|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|
|Automation & Specialty platform (“A&S platform”)||AIMC||03/07/2018||10/01/2018||41.59||35.43||-14.81%||1,663,415||Fortive Corporation||FTV||84.43||79.88||-5.39%||1,261,183||Reverse Morris Trust|
Fortive Corporation, spinoff details:
March 7, 2018: Fortive Corporation (FTV) announced that it has entered into a definitive agreement to combine four operating companies from its Automation & Specialty platform with Altra Industrial Motion (AIMC) in a tax-efficient transaction, creating a pure-play, global leader in the power transmission and motion control market. The combination will be effected as a Reverse Morris Trust, which is expected to be tax-efficient to Fortive.
October 1, 2018: Fortive Corporation (FTV) announced that it had consummated its previously announced combination of Fortive’s Automation & Specialty platform (excluding Fortive’s Hengstler and Dynapar businesses) with Altra Industrial Motion Corp. (AIMC).
|Frontdoor||FTDR||07/26/2017||10/01/2018||41.00||37.345||-8.91%||451,713||ServiceMaster Global Holdings, Inc.||SERV||62.03||44.8||-27.78%||454,517||Spinoff|
ServiceMaster Global Holdings, Inc., spinoff details:
July 26, 2017: ServiceMaster Global Holdings (SERV) announced its intention to separate its American Home Shield (AHS) business from its Terminix and Franchise Services Group (FSG) businesses. The separation of AHS is expected to result in two publicly traded companies – ServiceMaster and AHS – by means of a spin-off of the AHS business to ServiceMaster shareholders, in a transaction intended to be tax-free. The transaction is expected to be completed in the third quarter of 2018.
March 26, 2018: ServiceMaster Global Holdings, Inc. (SERV), a leading provider of essential residential and commercial services, today provided the following update in connection with its previously announced spin-off of American Home Shield (AHS). The spin-off continues to be on track to be completed in the third quarter of 2018.
May 3, 2018: ServiceMaster Global Holdings (SERV) announced the appointment of Rex Tibbens as President and Chief Executive Officer of its American Home Shield business, effective May 15, 2018. ServiceMaster’s previously announced spin-off of its American Home Shield business is on track to be completed in the third quarter of 2018, at which time Mr. Tibbens will continue to lead the brand.
August 28, 2018: ServiceMaster Global Holdings (SERV) announced that its Board of Directors approved the separation of its American Home Shield business through the distribution of at least 80.1 percent of the outstanding shares of common stock of its wholly owned subsidiary, frontdoor, inc. (“Frontdoor”), to holders of ServiceMaster common stock. Following the separation, ServiceMaster’s common stock will continue to trade on NYSE under the symbol “SERV.” Frontdoor’s common stock has been approved for listing on the NASDAQ under the symbol “FTDR.”. The separation will be completed through a pro rata dividend of Frontdoor common stock effective on October 1, 2018 to ServiceMaster shareholders of record as of the close of business on September 14, 2018.
October 1, 2018: ServiceMaster Global Holdings (SERV) announced that it successfully completed the spin-off of frontdoor, inc., which is now an independent public company that will begin “regular way” trading this morning on Nasdaq under the symbol “FTDR.” ServiceMaster shares will continue to trade on the NYSE under the symbol “SERV.”
|Garrett Motion Inc.||GTX-WI||10/08/2017||10/01/2018||18.50||18.5||0.00%||1,914,688||Honeywell International Inc.||HON||166.40||154.25||-7.30%||4,144,889||Spinoff|
Honeywell International Inc., spinoff details:
October 8, 2017: Honeywell International (HON) plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business.
February 26, 2018: Honeywell (HON) that it will appoint former long-time company executive Roger Fradin as the Chairman of the Board for the Homes and Global Distribution business spinoff announced last year. Fradin will start immediately to help Homes transition into a separate, stand-alone business. The spins are expected to be completed by the end of 2018.
June 14, 2018: Honeywell (HON) announced that its Transportation Systems business will rebrand itself "Garrett - Advancing Motion" upon successful completion of the previously announced spin which is expected to close before the end of the third quarter.
September 6, 2018: Honeywell International (HON) sent a notice (to its directors and executive officers regarding a blackout period. The administrator for the Plans will impose restrictions on transactions by participants in the Plans during the Blackout Period in order to provide for the conversion of the Honeywell Common Stock Fund in the Plans, which is an investment option under the Plans consisting primarily of shares of Honeywell common stock, into a new stock fund in respect of common stock of Garrett Motion Inc., in connection with, and contingent upon, the closing of the spin-off among Honeywell and Garrett Motion Inc., expected to close October 1, 2018.
October 1, 2018: Honeywell International (HON) announced that it completed the legal and structural separation of its Transportation Systems business , now called Garrett Motion Inc. As a result of the Spin-Off, Honeywell’s shareowners of record as of September 18, 2018 received one share of Garrett common stock, par value $0.001 per share, for every ten shares of Honeywell common stock, par value $1.00 per share, held as of the Record Date and cash for any fractional shares of Garrett’s common stock. Honeywell distributed approximately 74.1 million shares of Garrett common stock in the distribution.
|Energy Services Group business||KLXE||05/01/2018||09/17/2018||29.99||31.86||6.24%||88,517||KLX Inc.||KLXI||62.42||62.99||0.91%||807,269||Spinoff|
KLX Inc., spinoff details:
May 1, 2018: KLX Inc. (KLXI) announced its intention to sell its Aerospace Solutions Group business to The Boeing Company (BA) and to spin-off to KLX shareholders its Energy Services Group business. The Company currently expects that the separation of its businesses will occur in the third quarter of 2018.
August 28, 2018: The merger of KLX (KLXI) into The Boeing Company was approved by shareholders of KLX Inc. Beginning on Wednesday, August 29, 2018, there will be a when-issued market for KLX Energy Services common stock under the ticker symbol “KLXEV.” The when-issued market will continue until regular-way trading in KLX Energy Services common stock begins under the ticker symbol “KLXE” on September 17, 2018, the first trading day after the distribution date.
|Sysorex, Inc.||SYSX||04/17/2018||09/04/2018||0.04||0.016||-60.00%||4,271||Inpixon||INPX||0.1450||0.2562||76.69%||5,163,000||Carve Out|
Inpixon, spinoff details:
April 17, 2018: Inpixon (INPX) announced that its board of directors has authorized proceeding with a spin-off of its wholly-owned subsidiary, Inpixon USA, which is expected to be renamed “Sysorex, Inc.” in connection with the consummation of the transaction. Following the proposed transaction, Sysorex will become an independent publicly traded company.
April 23, 2018: Inpixon (INPX) announced that the Form 10 Registration Statement in connection with the planned spin-off of its wholly-owned subsidiary, Inpixon USA (“Sysorex”), which is expected to be renamed “Sysorex, Inc.” following the consummation of the transaction, creating two distinct, publicly traded companies, has been filed with the U.S. Securities and Exchange Commission.
August 7, 2018: Inpixon (INPX) announced its board of directors has formally approved the previously announced spin-off of its value added reseller division and executed a Separation and Distribution Agreement by and between Inpixon and Sysorex.
September 4, 2018: Inpixon (INPX) announced it has successfully completed the spin-off of its value added reseller business, Sysorex. As a result, Inpixon and Sysorex are now two separate publicly traded companies. Sysorex common stock is anticipated to begin “regular-way” trading under the symbol “SYSX” on the OTC Markets on September 4, 2018. Sysorex has applied to have its common stock quoted on the OTCQB platform of the OTC Markets. Inpixon common stock will continue to trade on the Nasdaq under the symbol “INPX”.
|Arlo Technologies, Inc.||ARLO||02/06/2018||08/03/2018||22.10||12.12||-45.16%||140,342||NetGear||NTGR||65.7||54.75||-16.67%||219,660||Carve Out|
NetGear, spinoff details:
February 6, 2018: NETGEAR (NTGR) announced that its Board of Directors has unanimously approved the pursuit of a separation of its Arlo business from NETGEAR. The separation is expected to be effected through an initial public offering (IPO) of newly issued shares of the common stock of Arlo Technologies, Inc. (Arlo), which will hold the Arlo business. NETGEAR expects Arlo to issue less than 20% of its common stock in the IPO, with NETGEAR to retain the remaining interest. NETGEAR expects Arlo to confidentially submit a draft registration statement with the Securities and Exchange Commission (SEC) in the first half of 2018, with the IPO expected to be completed in the second half of 2018.
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