of Directors of each of IAC and Match Group, and was recommended to the Board of Directors of Match Group by a special committee made up of disinterested directors. The transaction is expected to close in the second quarter of 2020 and result in IAC and Match Group becoming two independent thriving public companies.

June 10, 2020: IAC (IAC) and Match Group (MTCH) announced that the deadline for stockholders of Match to elect the form of consideration they wish to receive in connection with the separation of IAC and Match is 5:00 p.m., New York City time, on June 18, 2020. The Election Deadline is based on IAC’s and Match’s expectation that IAC’s annual meeting of stockholders and Match’s special meeting of stockholders to approve matters relating to the proposed Separation will be held as scheduled on June 25, 2020.

July 1, 2020: IAC Holdings (IAC) and Match Group (MTCH) announced the successful completion of the separation of Match Group from the remaining businesses of IAC. As a result of the separation, Match Group’s dual class voting structure has been eliminated and the interest in Match Group formerly held by IAC is now held directly by IAC’s shareholders. Starting July 1, 2020 “new” IAC will trade under the symbol “IAC” and “new” Match Group under the symbol “MTCH.”

ChampionX Corporation CHX 02/04/2019 06/04/2020 11.00 7.97 -27.55% 1,845,759 Ecolab Inc. ECL 222 197.45 -11.06% 773,163 Splitoff
Ecolab Inc., spinoff details:

February 4, 2019: Ecolab (ECL) announced that it plans to spin off its Upstream energy businesses as a standalone publicly-traded company. Ecolab currently expects that the transaction will be completed by mid-year 2020.

June 4, 2020: Ecolab (ECL) announced both the successful completion of its split-off exchange offer for Ecolab common stock in connection with the previously announced separation of its Upstream Energy business (the "ChampionX Business") and the closing of the merger of ChampionX Holding, the Ecolab subsidiary holding the ChampionX Business, with a subsidiary of Apergy Corporation. The combined company formed by uniting Apergy with ChampionX will be named ChampionX Corporation and will be traded on the New York Stock Exchange under the ticker symbol CHX.

Madison Square Garden Entertainment Corp. MSGE 09/11/2015 04/17/2020 68.06 68.48 0.62% 106,092 Madison Square Garden Sports Corp. MSGS 169.20 152.41 -9.92% 117,733 Carve Out
Madison Square Garden Sports Corp., spinoff details:

September 11, 2015: The Madison Square Garden Company (MSG) announced that its board of directors has approved the spin-off of its sports and entertainment businesses from its media business. Upon completion of the transaction, MSG will be a standalone media company and will change its name to MSG Networks Inc. and the newly formed sports and entertainment company will be called The Madison Square Garden Company ("Madison Square Garden Company").

June 27, 2018: The Madison Square Garden Company (MSG) announced that its board of directors has unanimously approved a plan to explore a possible spin-off that would separate its sports businesses from its entertainment businesses, creating two distinct publicly traded companies.

October 4, 2018: The Madison Square Garden Company (MSG) announced that it has made important progress towards the potential spin-off of its sports business by filing a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (“SEC”).

November 7, 2019: The Madison Square Garden Company (MSG) announced that its board of directors has unanimously approved pursuing a revised plan for the proposed separation of its sports and entertainment businesses. The Company is now pursuing a spin-off of its entertainment businesses into a separately traded public company and, as part of this revised structure, the entertainment company would not retain an equity interest in the sports company. The proposed transaction is still expected to be completed during the first quarter of calendar 2020, subject to certain conditions.

December 3, 2019: The Madison Square Garden Company (MSG) announced that it has filed a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (“SEC”) for the proposed spin-off of its entertainment business. The filing represents a significant milestone with regard to completing the transaction, which the Company continues to expect will take place in the first quarter of calendar 2020, subject to certain conditions.

March 31, 2020: The Board of Directors of The Madison Square Garden Company approved the distribution to its stockholders of the common stock of MSG Entertainment Spinco, Inc.

April 21, 2020: Madison Square Garden Entertainment (MSGE) announced on Monday morning that it has completed its spin-off from Madison Square Garden Sports Corp (MSG) — the two formerly performing under The Madison Square Garden Company moniker.

Carrier Global Corporation CARR 11/26/2018 04/03/2020 16.13 30.5 89.09% 5,708,591 Raytheon Technologies Corporation RTX 49.93 57.6 15.36% 6,205,430 Spinoff
Raytheon Technologies Corporation, spinoff details:

November 26, 2018: United Technologies (UTX) announced the completion of its acquisition of Rockwell Collins (COL) and the company’s intention to separate its commercial businesses, Otis and Carrier (formerly CCS), into independent entities. The separation will result in three global, industry-leading companies.

Update(s)

September 16, 2019: Carrier appointed Tim McLevish as chief financial officer as it prepares to become a public company after completing its separation from United Technologies Corp (UTX).

March 11, 2020: United Technologies (UTX) announced that its Board of Directors approved the previously announced separations of Carrier and Otis. To effect the separations, the UTC Board of Directors declared a pro rata dividend of Carrier Global Corporation (CARR) common stock and Otis Worldwide Corporation (OTIS) common stock to be made effective on April 3, 2020 to UTC’s shareowners.

April 3, 2020: Raytheon Technologies Corporation (RTX) announced the successful completion of the all-stock merger of equals transaction between Raytheon Company and United Technologies Corporation on April 3, 2020, following the completion by United Technologies of its previously announced spin-offs of its Carrier (CARR) and Otis businesses (OTIS).

  Spinoff Name Announced Date Parent Symbol
American Outdoor Brands 11/13/2019 SWBI
Smith & Wesson Brands, Inc., spinoff details:

November 13, 2019: American Outdoor Brands Corporation (AOBC) announced that its Board of Directors has unanimously approved proceeding with a plan to spin-off its outdoor products and accessories business as a tax-free stock dividend to its stockholders. The proposed transaction, which is expected to be completed in the second half of calendar 2020, would create two independent publicly traded companies: Smith & Wesson Brands, Inc. (which would encompass the firearm business) and American Outdoor Brands, Inc. (which would encompass the outdoor products and accessories business).

May 27, 2020: American Outdoor Brands Corporation (AOBC) announced that it will change its name to Smith & Wesson Brands effective June 1, 2020.  The name change reflects the company's preparation for the previously announced spin-off of its outdoor products and accessories business. The company's common shares will continue to be listed for trading on the Nasdaq Global Select exchange under the new ticker symbol 'SWBI' beginning at the market opening on Monday, June 1, 2020.

July 31, 2020: Smith & Wesson Brands (SWBI) announced that its board of directors has approved the previously announced separation from Smith & Wesson Brands, Inc. of its outdoor products and accessories business into an independent, publicly traded company. Upon consummation of the spin-off, the two companies will consist of Smith & Wesson Brands, Inc., which will include the firearms business; and American Outdoor Brands, Inc., which will include the outdoor products and accessories business. Following the spin-off, American Outdoor Brands will be a separate publicly traded company independent from Smith & Wesson Brands. Smith & Wesson Brands will not retain any American Outdoor Brands common stock. Smith & Wesson Brands will continue to be listed on NASDAQ under the symbol “SWBI.” American Outdoor Brands has received approval for the listing of its common stock on NASDAQ under the symbol “AOUT.” The distribution of American Outdoor Brands’ shares is expected to be completed on August 24, 2020.

August 24, 2020: Smith & Wesson Brands (SWBI) announced that it has completed the previously announced spin-off of its outdoor products and accessories business. Smith & Wesson Brands will continue to trade on NASDAQ under the ticker symbol "SWBI." The spin-off company, American Outdoor Brands will begin trading on NASDAQ under the symbol (AOUT).

Morgan Group Holding Co. 03/16/2020 AC
Associated Capital Group, Inc., spinoff details:

March 16, 2020: Associated Capital Group (AC) announced that its Board of Directors has approved the spin-off of Morgan Group Holding (MGHL) to Associated Capital’s shareholders.

August 5, 2020: The previously announced spin-off of Morgan Group Holding Co. (“MGHL”) from Associated Capital (AC) was completed.

Match Group 12/19/2019 IAC
IAC/InterActiveCorp, spinoff details:

December 19, 2020: IAC/InterActiveCorp (IAC) and Match Group (MTCH) announced the entry into a definitive agreement providing for the full separation of Match Group from the remaining businesses of IAC. The agreement has been approved by the Board of Directors of each of IAC and Match Group, and was recommended to the Board of Directors of Match Group by a special committee made up of disinterested directors. The transaction is expected to close in the second quarter of 2020 and result in IAC and Match Group becoming two independent thriving public companies.

June 10, 2020: IAC (IAC) and Match Group (MTCH) announced that the deadline for stockholders of Match to elect the form of consideration they wish to receive in connection with the separation of IAC and Match is 5:00 p.m., New York City time, on June 18, 2020. The Election Deadline is based on IAC’s and Match’s expectation that IAC’s annual meeting of stockholders and Match’s special meeting of stockholders to approve matters relating to the proposed Separation will be held as scheduled on June 25, 2020.

July 1, 2020: IAC Holdings (IAC) and Match Group (MTCH) announced the successful completion of the separation of Match Group from the remaining businesses of IAC. As a result of the separation, Match Group’s dual class voting structure has been eliminated and the interest in Match Group formerly held by IAC is now held directly by IAC’s shareholders. Starting July 1, 2020 “new” IAC will trade under the symbol “IAC” and “new” Match Group under the symbol “MTCH.”

ChampionX Corporation 02/04/2019 ECL
Ecolab Inc., spinoff details:

February 4, 2019: Ecolab (ECL) announced that it plans to spin off its Upstream energy businesses as a standalone publicly-traded company. Ecolab currently expects that the transaction will be completed by mid-year 2020.

June 4, 2020: Ecolab (ECL) announced both the successful completion of its split-off exchange offer for Ecolab common stock in connection with the previously announced separation of its Upstream Energy business (the "ChampionX Business") and the closing of the merger of ChampionX Holding, the Ecolab subsidiary holding the ChampionX Business, with a subsidiary of Apergy Corporation. The combined company formed by uniting Apergy with ChampionX will be named ChampionX Corporation and will be traded on the New York Stock Exchange under the ticker symbol CHX.

Madison Square Garden Entertainment Corp. 09/11/2015 MSGS
Madison Square Garden Sports Corp., spinoff details:

September 11, 2015: The Madison Square Garden Company (MSG) announced that its board of directors has approved the spin-off of its sports and entertainment businesses from its media business. Upon completion of the transaction, MSG will be a standalone media company and will change its name to MSG Networks Inc. and the newly formed sports and entertainment company will be called The Madison Square Garden Company ("Madison Square Garden Company").

June 27, 2018: The Madison Square Garden Company (MSG) announced that its board of directors has unanimously approved a plan to explore a possible spin-off that would separate its sports businesses from its entertainment businesses, creating two distinct publicly traded companies.

October 4, 2018: The Madison Square Garden Company (MSG) announced that it has made important progress towards the potential spin-off of its sports business by filing a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (“SEC”).

November 7, 2019: The Madison Square Garden Company (MSG) announced that its board of directors has unanimously approved pursuing a revised plan for the proposed separation of its sports and entertainment businesses. The Company is now pursuing a spin-off of its entertainment businesses into a separately traded public company and, as part of this revised structure, the entertainment company would not retain an equity interest in the sports company. The proposed transaction is still expected to be completed during the first quarter of calendar 2020, subject to certain conditions.

December 3, 2019: The Madison Square Garden Company (MSG) announced that it has filed a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (“SEC”) for the proposed spin-off of its entertainment business. The filing represents a significant milestone with regard to completing the transaction, which the Company continues to expect will take place in the first quarter of calendar 2020, subject to certain conditions.

March 31, 2020: The Board of Directors of The Madison Square Garden Company approved the distribution to its stockholders of the common stock of MSG Entertainment Spinco, Inc.

April 21, 2020: Madison Square Garden Entertainment (MSGE) announced on Monday morning that it has completed its spin-off from Madison Square Garden Sports Corp (MSG) — the two formerly performing under The Madison Square Garden Company moniker.

Carrier Global Corporation 11/26/2018 RTX
Raytheon Technologies Corporation, spinoff details:

November 26, 2018: United Technologies (UTX) announced the completion of its acquisition of Rockwell Collins (COL) and the company’s intention to separate its commercial businesses, Otis and Carrier (formerly CCS), into independent entities. The separation will result in three global, industry-leading companies.

Update(s)

September 16, 2019: Carrier appointed Tim McLevish as chief financial officer as it prepares to become a public company after completing its separation from United Technologies Corp (UTX).

March 11, 2020: United Technologies (UTX) announced that its Board of Directors approved the previously announced separations of Carrier and Otis. To effect the separations, the UTC Board of Directors declared a pro rata dividend of Carrier Global Corporation (CARR) common stock and Otis Worldwide Corporation (OTIS) common stock to be made effective on April 3, 2020 to UTC’s shareowners.

April 3, 2020: Raytheon Technologies Corporation (RTX) announced the successful completion of the all-stock merger of equals transaction between Raytheon Company and United Technologies Corporation on April 3, 2020, following the completion by United Technologies of its previously announced spin-offs of its Carrier (CARR) and Otis businesses (OTIS).

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