Completed Spinoffs

Filter by: Upcoming | Completed

  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
Consensus CCSI 04/19/2021 10/07/2021 56.04 65.4 16.70% 80,710 Ziff Davis, Inc. ZD 114.10 125.91 10.35% 304,371 Spinoff
Ziff Davis, Inc., spinoff details:

April 19, 2021: J2 Global, Inc. (JCOM), a leading internet information and services company, announced its plan to separate the company into two independent publicly traded companies – J2 Global and Consensus – through a spin-off of at least 80.1% of the outstanding shares of Consensus common stock to J2 shareholders.

August 17, 2021: J2 Global, Inc. (JCOM) announced it intends to change its corporate name to Ziff Davis, Inc., upon completion of the planned spin-off of its Consensus business in Q3 2021. Following the spin-off, Ziff Davis is expected to trade under the Nasdaq ticker symbol ZD. The name change reflects the company’s position as a vertically-focused digital media and internet business.

August 18, 2021: Form 10-12B

September 21, 2021: J2 Global, Inc. (JCOM), announced that its Board of Directors approved its previously announced separation into two independent publicly traded companies – J2 Global, Inc., which will be known as Ziff Davis, Inc. after the separation and Consensus Cloud Solutions, Inc. The separation is expected to be completed on October 7, 2021.

October 08, 2021: Ziff Davis, Inc. (formerly known as J2 Global, Inc.) (ZD) announced that it has completed the previously announced separation of its Consensus business into an independent, publicly traded company. The new company, Consensus Cloud Solutions, Inc., (CCSI) is a leading provider of secure information-delivery services.

 

Regal Rexnord Corporation RRX 02/16/2021 10/04/2021 140.09 150.25 7.25% 699,245 Zurn Water Solutions ZWS 33.05 36.4 10.14% 580,188 Reverse Morris Trust
Zurn Water Solutions, spinoff details:

Regal Beloit Corporation (RBC) and Rexnord Corporation (RXN) announced that they have reached a definitive agreement whereby Rexnord will separate its Process & Motion Control (“PMC”) segment by way of a tax-free spin-off to Rexnord shareholders and then immediately combine it with Regal in a Reverse Morris Trust transaction.

Update(s)

August 19, 2021: Regal Beloit Corporation (RBC) announced that contingent on closing its planned merger with Rexnord Corporation's (RXN) Process & Motion Control segment ("PMC"), Regal's power transmission business, which will be comprised of its current Power Transmission Solutions segment and PMC, will be re-named Motion Control Solutions ("MCS").

September 1, 2021: Regal Beloit Corporation (RBC) announced that at a special meeting of the shareholders held on September 1, 2021, Regal shareholders overwhelmingly approved the issuance of shares of Regal common stock necessary to complete the previously announced combination of Rexnord Corporation's (RXN) Process & Motion Control ("PMC") business with Regal in a Reverse Morris Trust transaction.

September 13, 2021: Regal Beloit Corporation (RBC) and Rexnord Corporation (RXN) announced that they expect to complete the proposed combination of the Process & Motion Control Business of Rexnord with Regal through a Reverse Morris Trust transaction on October 4, 2021, subject to satisfaction or waiver of the applicable closing conditions.

September 17, 2021: Following completion of the transactions, (a) Regal will change its name to "Regal Rexnord Corporation" and its shares of common stock will trade on the NYSE under the ticker symbol "RRX" and (b) Rexnord Corporation will change its name to "Zurn Water Solutions Corporation" and its shares of common stock will trade on the NYSE under the ticker symbol "ZWS".

September 27, 2021: Regal Beloit (RBC) and Rexnord (RXN) announce estimated exchange ratio and the estimated amount of Regal Special Cash Dividend in connection with anticipated completion of combination of Regal and Rexnord's PMC Business.

October 04, 2021: Zurn Water Solutions Corporation (ZWS), formerly known as Rexnord Corporation (RXN), announced that it completed the previously announced spin-off of its Process & Motion Control (“PMC”) business in a Reverse Morris Trust transaction.

Sylvamo Corporation SLVM 12/03/2020 10/01/2021 33.00 27.64 -16.24% 334,345 International Paper Company IP 53.26 53.03 -0.43% 1,706,450 Carve Out
International Paper Company, spinoff details:

 

August 09, 2021: Form 10-12B

December 3, 2020:  International Paper (IP) announced a plan to pursue a spin-off of the Company’s Printing Papers segment into a standalone, publicly traded company (“SpinCo”). The transaction will result in two streamlined, leading companies well positioned for long-term success. Upon completion of the transaction, International Paper and SpinCo will each be well positioned to create long-term value. The Company expects to complete the spin-off late in the third quarter of 2021.

August 9, 2021: International Paper (IP) Announces Sylvamo Corporation as the name of its global papers spinoff.

August 23, 2021: Sylvamo common stock is expected to begin trading on a "when-issued" basis on the NYSE under the symbol "SLVM WI" beginning on September 14, 2021.  On October 1, 2021, "regular way" trading under the symbol "SLVM" is expected to begin.

August 27, 2021: International Paper (IP) global papers spinoff, Sylvamo Corporation, will host an Investor Day event Sept. 9, from 10 a.m. until noon EDT.

September 14, 2021: International Paper Company (IP) Board of Directors Declares Spin-Off Distribution of Sylvamo Corporation Common Stock.

September 28, 2021: Sylvamo Corp. (SLVM) will replace Stamps.com Inc. (STMP) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, October 4.

October 1, 2021: International Paper Company (IP) announced the completion of its previously announced separation and spin-off of its global printing papers business, now operating as Sylvamo Corporation (SLVM). Each International Paper shareholder received one share of Sylvamo common stock for every eleven shares of International Paper common stock held on the record date. International Paper continues to own approximately 19.9% of the outstanding shares of Sylvamo common stock.

Jackson Financial Inc. JXN 01/28/2021 09/13/2021 27.40 28.87 5.36% 646,174 Prudential plc PUK 42.44 40.89 -3.65% 147,485 Spinoff
Prudential plc, spinoff details:

The Board of Prudential (PUK) has decided to pursue the separation of its US business, Jackson Financial Inc., from the Group in the second quarter of 2021 through a demerger, whereby shares in Jackson would be distributed to Prudential shareholders. Following the proposed separation, Jackson expects to list on the New York Stock Exchange using the ticker "JXN".

Update(s):

March 22, 2021: Form 10-12B

August 06, 2021: Prudential (PUK) announces that the shareholder circular in relation to the proposed Demerger has been submitted to the Financial Conduct Authority by Prudential. Jackson’s Form 10 registration statement in relation to the proposed Demerger (“Form 10”) has been filed with the U.S. Securities and Exchange Commission.

August 11, 2021: Completion of strategic transformation through the proposed demerger of Jackson, planned to complete in September 2021.

September 13, 2021: Prudential plc (PUK) announces that a board committee of the Prudential Board has approved the Demerger Dividend1. Following the declaration by the Prudential Board of the Demerger Dividend, Prudential has completed the demerger of Jackson. (JXN)

Jackson is now an independent company listed on the New York Stock Exchange (“NYSE”) with a ticker JXN. Jackson’s Class A common stock commenced “when-issued” trading on the NYSE on Wednesday, 1 September 2021 and is expected to commence “regular way” trading on Monday, 20 September 2021.

 

GXO Logistics GXO 12/02/2020 08/02/2021 63.07 85.72 35.91% 360,765 XPO Logistics, Inc. XPO 83.95 85.56 1.92% 797,219 Carve Out
XPO Logistics, Inc., spinoff details:

December 2, 2020: XPO Logistics (XPO) announced that its board of directors has unanimously approved a plan to pursue a spin-off of 100% of its logistics segment as a separate publicly traded company. XPO intends to structure the spin-off as a transaction that is tax-free to XPO shareholders and would result in XPO shareholders owning stock in both companies.

January 27, 2021: Bradley Jacobs, XPO Logistics CEO, told a webinar audience on Monday that he is open to acquiring new companies once the existing XPO model is split into two parts. The company plans to split into a "pure play" LTL company and a logistics company.

March 18, 2021: XPO Logistics (XPO) has selected GXO Logistics as the name of the stand-alone logistics company that it will spin off from its larger operation later this year.

June 15, 2021: XPO Logistics, Inc. (XPO) Announces Meagan Fitzsimmons as Chief Compliance Officer for GXO Logistics Spin-Off.

July 13, 2021: XPO Logistics, Inc. (XPO) announced that its board of directors approved the previously announced separation of its logistics segment through the distribution of all of the outstanding shares of common stock of its wholly owned subsidiary, GXO Logistics, Inc. (“GXO”), to holders of XPO common stock.

Record date for the distribution of GXO shares will be July 23, 2021

“When-Issued” trading expected to begin on or about July 22, 2021

Distribution expected to be completed on August 2, 2021

August 02, 2021: XPO Logistics, Inc. (XPO) announced that it has completed the previously announced spin-off of GXO Logistics, Inc., creating two independent, publicly traded companies. XPO shares will continue to trade on the NYSE under the symbol “XPO” and GXO will begin “regular way” trading on the NYSE under the symbol “GXO.”

Spinoff Completion Details

N-able NABL 12/09/2020 07/20/2021 16.00 12.88 -19.50% 98,400 SolarWinds Corp SWI 8.92 18.68 109.42% 255,101 Spinoff
SolarWinds Corp, spinoff details:

December 9, 2020: SolarWinds Corporation (SWI) announced that it has confidentially submitted with the U.S. Securities and Exchange Commission (SEC) a Form 10 registration statement with respect to the potential spin-off of its managed service provider (MSP) business.

June 25, 2021: SolarWinds Corporation (SWI), announced that its Board of Directors has established July 12, 2021, as the record date and July 19, 2021, as the anticipated distribution date in connection with the previously announced potential spin-off of its MSP business into a standalone, separately-traded public company named N-able, Inc. (“N-able”).

July 20, 2021: SolarWinds Corporation (SWI), and N-able, Inc. (NABL), a leading provider of cloud-based software solutions for managed service providers, announced the completion of the previously announced spin-off of the SolarWinds managed service provider (“MSP”) business into a standalone, separately-traded public company named N-able, Inc. The separation was completed on July 19, 2021..

Spinoff completed

  Spinoff Name Announced Date Parent Symbol
Consensus 04/19/2021 ZD
Ziff Davis, Inc., spinoff details:

April 19, 2021: J2 Global, Inc. (JCOM), a leading internet information and services company, announced its plan to separate the company into two independent publicly traded companies – J2 Global and Consensus – through a spin-off of at least 80.1% of the outstanding shares of Consensus common stock to J2 shareholders.

August 17, 2021: J2 Global, Inc. (JCOM) announced it intends to change its corporate name to Ziff Davis, Inc., upon completion of the planned spin-off of its Consensus business in Q3 2021. Following the spin-off, Ziff Davis is expected to trade under the Nasdaq ticker symbol ZD. The name change reflects the company’s position as a vertically-focused digital media and internet business.

August 18, 2021: Form 10-12B

September 21, 2021: J2 Global, Inc. (JCOM), announced that its Board of Directors approved its previously announced separation into two independent publicly traded companies – J2 Global, Inc., which will be known as Ziff Davis, Inc. after the separation and Consensus Cloud Solutions, Inc. The separation is expected to be completed on October 7, 2021.

October 08, 2021: Ziff Davis, Inc. (formerly known as J2 Global, Inc.) (ZD) announced that it has completed the previously announced separation of its Consensus business into an independent, publicly traded company. The new company, Consensus Cloud Solutions, Inc., (CCSI) is a leading provider of secure information-delivery services.

 

Regal Rexnord Corporation 02/16/2021 ZWS
Zurn Water Solutions, spinoff details:

Regal Beloit Corporation (RBC) and Rexnord Corporation (RXN) announced that they have reached a definitive agreement whereby Rexnord will separate its Process & Motion Control (“PMC”) segment by way of a tax-free spin-off to Rexnord shareholders and then immediately combine it with Regal in a Reverse Morris Trust transaction.

Update(s)

August 19, 2021: Regal Beloit Corporation (RBC) announced that contingent on closing its planned merger with Rexnord Corporation's (RXN) Process & Motion Control segment ("PMC"), Regal's power transmission business, which will be comprised of its current Power Transmission Solutions segment and PMC, will be re-named Motion Control Solutions ("MCS").

September 1, 2021: Regal Beloit Corporation (RBC) announced that at a special meeting of the shareholders held on September 1, 2021, Regal shareholders overwhelmingly approved the issuance of shares of Regal common stock necessary to complete the previously announced combination of Rexnord Corporation's (RXN) Process & Motion Control ("PMC") business with Regal in a Reverse Morris Trust transaction.

September 13, 2021: Regal Beloit Corporation (RBC) and Rexnord Corporation (RXN) announced that they expect to complete the proposed combination of the Process & Motion Control Business of Rexnord with Regal through a Reverse Morris Trust transaction on October 4, 2021, subject to satisfaction or waiver of the applicable closing conditions.

September 17, 2021: Following completion of the transactions, (a) Regal will change its name to "Regal Rexnord Corporation" and its shares of common stock will trade on the NYSE under the ticker symbol "RRX" and (b) Rexnord Corporation will change its name to "Zurn Water Solutions Corporation" and its shares of common stock will trade on the NYSE under the ticker symbol "ZWS".

September 27, 2021: Regal Beloit (RBC) and Rexnord (RXN) announce estimated exchange ratio and the estimated amount of Regal Special Cash Dividend in connection with anticipated completion of combination of Regal and Rexnord's PMC Business.

October 04, 2021: Zurn Water Solutions Corporation (ZWS), formerly known as Rexnord Corporation (RXN), announced that it completed the previously announced spin-off of its Process & Motion Control (“PMC”) business in a Reverse Morris Trust transaction.

Sylvamo Corporation 12/03/2020 IP
International Paper Company, spinoff details:

 

August 09, 2021: Form 10-12B

December 3, 2020:  International Paper (IP) announced a plan to pursue a spin-off of the Company’s Printing Papers segment into a standalone, publicly traded company (“SpinCo”). The transaction will result in two streamlined, leading companies well positioned for long-term success. Upon completion of the transaction, International Paper and SpinCo will each be well positioned to create long-term value. The Company expects to complete the spin-off late in the third quarter of 2021.

August 9, 2021: International Paper (IP) Announces Sylvamo Corporation as the name of its global papers spinoff.

August 23, 2021: Sylvamo common stock is expected to begin trading on a "when-issued" basis on the NYSE under the symbol "SLVM WI" beginning on September 14, 2021.  On October 1, 2021, "regular way" trading under the symbol "SLVM" is expected to begin.

August 27, 2021: International Paper (IP) global papers spinoff, Sylvamo Corporation, will host an Investor Day event Sept. 9, from 10 a.m. until noon EDT.

September 14, 2021: International Paper Company (IP) Board of Directors Declares Spin-Off Distribution of Sylvamo Corporation Common Stock.

September 28, 2021: Sylvamo Corp. (SLVM) will replace Stamps.com Inc. (STMP) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, October 4.

October 1, 2021: International Paper Company (IP) announced the completion of its previously announced separation and spin-off of its global printing papers business, now operating as Sylvamo Corporation (SLVM). Each International Paper shareholder received one share of Sylvamo common stock for every eleven shares of International Paper common stock held on the record date. International Paper continues to own approximately 19.9% of the outstanding shares of Sylvamo common stock.

Jackson Financial Inc. 01/28/2021 PUK
Prudential plc, spinoff details:

The Board of Prudential (PUK) has decided to pursue the separation of its US business, Jackson Financial Inc., from the Group in the second quarter of 2021 through a demerger, whereby shares in Jackson would be distributed to Prudential shareholders. Following the proposed separation, Jackson expects to list on the New York Stock Exchange using the ticker "JXN".

Update(s):

March 22, 2021: Form 10-12B

August 06, 2021: Prudential (PUK) announces that the shareholder circular in relation to the proposed Demerger has been submitted to the Financial Conduct Authority by Prudential. Jackson’s Form 10 registration statement in relation to the proposed Demerger (“Form 10”) has been filed with the U.S. Securities and Exchange Commission.

August 11, 2021: Completion of strategic transformation through the proposed demerger of Jackson, planned to complete in September 2021.

September 13, 2021: Prudential plc (PUK) announces that a board committee of the Prudential Board has approved the Demerger Dividend1. Following the declaration by the Prudential Board of the Demerger Dividend, Prudential has completed the demerger of Jackson. (JXN)

Jackson is now an independent company listed on the New York Stock Exchange (“NYSE”) with a ticker JXN. Jackson’s Class A common stock commenced “when-issued” trading on the NYSE on Wednesday, 1 September 2021 and is expected to commence “regular way” trading on Monday, 20 September 2021.

 

GXO Logistics 12/02/2020 XPO
XPO Logistics, Inc., spinoff details:

December 2, 2020: XPO Logistics (XPO) announced that its board of directors has unanimously approved a plan to pursue a spin-off of 100% of its logistics segment as a separate publicly traded company. XPO intends to structure the spin-off as a transaction that is tax-free to XPO shareholders and would result in XPO shareholders owning stock in both companies.

January 27, 2021: Bradley Jacobs, XPO Logistics CEO, told a webinar audience on Monday that he is open to acquiring new companies once the existing XPO model is split into two parts. The company plans to split into a "pure play" LTL company and a logistics company.

March 18, 2021: XPO Logistics (XPO) has selected GXO Logistics as the name of the stand-alone logistics company that it will spin off from its larger operation later this year.

June 15, 2021: XPO Logistics, Inc. (XPO) Announces Meagan Fitzsimmons as Chief Compliance Officer for GXO Logistics Spin-Off.

July 13, 2021: XPO Logistics, Inc. (XPO) announced that its board of directors approved the previously announced separation of its logistics segment through the distribution of all of the outstanding shares of common stock of its wholly owned subsidiary, GXO Logistics, Inc. (“GXO”), to holders of XPO common stock.

Record date for the distribution of GXO shares will be July 23, 2021

“When-Issued” trading expected to begin on or about July 22, 2021

Distribution expected to be completed on August 2, 2021

August 02, 2021: XPO Logistics, Inc. (XPO) announced that it has completed the previously announced spin-off of GXO Logistics, Inc., creating two independent, publicly traded companies. XPO shares will continue to trade on the NYSE under the symbol “XPO” and GXO will begin “regular way” trading on the NYSE under the symbol “GXO.”

Spinoff Completion Details

N-able 12/09/2020 SWI
SolarWinds Corp, spinoff details:

December 9, 2020: SolarWinds Corporation (SWI) announced that it has confidentially submitted with the U.S. Securities and Exchange Commission (SEC) a Form 10 registration statement with respect to the potential spin-off of its managed service provider (MSP) business.

June 25, 2021: SolarWinds Corporation (SWI), announced that its Board of Directors has established July 12, 2021, as the record date and July 19, 2021, as the anticipated distribution date in connection with the previously announced potential spin-off of its MSP business into a standalone, separately-traded public company named N-able, Inc. (“N-able”).

July 20, 2021: SolarWinds Corporation (SWI), and N-able, Inc. (NABL), a leading provider of cloud-based software solutions for managed service providers, announced the completion of the previously announced spin-off of the SolarWinds managed service provider (“MSP”) business into a standalone, separately-traded public company named N-able, Inc. The separation was completed on July 19, 2021..

Spinoff completed

Premium member can access all Completed Spinoffs. Subscribe today.