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
Viatris Inc. MYL 07/29/2019 11/16/2020 15.85 15.855 0.03% 26,574,166 Pfizer Inc. PFE 35.42 36.53 3.13% 26,466,092 Reverse Morris Trust
Pfizer Inc., spinoff details:

July 29, 2019: Mylan (MYL) and Pfizer (PFE) announced a definitive agreement to combine Mylan with Upjohn, Pfizer’s off-patent branded and generic established medicines business, creating a new global pharmaceutical company. Under the terms of the agreement, which is structured as an all-stock, Reverse Morris Trust transaction, each Mylan share would be converted into one share of the new company. Pfizer shareholders would own 57% of the combined new company, and Mylan shareholders would own 43%.

November 12, 2019: Mylan (MYL) and Pfizer (PFE) announced that the name of the new company to be formed by the planned combination of Mylan and Upjohn, a division of Pfizer, will be Viatris.

May 29, 2020: Mylan (MYL), Pfizer (PFE), Newco and certain of their affiliates entered into Amendment No. 1 to the Business Combination Agreement, and Pfizer and Newco entered into Amendment No. 2 to the Separation and Distribution Agreement. In light of the ongoing regulatory review process, including delays related to the COVID-19 pandemic, the Amendments provide, among other things, that the closing of the Combination shall not occur prior to October 1, 2020 and that the Outside Date shall be December 31, 2020.

November 16, 2020: Pfizer (PFE) announced that it has completed the transaction to spin off its Upjohn Business and combine it with Mylan N.V. to form Viatris Inc.

Maxeon Solar Technologies MAXN 11/11/2019 08/26/2020 19.00 23.2 22.11% 973,405 SunPower Corporation SPWR 11.05 23.35 111.31% 4,942,657 Spinoff
SunPower Corporation, spinoff details:

November 11, 2019: SunPower (SPWR) announced plans to separate into two independent, complementary, strategically-aligned and publicly-traded companies – SunPower and Maxeon Solar Technologies. SunPower expects to complete the separation and Maxeon Solar capital injection in the second quarter of 2020, subject to the satisfaction of various closing conditions.

August 26, 2020: SunPower Corporation (SPWR) completed the previously announced spin-off of Maxeon Solar Technologies (MAXN).

American Outdoor Brands AOUT 11/13/2019 08/24/2020 15.50 13.98 -9.81% 78,453 Smith & Wesson Brands, Inc. SWBI 17.19 15.265 -11.20% 1,922,490 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 7 -36.71% 3 Associated Capital Group, Inc. AC 40.16 37.53 -6.55% 3,733 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 105.67 139.01 31.55% 1,455,741 IAC/InterActiveCorp IAC 106.71 141.69 32.78% 449,916 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 13.13 19.36% 1,551,814 Ecolab Inc. ECL 222 218.03 -1.79% 732,595 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.

  Spinoff Name Announced Date Parent Symbol
Viatris Inc. 07/29/2019 PFE
Pfizer Inc., spinoff details:

July 29, 2019: Mylan (MYL) and Pfizer (PFE) announced a definitive agreement to combine Mylan with Upjohn, Pfizer’s off-patent branded and generic established medicines business, creating a new global pharmaceutical company. Under the terms of the agreement, which is structured as an all-stock, Reverse Morris Trust transaction, each Mylan share would be converted into one share of the new company. Pfizer shareholders would own 57% of the combined new company, and Mylan shareholders would own 43%.

November 12, 2019: Mylan (MYL) and Pfizer (PFE) announced that the name of the new company to be formed by the planned combination of Mylan and Upjohn, a division of Pfizer, will be Viatris.

May 29, 2020: Mylan (MYL), Pfizer (PFE), Newco and certain of their affiliates entered into Amendment No. 1 to the Business Combination Agreement, and Pfizer and Newco entered into Amendment No. 2 to the Separation and Distribution Agreement. In light of the ongoing regulatory review process, including delays related to the COVID-19 pandemic, the Amendments provide, among other things, that the closing of the Combination shall not occur prior to October 1, 2020 and that the Outside Date shall be December 31, 2020.

November 16, 2020: Pfizer (PFE) announced that it has completed the transaction to spin off its Upjohn Business and combine it with Mylan N.V. to form Viatris Inc.

Maxeon Solar Technologies 11/11/2019 SPWR
SunPower Corporation, spinoff details:

November 11, 2019: SunPower (SPWR) announced plans to separate into two independent, complementary, strategically-aligned and publicly-traded companies – SunPower and Maxeon Solar Technologies. SunPower expects to complete the separation and Maxeon Solar capital injection in the second quarter of 2020, subject to the satisfaction of various closing conditions.

August 26, 2020: SunPower Corporation (SPWR) completed the previously announced spin-off of Maxeon Solar Technologies (MAXN).

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.

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