Upcoming Spinoffs

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  Spinoff Name Announced Date Potential Spinoff Date Parent Name Parent Symbol Type
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

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.

Transaction details

 

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

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.

Transaction details

United Maritime Corporation 06/17/2022 07/05/2022 Seanergy Maritime Holdings Corp. SHIP Spinoff
Seanergy Maritime Holdings Corp., spinoff details:

Seanergy Maritime Holdings Corp. (SHIP) announced that it intends to effect a spin-off of the Company’s oldest Capesize vessel, the M/V Gloriuship, through a wholly-owned subsidiary. The newly formed subsidiary, United Maritime Corporation, will act as the holding company for the M/V Gloriuship. 

 

Seanergy is contributing the vessel-owning subsidiary of the M/V Gloriuship to United and intends to distribute all the common shares of United pro rata to the Company’s shareholders of record as of June 28, 2022
The distribution of United common shares is expected to be made on or around July 5, 2022. 
United common shares are expected to commence trading on a standalone basis on the Nasdaq Capital Market on the first trading day after the date of distribution, under the ticker “USEA”.

Seanergy is contributing the vessel-owning subsidiary of the M/V Gloriuship to United and intends to distribute all the common shares of United pro rata to the Company’s shareholders of record as of June 28, 2022

The distribution of United common shares is expected to be made on or around July 5, 2022.

 
United common shares are expected to commence trading on a standalone basis on the Nasdaq Capital Market on the first trading day after the date of distribution, under the ticker “USEA”.

 

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.

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

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

 

New Biohaven 05/10/2022 Q1 2023 Pfizer Inc. PFE Spinoff
Pfizer Inc., spinoff details:

 

Pfizer Inc. (PFE) and Biohaven Pharmaceutical Holding Company Ltd. (BHVN) announced that the companies have entered into a definitive agreement under which Pfizer will acquire Biohaven.
Under the terms of the agreement, Pfizer will acquire all outstanding shares of Biohaven not already owned by Pfizer for $148.50 per share in cash. Biohaven common shareholders, including Pfizer, will also receive 0.5 of a share of New Biohaven, a new publicly traded company that will retain Biohaven’s non-CGRP development stage pipeline compounds, per Biohaven common share.
The companies expect the transaction to close by early 2023.

Pfizer Inc. (PFE) and Biohaven Pharmaceutical Holding Company Ltd. (BHVN) announced that the companies have entered into a definitive agreement under which Pfizer will acquire Biohaven.

Under the terms of the agreement, Pfizer will acquire all outstanding shares of Biohaven not already owned by Pfizer for $148.50 per share in cash. Biohaven common shareholders, including Pfizer, will also receive 0.5 of a share of New Biohaven, a new publicly traded company that will retain Biohaven’s non-CGRP development stage pipeline compounds, per Biohaven common share.

The companies expect the transaction to close by early 2023.

 

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.

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.

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.

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.

Freight broker 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.

Adeia 02/23/2022 Q3 2022 Xperi Holding Corporation XPER Spinoff
Xperi Holding Corporation, spinoff details:

Xperi Holdings Corp. (XPER) to separate its intellectual property business from its core technology products operation. 

CEO Jon Kirchner mentioned during his company's Q4 earnings call that it plans to "separate" its IP unit this fall

Update(s):

May 25, 2022: Xperi Holding Corporation (XPERannounced the appointment of Paul E. Davis as Chief Executive Officer of Adeia, the intellectual property (IP) business of Xperi, effective upon completion of its separation as a stand-alone company later this fall.

 

Xperi Holdings Corp. has revealed plans to separate its intellectual property business from its core technology products operation. 

Xperi CEO Jon Kirchner told equity analysts during his company's Q4 earnings call on Wednesday that it plans to "separate" its IP unit this fall. 

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. 

Enhabit Home Health & Hospice 01/19/2022 07/01/2022 Encompass Health Corporation EHC Spinoff
Encompass Health Corporation, spinoff details:

Encompass Health Corporation (EHC), a national leader in integrated healthcare, offering facility-based and home-based patient care and home health and hospice agencies, announced its intention to spin off its home health and hospice business to form an independent, publicly-traded company (the "HH&H Business") and to rebrand the HH&H Business as Enhabit Home Health & Hospice.

The spin-off is expected to be tax-free.

Investor Presentation

Update(s):

February 28, 2022: The Company continues to expect to complete the separation of Enhabit in the first half of 2022 via a spin-off. However, as Encompass Health (EHC) proceeds with the separation process, our Board and management will assess any value-creating strategic opportunities and remain open to value-maximizing alternatives, including a sale or merger of Enhabit.

March 4, 2022: Private equity firms including Advent International and companies including Aveanna Healthcare Holdings Inc (AVAH) have expressed interest in acquiring the home health and hospice business of Encompass Health Corp., people familiar with the matter said.

March 25, 2022: Encompass Health Corp. (EHC) announced it will report results for its first quarter ended March 31, 2022, after the market closes on April 27, 2022. The Company will host an investor conference call at 10 a.m. ET on April 28, 2022, to discuss its results.

April 27, 2022: The Company expects the spin off of its home health and hospice business to form an independent, publicly traded company (the "HH&H Business") to be effectuated on July 1, 2022, subject to customary conditions, including the effectiveness of a Form 10 registration statement, regulatory approvals and receipt of a favorable IRS private letter ruling.

April 27, 2022: Investor Presentation 

 

May 26, 2022: Enhabit Home Health & Hospice, announced it filed a Form 10 registration statement with the Securities and Exchange Commission on May 25, 2022, in connection with its spin-off from Encompass Health Corporation. 
The spin-off is anticipated to occur on July 1, 2022, subject to various conditions. Upon completion of the spin-off, Enhabit will become an independent, publicly traded company.

May 26, 2022: Enhabit Home Health & Hospice, announced it filed a Form 10 registration statement with the Securities and Exchange Commission on May 25, 2022, in connection with its spin-off from Encompass Health Corporation. 

The spin-off is anticipated to occur on July 1, 2022, subject to various conditions. Upon completion of the spin-off, Enhabit will become an independent, publicly traded company.

 

Bluerock Homes Trust, Inc. 12/20/2021 Q2 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.

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.

 

 

Infrastructure business 12/20/2021 H1 2022 Fortress Transportation and Infrastructure Investors LLC FTAI Spinoff
Fortress Transportation and Infrastructure Investors LLC, spinoff details:

Fortress Transportation and Infrastructure Investors LLC (FTAI) 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 infrastructure business.

If FTAI proceeds with the spin-off, it currently would expect to complete the transaction in the first half of 2022.

Form10-12B

Food Safety business 12/14/2021 Q3 2022 3M Co. MMM Reverse Morris Trust
3M Co., spinoff details:

NEOGEN Corporation (NEOG) and 3M (MMM) announced that they have entered into a definitive agreement pursuant to which 3M will separate its Food Safety business and simultaneously combine it with NEOGEN in a transaction that is intended to be tax-efficient to 3M and its shareholders for U.S. federal income tax purposes.

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

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 Q1 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

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.

Cryptyde 11/08/2021 06/29/2022 Vinco Ventures, Inc. BBIG Spinoff
Vinco Ventures, Inc., spinoff details:

Vinco Ventures, Inc. (BBIG) announced the filing of a Form 10 registration statement with the United States Securities and Exchange Commission (“SEC”) in connection with the planned spin-off of its subsidiary Cryptyde, Inc. The spin-off would make Cryptyde a stand-alone, publicly traded Nasdaq listed company under the ticker symbol TYDE.

November 08, 2021: Form 10-12B

Update(s):

November 22, 2021: The Company’s subsidiary, Cryptyde, Inc., filed its preliminary Form 10 registration statement with the SEC in connection with the planned spin-off of Cryptyde, which currently owns, directly or indirectly, 100% of EVNT Platform, LLC, CW Machines, LLC and Ferguson Containers, Inc. The distribution date is expected to occur in early 2022.

January 27, 2022: Cryptyde currently a wholly owned subsidiary of Vinco Ventures, Inc (BBIG), which is expected to trade, if approved by Nasdaq, under the symbol TYDE, announced it has entered into definitive agreements for a debt and common equity raise of $42 million.

May 5, 2022: Vinco Ventures, Inc. (BBIG), announced that May 18, 2022 has been set as the record date for the dividend of shares of common stock of Cryptyde, Inc. to be distributed to Vinco stockholders in order to effect the separation of Vinco and Cryptyde into two independent, publicly traded companies.

The share dividend is expected to be distributed to Vinco stockholders on or about May 27, 2022. 

May 25, 2022: Vinco Ventures, Inc. (BBIG), announced that, due to contractual and regulatory conditions, the Company’s Board of Directors has decided to delay the distribution date for the previously announced spin-off of Cryptyde, Inc.

June 23, 2022: Vinco Ventures, Inc. (BBIG), announced that the Company’s Board of Directors has set June 29, 2022 as the distribution date for the dividend of shares of its common stock of Cryptyde, Inc. to be distributed, subject to certain conditions, to Vinco stockholders in order to effect the previously disclosed separation of Vinco and Cryptyde into two independent, publicly traded companies. 

On the Distribution Date, Vinco stockholders entitled to receive the Distribution will receive one share of Cryptyde common stock for every ten shares of Vinco common stock held.

 

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.

Sitios Latinoamérica 02/09/2021 Q3 2022 América Móvil AMX Spinoff
América Móvil, spinoff details:

February 9, 2021: América Móvil (AMX) announced that its Board of Directors approved a plan to spin-off from América Móvil the telecommunications towers and other related passive infrastructure in Latin American countries where it currently operates.

Update(s):

September 29, 2021: Shareholders approved a plan of America Movil (AMX), controlled by the family of billionaire Carlos Slim, to spin off its towers business in Latin America, Mexico's biggest telecoms company said.

April 28, 2022: Carlos Garcia Moreno – Chief Financial Officer during América Móvil (AMX) Q1 earnings mentioned that Sitios Latinoamerica upon its spinoff from América Móvil expected to take place in the third quarter.

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.

Haleon 02/05/2020 07/31/2022 GlaxoSmithKline plc GSK Splitoff
GlaxoSmithKline plc, spinoff details:

February 5, 2020: GlaxoSmithKline (GSK) announced a new programme initiated to prepare for separation of GSK into two companies: New GSK, a biopharma company with an R&D approach focused on science related to the immune system, use of genetics and new technologies; and a new leader in Consumer Healthcare. The company announced that it is planning to split into two companies in two years.

Update(s):

June 23, 2021: GSK (GSK) set out plans to turn its consumer healthcare arm into a separately listed company.

June 25, 2021: GlaxoSmithKline Plc (GSKhas hired two banks Goldman Sachs Group and Citigroup to help advise it on listing its consumer unit next year.

July 22, 2021: British drugmaker GSK (GSK) said its consumer healthcare head, Brian McNamara, will take over as the chief executive officer of the unit once it is spun off into a new company next year.

January 15, 2022: GlaxoSmithKline (GSK) plc confirms that it has received three unsolicited, conditional, and non-binding proposals from Unilever plc (UL) to acquire the GSK Consumer Healthcare business. GSK rejected all three proposals made on the basis that they fundamentally undervalued the Consumer Healthcare business and its future prospects.

January 16, 2022: Unilever Plc (UL) has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline Plc's (GSK) consumer products division.

January 18, 2022: Unilever Plc (UL) abandoned its 50 billion-pound ($68 billion) pursuit of a business, after GlaxoSmithKline (GSK) rejected its approaches.

February 22, 2022: GlaxoSmithKline (GSK) said its consumer healthcare venture with Pfizer will be named Haleon, as the British drugmaker confirmed the business will be spun off in mid-2022 as planned after having rejected overtures from Unilever (UL).

February 28, 2022: GSK announces that the proposed listing of Haleon is expected in July 2022. A shareholder vote for approval and subsequent demerger is expected in July 2022. 

March 15, 2022: GlaxoSmithKline plc (GSKannounced the appointment of six directors to the designate Board of Haleon, the new independent company to be formed following the demerger of the GSK Consumer Healthcare business, expected in July 2022.  

June 1, 2022: Pfizer will sell down its stake in Haleon, its consumer health joint venture with GlaxoSmithKline (GSK), after a London listing planned for July 18.

Press Release

Investor Presentation

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
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

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.

Transaction details

 

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

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.

Transaction details

United Maritime Corporation 06/17/2022 SHIP
Seanergy Maritime Holdings Corp., spinoff details:

Seanergy Maritime Holdings Corp. (SHIP) announced that it intends to effect a spin-off of the Company’s oldest Capesize vessel, the M/V Gloriuship, through a wholly-owned subsidiary. The newly formed subsidiary, United Maritime Corporation, will act as the holding company for the M/V Gloriuship. 

 

Seanergy is contributing the vessel-owning subsidiary of the M/V Gloriuship to United and intends to distribute all the common shares of United pro rata to the Company’s shareholders of record as of June 28, 2022
The distribution of United common shares is expected to be made on or around July 5, 2022. 
United common shares are expected to commence trading on a standalone basis on the Nasdaq Capital Market on the first trading day after the date of distribution, under the ticker “USEA”.

Seanergy is contributing the vessel-owning subsidiary of the M/V Gloriuship to United and intends to distribute all the common shares of United pro rata to the Company’s shareholders of record as of June 28, 2022

The distribution of United common shares is expected to be made on or around July 5, 2022.

 
United common shares are expected to commence trading on a standalone basis on the Nasdaq Capital Market on the first trading day after the date of distribution, under the ticker “USEA”.

 

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.

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

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

 

New Biohaven 05/10/2022 PFE
Pfizer Inc., spinoff details:

 

Pfizer Inc. (PFE) and Biohaven Pharmaceutical Holding Company Ltd. (BHVN) announced that the companies have entered into a definitive agreement under which Pfizer will acquire Biohaven.
Under the terms of the agreement, Pfizer will acquire all outstanding shares of Biohaven not already owned by Pfizer for $148.50 per share in cash. Biohaven common shareholders, including Pfizer, will also receive 0.5 of a share of New Biohaven, a new publicly traded company that will retain Biohaven’s non-CGRP development stage pipeline compounds, per Biohaven common share.
The companies expect the transaction to close by early 2023.

Pfizer Inc. (PFE) and Biohaven Pharmaceutical Holding Company Ltd. (BHVN) announced that the companies have entered into a definitive agreement under which Pfizer will acquire Biohaven.

Under the terms of the agreement, Pfizer will acquire all outstanding shares of Biohaven not already owned by Pfizer for $148.50 per share in cash. Biohaven common shareholders, including Pfizer, will also receive 0.5 of a share of New Biohaven, a new publicly traded company that will retain Biohaven’s non-CGRP development stage pipeline compounds, per Biohaven common share.

The companies expect the transaction to close by early 2023.

 

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.

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.

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.

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.

Freight broker 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.

Adeia 02/23/2022 XPER
Xperi Holding Corporation, spinoff details:

Xperi Holdings Corp. (XPER) to separate its intellectual property business from its core technology products operation. 

CEO Jon Kirchner mentioned during his company's Q4 earnings call that it plans to "separate" its IP unit this fall

Update(s):

May 25, 2022: Xperi Holding Corporation (XPERannounced the appointment of Paul E. Davis as Chief Executive Officer of Adeia, the intellectual property (IP) business of Xperi, effective upon completion of its separation as a stand-alone company later this fall.

 

Xperi Holdings Corp. has revealed plans to separate its intellectual property business from its core technology products operation. 

Xperi CEO Jon Kirchner told equity analysts during his company's Q4 earnings call on Wednesday that it plans to "separate" its IP unit this fall. 

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. 

Enhabit Home Health & Hospice 01/19/2022 EHC
Encompass Health Corporation, spinoff details:

Encompass Health Corporation (EHC), a national leader in integrated healthcare, offering facility-based and home-based patient care and home health and hospice agencies, announced its intention to spin off its home health and hospice business to form an independent, publicly-traded company (the "HH&H Business") and to rebrand the HH&H Business as Enhabit Home Health & Hospice.

The spin-off is expected to be tax-free.

Investor Presentation

Update(s):

February 28, 2022: The Company continues to expect to complete the separation of Enhabit in the first half of 2022 via a spin-off. However, as Encompass Health (EHC) proceeds with the separation process, our Board and management will assess any value-creating strategic opportunities and remain open to value-maximizing alternatives, including a sale or merger of Enhabit.

March 4, 2022: Private equity firms including Advent International and companies including Aveanna Healthcare Holdings Inc (AVAH) have expressed interest in acquiring the home health and hospice business of Encompass Health Corp., people familiar with the matter said.

March 25, 2022: Encompass Health Corp. (EHC) announced it will report results for its first quarter ended March 31, 2022, after the market closes on April 27, 2022. The Company will host an investor conference call at 10 a.m. ET on April 28, 2022, to discuss its results.

April 27, 2022: The Company expects the spin off of its home health and hospice business to form an independent, publicly traded company (the "HH&H Business") to be effectuated on July 1, 2022, subject to customary conditions, including the effectiveness of a Form 10 registration statement, regulatory approvals and receipt of a favorable IRS private letter ruling.

April 27, 2022: Investor Presentation 

 

May 26, 2022: Enhabit Home Health & Hospice, announced it filed a Form 10 registration statement with the Securities and Exchange Commission on May 25, 2022, in connection with its spin-off from Encompass Health Corporation. 
The spin-off is anticipated to occur on July 1, 2022, subject to various conditions. Upon completion of the spin-off, Enhabit will become an independent, publicly traded company.

May 26, 2022: Enhabit Home Health & Hospice, announced it filed a Form 10 registration statement with the Securities and Exchange Commission on May 25, 2022, in connection with its spin-off from Encompass Health Corporation. 

The spin-off is anticipated to occur on July 1, 2022, subject to various conditions. Upon completion of the spin-off, Enhabit will become an independent, publicly traded company.

 

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.

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.

 

 

Infrastructure business 12/20/2021 FTAI
Fortress Transportation and Infrastructure Investors LLC, spinoff details:

Fortress Transportation and Infrastructure Investors LLC (FTAI) 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 infrastructure business.

If FTAI proceeds with the spin-off, it currently would expect to complete the transaction in the first half of 2022.

Form10-12B

Food Safety business 12/14/2021 MMM
3M Co., spinoff details:

NEOGEN Corporation (NEOG) and 3M (MMM) announced that they have entered into a definitive agreement pursuant to which 3M will separate its Food Safety business and simultaneously combine it with NEOGEN in a transaction that is intended to be tax-efficient to 3M and its shareholders for U.S. federal income tax purposes.

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

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

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.

Cryptyde 11/08/2021 BBIG
Vinco Ventures, Inc., spinoff details:

Vinco Ventures, Inc. (BBIG) announced the filing of a Form 10 registration statement with the United States Securities and Exchange Commission (“SEC”) in connection with the planned spin-off of its subsidiary Cryptyde, Inc. The spin-off would make Cryptyde a stand-alone, publicly traded Nasdaq listed company under the ticker symbol TYDE.

November 08, 2021: Form 10-12B

Update(s):

November 22, 2021: The Company’s subsidiary, Cryptyde, Inc., filed its preliminary Form 10 registration statement with the SEC in connection with the planned spin-off of Cryptyde, which currently owns, directly or indirectly, 100% of EVNT Platform, LLC, CW Machines, LLC and Ferguson Containers, Inc. The distribution date is expected to occur in early 2022.

January 27, 2022: Cryptyde currently a wholly owned subsidiary of Vinco Ventures, Inc (BBIG), which is expected to trade, if approved by Nasdaq, under the symbol TYDE, announced it has entered into definitive agreements for a debt and common equity raise of $42 million.

May 5, 2022: Vinco Ventures, Inc. (BBIG), announced that May 18, 2022 has been set as the record date for the dividend of shares of common stock of Cryptyde, Inc. to be distributed to Vinco stockholders in order to effect the separation of Vinco and Cryptyde into two independent, publicly traded companies.

The share dividend is expected to be distributed to Vinco stockholders on or about May 27, 2022. 

May 25, 2022: Vinco Ventures, Inc. (BBIG), announced that, due to contractual and regulatory conditions, the Company’s Board of Directors has decided to delay the distribution date for the previously announced spin-off of Cryptyde, Inc.

June 23, 2022: Vinco Ventures, Inc. (BBIG), announced that the Company’s Board of Directors has set June 29, 2022 as the distribution date for the dividend of shares of its common stock of Cryptyde, Inc. to be distributed, subject to certain conditions, to Vinco stockholders in order to effect the previously disclosed separation of Vinco and Cryptyde into two independent, publicly traded companies. 

On the Distribution Date, Vinco stockholders entitled to receive the Distribution will receive one share of Cryptyde common stock for every ten shares of Vinco common stock held.

 

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.

Sitios Latinoamérica 02/09/2021 AMX
América Móvil, spinoff details:

February 9, 2021: América Móvil (AMX) announced that its Board of Directors approved a plan to spin-off from América Móvil the telecommunications towers and other related passive infrastructure in Latin American countries where it currently operates.

Update(s):

September 29, 2021: Shareholders approved a plan of America Movil (AMX), controlled by the family of billionaire Carlos Slim, to spin off its towers business in Latin America, Mexico's biggest telecoms company said.

April 28, 2022: Carlos Garcia Moreno – Chief Financial Officer during América Móvil (AMX) Q1 earnings mentioned that Sitios Latinoamerica upon its spinoff from América Móvil expected to take place in the third quarter.

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.

Haleon 02/05/2020 GSK
GlaxoSmithKline plc, spinoff details:

February 5, 2020: GlaxoSmithKline (GSK) announced a new programme initiated to prepare for separation of GSK into two companies: New GSK, a biopharma company with an R&D approach focused on science related to the immune system, use of genetics and new technologies; and a new leader in Consumer Healthcare. The company announced that it is planning to split into two companies in two years.

Update(s):

June 23, 2021: GSK (GSK) set out plans to turn its consumer healthcare arm into a separately listed company.

June 25, 2021: GlaxoSmithKline Plc (GSKhas hired two banks Goldman Sachs Group and Citigroup to help advise it on listing its consumer unit next year.

July 22, 2021: British drugmaker GSK (GSK) said its consumer healthcare head, Brian McNamara, will take over as the chief executive officer of the unit once it is spun off into a new company next year.

January 15, 2022: GlaxoSmithKline (GSK) plc confirms that it has received three unsolicited, conditional, and non-binding proposals from Unilever plc (UL) to acquire the GSK Consumer Healthcare business. GSK rejected all three proposals made on the basis that they fundamentally undervalued the Consumer Healthcare business and its future prospects.

January 16, 2022: Unilever Plc (UL) has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline Plc's (GSK) consumer products division.

January 18, 2022: Unilever Plc (UL) abandoned its 50 billion-pound ($68 billion) pursuit of a business, after GlaxoSmithKline (GSK) rejected its approaches.

February 22, 2022: GlaxoSmithKline (GSK) said its consumer healthcare venture with Pfizer will be named Haleon, as the British drugmaker confirmed the business will be spun off in mid-2022 as planned after having rejected overtures from Unilever (UL).

February 28, 2022: GSK announces that the proposed listing of Haleon is expected in July 2022. A shareholder vote for approval and subsequent demerger is expected in July 2022. 

March 15, 2022: GlaxoSmithKline plc (GSKannounced the appointment of six directors to the designate Board of Haleon, the new independent company to be formed following the demerger of the GSK Consumer Healthcare business, expected in July 2022.  

June 1, 2022: Pfizer will sell down its stake in Haleon, its consumer health joint venture with GlaxoSmithKline (GSK), after a London listing planned for July 18.

Press Release

Investor Presentation

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.