Upcoming Spinoffs

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  Spinoff Name Announced Date Potential Spinoff Date Parent Name Parent Symbol Type
SKT Investment 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.

Cambridge Quantum Computing 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.

WarnerMedia 05/17/2021 Q2 2022 AT&T Inc. T Reverse Morris Trust
AT&T Inc., spinoff details:

May 17, 2021: AT&T Inc. (T) and Discovery, Inc. (DISCA, DISCB, DISCK) announced a definitive agreement to combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company.

Spinco 05/14/2021 Q4 2021 Alliance Data Systems Corporation ADS Spinoff
Alliance Data Systems Corporation, spinoff details:

May 14, 2021: Alliance Data Systems Corporation (ADS) plans to spin off one of its business segments, LoyaltyOne

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.”

NewCo 05/06/2021 Q2 2022 Becton, Dickinson and Company BDX Spinoff
Becton, Dickinson and Company, spinoff details:

May 06, 2021: BD (Becton, Dickinson and Company) (BDX), a leading global medical technology company, announced its board of directors has unanimously authorized management to proceed with a plan to spin off the company's Diabetes Care business as an independent, publicly-traded company ("NewCo").

NewCo 05/05/2021 Q2 2022 The ODP Corporation ODP Splitoff
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.

Eye Health Business 05/04/2021 Q3 2021 Bausch Health Companies Inc. BHC Spinoff
Bausch Health Companies Inc. , spinoff details:

Bausch Health Companies Inc. (BHC) is preparing to spin off its eyecare business this fall while also considering suitable alternatives including a sale of the business, the company's CEO said.

Enact Holdings, Inc. 05/04/2021 N/A Genworth Financial, Inc. GNW Spinoff
Genworth Financial, Inc., spinoff details:

Genworth Mortgage Holdings, Inc.  announced that it has commenced an initial public offering of 22,576,140 shares of common stock. All of the shares are being offered by the selling stockholder, Genworth Holdings, Inc., a wholly owned subsidiary of Genworth Financial, Inc. (GNW), and net proceeds from the offering will go to GHI. In connection with the commencement of the initial public offering, GMHI has announced that it will rebrand, changing its name to Enact Holdings, Inc. (ACT).

SpinCo 04/29/2021 Q4 2021 Realty Income Corporation O Carve Out
Realty Income Corporation, spinoff details:

April 29, 2021: Realty Income Corporation (O) and VEREIT (VER) announced that the two companies have entered into a definitive merger agreement by which Realty Income will acquire VEREIT in an all-stock transaction. Immediately following the closing, the companies expect to effectuate a taxable spin-off of substantially all of the office properties of both companies into a new, self-managed, publicly-traded REIT (“SpinCo”). Following the merger and the spin-off, Realty Income will continue as the surviving public entity.

J2 Global and Consensus 04/19/2021 Q3 2021 J2 Global, Inc. JCOM Spinoff
J2 Global, Inc., spinoff details:

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

VMware 04/14/2021 Q4 2021 Dell Technologies Inc. DELL Spinoff
Dell Technologies Inc., spinoff details:

April 14, 2021: Dell Technologies (DELL) announces the planned spin-off of its 81% equity ownership interest in VMware (VMW). The transaction will result in two standalone companies positioned for growth in the data era. The transaction is expected to close during the fourth quarter of calendar 2021

Home Networks 04/08/2021 Q1 2022 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.

Lennar Mortgage Finance 03/17/2021 N/A 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.

ESAB 03/04/2021 Q1 2022 Colfax Corporation CFX Splitoff
Colfax Corporation , spinoff details:

March 4, 2021: Colfax Corporation (CFX), a leading diversified technology company, today announced its intention to separate its fabrication technology and specialty medical technology businesses into two differentiated, independent, and publicly-traded companies. The separation is intended to be structured in a tax-free manner and is targeted to be completed in the first quarter of 2022.

DIRECTV 02/25/2021 N/A AT&T Inc. T Spinoff
AT&T Inc., spinoff details:

February 25, 2021: AT&T Inc. (T) and TPG Capital, the private equity platform of global alternative asset firm TPG, announced that they have signed a definitive agreement under which the two parties will establish a new company named DIRECTV that will own and operate AT&T’s U.S. video business unit consisting of the DIRECTV, AT&T TV and U-verse video services.

Update(s) :

March 08, 2021: AT&T (T) will receive about $7.8 billion up front after the transaction closes later this year. After that, the company starts sharing the DirecTV, AT&T TV and U-verse video business on a 70-30 basis with TPG.

Exelon Generation 02/24/2021 Q1 2022 Exelon Corp. EXC Splitoff
Exelon Corp., spinoff details:

February 24, 2021: Exelon Corp. (EXC) announced that its Board of Directors has approved a plan to separate Exelon Utilities (RemainCo), comprised of the company’s six regulated electric and gas utilities, and Exelon Generation (SpinCo), its competitive power generation and customer-facing energy businesses into two publicly traded companies with the resources necessary to best serve customers and sustain long-term investment and operating excellence. The separation gives each company the financial and strategic independence to focus on its specific customer needs, while executing its core business strategy.

Lucid Diagnostics 02/22/2021 Q1 2022 PAVmed Inc. PAVM Spinoff
PAVmed Inc. , spinoff details:

February 22, 2021: The Company announced that its majority-owned subsidiary Lucid Diagnostics intends to spin off into a separate public company if favorable market conditions continue to hold, either through an initial public offering (“IPO”) or a business combination with a healthcare special purpose acquisition corporation (“SPAC”). The Lucid board of directors determined that this long-contemplated step is necessary for Lucid to fulfill its long-term potential, unlock its present value, and execute on a major new commercial initiative. The Company believes that a Lucid spin-off that accomplishes the foregoing would also be in the best interests of PAVmed and its shareholders. PAVmed (PAVM) will remain Lucid’s largest shareholder following any spin-off transaction.

Spin of Latin American towers and infrastructure 02/09/2021 Q4 2021 América Móvi AMX Spinoff
América Móvi, 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.

NewCo 02/05/2021 Q2 2022 Zimmer Biomet Holdings, Inc. ZBH Spinoff
Zimmer Biomet Holdings, Inc., spinoff details:

February 05, 2021: Zimmer Biomet Holdings, Inc. (ZBH), a global leader in musculoskeletal healthcare, today announced its intention to spin off the Company's Spine and Dental businesses to form a new and independent, publicly traded company ("NewCo").  The planned transaction will enhance the focus of both Zimmer Biomet and NewCo to meet the needs of patients and customers and is expected to achieve faster growth and deliver greater value for all stakeholders.

Jackson Financial Inc. 01/28/2021 Q2 2021 Prudential plc PUK Spinoff
Prudential plc, spinoff details:

January 28, 2021: The Board of Prudential (PUK) has decided to pursue the separation of its US business, Jackson Financial Inc., from the Group in the second quarter of 2021 through a demerger, whereby shares in Jackson would be distributed to Prudential shareholders. Following the proposed separation, Jackson expects to list on the New York Stock Exchange using the ticker "JXN".

Phoenix Motorcars 01/27/2021 N/A SPI Energy Co., Ltd. SPI Carve Out
SPI Energy Co., Ltd., spinoff details:

January 27, 2021: SPI Energy Co., Ltd., (SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, today announced its Board of Directors approved the Company's plan to spin off Phoenix Motorcars, a wholly owned subsidiary of the Company's EdisonFuture subsidiary, through an initial public offering.

Oncology Newco 01/11/2021 Q4 2021 bluebird bio, Inc. BLUE Splitoff
bluebird bio, Inc., spinoff details:

January 11, 2021: bluebird bio (BLUE) announced its intent to separate its severe genetic disease and oncology businesses into differentiated and independent publicly traded companies. bluebird bio will retain focus on severe genetic disease (SGD) and will launch its oncology business as a new entity. bluebird bio’s Board of Directors approved the intent to separate into two companies and it is anticipated that the spin out of Oncology Newco is to be tax-free to shareholders, subject to receipt of a favorable Internal Revenue Service (IRS) ruling. Expected executive team, employee and BOD transitions will be effective as of the closing of the separation anticipated to be in the Q4 2021 timeframe.

N-able 12/09/2020 H1 2021 SolarWinds Corp SWI Spinoff
SolarWinds Corp, spinoff details:

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

 

SpinCo 12/03/2020 Q3 2021 International Paper Company IP Carve Out
International Paper Company, spinoff details:

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

GXO Logistics 12/02/2020 Q4 2021 XPO Logistics, Inc. XPO Carve Out
XPO Logistics, Inc., spinoff details:

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

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

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

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

Brookfield Asset Management Reinsurance Partners 11/12/2020 Q2 2021 Brookfield Asset Management BAM Spinoff
Brookfield Asset Management, spinoff details:

November 12, 2020: Brookfield Asset Management (BAM) announced that it intends to distribute, in the first half of 2021, a special dividend in the form of a newly created “paired” entity, Brookfield Asset Management Reinsurance Partners (“BAM Reinsurance”). BAM Reinsurance also intends to apply to list its class A shares in the United States on the NYSE and in Canada on the TSX. Subject to the receipt of all regulatory approvals, Brookfield anticipates completing the special distribution in the first half of 2021.

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.

DTE Midstream business 10/27/2020 Q2 2021 DTE Energy Company DTE Spinoff
DTE Energy Company, spinoff details:

October 27, 2020: DTE Energy (DTE) announced that the Company’s Board of Directors has unanimously authorized management to pursue a plan to spin-off the DTE Midstream business from DTE Energy.

Life & Retirement business 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.

NewCo 10/08/2020 Q4 2021 International Business Machines Corporation IBM Carve Out
International Business Machines Corporation, spinoff details:

October 8, 2020: IBM (IBM) announced that it will accelerate its hybrid cloud growth strategy to drive digital transformations for its clients. Additionally, IBM will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company (“NewCo”). This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value. The separation is expected to be achieved as a tax-free spin-off to IBM shareholders, and completed by the end of 2021.

January 07, 2021: Martin Schroeter, a former chief financial officer and senior sales executive at IBM(IBM), will be the chief executive officer of “NewCo,” the looming spinoff from Big Blue that will focus on business infrastructure services.

Vontier Corporation 09/01/2020 10/09/2020 Fortive Corporation FTV Splitoff
Fortive Corporation, spinoff details:

September 1, 2020: Fortive Corporation (FTV) announced its intention to separate Vontier Corporation through a spin-off of 80.1% of the outstanding shares of Vontier common stock to Fortive shareholders. When completed, the transaction will result in two independent, publicly traded companies:

  • Fortive, an industrial growth company providing essential products, software, and services in field solutions, product realization, sensing and health.
  • Vontier, a global industrial technology company delivering market-leading solutions and data-driven insights to advance efficiency, safety, security, and environmental compliance for its customers in mobility infrastructure end-markets.
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.”

Bausch + Lomb 08/06/2020 N/A Bausch Health Companies Inc. BHC Splitoff
Bausch Health Companies Inc., spinoff details:

August 8, 2020: Bausch Health Companies (BHC) announced that it intends to spin off its leading eye health business into an independent publicly traded entity (“Bausch + Lomb - NewCo”) from the remainder of Bausch Health (“BHC”). The spinoff will establish two separate companies that include:
•A fully integrated, pure play eye-health company built on the iconic Bausch + Lomb brand and long history of innovation; and
•A diversified pharmaceutical company with leading positions in gastroenterology, aesthetics/dermatology, neurology and international pharmaceuticals.

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.

new active pharmaceutical ingredients (API) company 02/24/2020 Q22022 Sanofi SNY Carve Out
Sanofi, spinoff details:

February 24, 2020: Sanofi (SNY) plans to create a major leading European company dedicated to the production and marketing to third parties of active pharmaceutical ingredients (API), which are the essential molecules responsible for the beneficial effects used in the composition of any drug. The project consists of creating a standalone company which would combine Sanofi’s API commercial and development activities with six of its European API production sites : Brindisi (Italy), Frankfurt Chemistry (Germany), Haverhill (UK), St Aubin les Elbeuf (France), Újpest (Hungary) and Vertolaye (France).

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.

Consumer Healthcare 02/05/2020 Q1 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.

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.

 

 

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.

DRiV Incorporated 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.

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.

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
SKT Investment 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.

Cambridge Quantum Computing 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.

WarnerMedia 05/17/2021 T
AT&T Inc., spinoff details:

May 17, 2021: AT&T Inc. (T) and Discovery, Inc. (DISCA, DISCB, DISCK) announced a definitive agreement to combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company.

Spinco 05/14/2021 ADS
Alliance Data Systems Corporation, spinoff details:

May 14, 2021: Alliance Data Systems Corporation (ADS) plans to spin off one of its business segments, LoyaltyOne

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.”

NewCo 05/06/2021 BDX
Becton, Dickinson and Company, spinoff details:

May 06, 2021: BD (Becton, Dickinson and Company) (BDX), a leading global medical technology company, announced its board of directors has unanimously authorized management to proceed with a plan to spin off the company's Diabetes Care business as an independent, publicly-traded company ("NewCo").

NewCo 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.

Eye Health Business 05/04/2021 BHC
Bausch Health Companies Inc. , spinoff details:

Bausch Health Companies Inc. (BHC) is preparing to spin off its eyecare business this fall while also considering suitable alternatives including a sale of the business, the company's CEO said.

Enact Holdings, Inc. 05/04/2021 GNW
Genworth Financial, Inc., spinoff details:

Genworth Mortgage Holdings, Inc.  announced that it has commenced an initial public offering of 22,576,140 shares of common stock. All of the shares are being offered by the selling stockholder, Genworth Holdings, Inc., a wholly owned subsidiary of Genworth Financial, Inc. (GNW), and net proceeds from the offering will go to GHI. In connection with the commencement of the initial public offering, GMHI has announced that it will rebrand, changing its name to Enact Holdings, Inc. (ACT).

SpinCo 04/29/2021 O
Realty Income Corporation, spinoff details:

April 29, 2021: Realty Income Corporation (O) and VEREIT (VER) announced that the two companies have entered into a definitive merger agreement by which Realty Income will acquire VEREIT in an all-stock transaction. Immediately following the closing, the companies expect to effectuate a taxable spin-off of substantially all of the office properties of both companies into a new, self-managed, publicly-traded REIT (“SpinCo”). Following the merger and the spin-off, Realty Income will continue as the surviving public entity.

J2 Global and Consensus 04/19/2021 JCOM
J2 Global, Inc., spinoff details:

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

VMware 04/14/2021 DELL
Dell Technologies Inc., spinoff details:

April 14, 2021: Dell Technologies (DELL) announces the planned spin-off of its 81% equity ownership interest in VMware (VMW). The transaction will result in two standalone companies positioned for growth in the data era. The transaction is expected to close during the fourth quarter of calendar 2021

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.

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.

ESAB 03/04/2021 CFX
Colfax Corporation , spinoff details:

March 4, 2021: Colfax Corporation (CFX), a leading diversified technology company, today announced its intention to separate its fabrication technology and specialty medical technology businesses into two differentiated, independent, and publicly-traded companies. The separation is intended to be structured in a tax-free manner and is targeted to be completed in the first quarter of 2022.

DIRECTV 02/25/2021 T
AT&T Inc., spinoff details:

February 25, 2021: AT&T Inc. (T) and TPG Capital, the private equity platform of global alternative asset firm TPG, announced that they have signed a definitive agreement under which the two parties will establish a new company named DIRECTV that will own and operate AT&T’s U.S. video business unit consisting of the DIRECTV, AT&T TV and U-verse video services.

Update(s) :

March 08, 2021: AT&T (T) will receive about $7.8 billion up front after the transaction closes later this year. After that, the company starts sharing the DirecTV, AT&T TV and U-verse video business on a 70-30 basis with TPG.

Exelon Generation 02/24/2021 EXC
Exelon Corp., spinoff details:

February 24, 2021: Exelon Corp. (EXC) announced that its Board of Directors has approved a plan to separate Exelon Utilities (RemainCo), comprised of the company’s six regulated electric and gas utilities, and Exelon Generation (SpinCo), its competitive power generation and customer-facing energy businesses into two publicly traded companies with the resources necessary to best serve customers and sustain long-term investment and operating excellence. The separation gives each company the financial and strategic independence to focus on its specific customer needs, while executing its core business strategy.

Lucid Diagnostics 02/22/2021 PAVM
PAVmed Inc. , spinoff details:

February 22, 2021: The Company announced that its majority-owned subsidiary Lucid Diagnostics intends to spin off into a separate public company if favorable market conditions continue to hold, either through an initial public offering (“IPO”) or a business combination with a healthcare special purpose acquisition corporation (“SPAC”). The Lucid board of directors determined that this long-contemplated step is necessary for Lucid to fulfill its long-term potential, unlock its present value, and execute on a major new commercial initiative. The Company believes that a Lucid spin-off that accomplishes the foregoing would also be in the best interests of PAVmed and its shareholders. PAVmed (PAVM) will remain Lucid’s largest shareholder following any spin-off transaction.

Spin of Latin American towers and infrastructure 02/09/2021 AMX
América Móvi, 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.

NewCo 02/05/2021 ZBH
Zimmer Biomet Holdings, Inc., spinoff details:

February 05, 2021: Zimmer Biomet Holdings, Inc. (ZBH), a global leader in musculoskeletal healthcare, today announced its intention to spin off the Company's Spine and Dental businesses to form a new and independent, publicly traded company ("NewCo").  The planned transaction will enhance the focus of both Zimmer Biomet and NewCo to meet the needs of patients and customers and is expected to achieve faster growth and deliver greater value for all stakeholders.

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

January 28, 2021: The Board of Prudential (PUK) has decided to pursue the separation of its US business, Jackson Financial Inc., from the Group in the second quarter of 2021 through a demerger, whereby shares in Jackson would be distributed to Prudential shareholders. Following the proposed separation, Jackson expects to list on the New York Stock Exchange using the ticker "JXN".

Phoenix Motorcars 01/27/2021 SPI
SPI Energy Co., Ltd., spinoff details:

January 27, 2021: SPI Energy Co., Ltd., (SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, today announced its Board of Directors approved the Company's plan to spin off Phoenix Motorcars, a wholly owned subsidiary of the Company's EdisonFuture subsidiary, through an initial public offering.

Oncology Newco 01/11/2021 BLUE
bluebird bio, Inc., spinoff details:

January 11, 2021: bluebird bio (BLUE) announced its intent to separate its severe genetic disease and oncology businesses into differentiated and independent publicly traded companies. bluebird bio will retain focus on severe genetic disease (SGD) and will launch its oncology business as a new entity. bluebird bio’s Board of Directors approved the intent to separate into two companies and it is anticipated that the spin out of Oncology Newco is to be tax-free to shareholders, subject to receipt of a favorable Internal Revenue Service (IRS) ruling. Expected executive team, employee and BOD transitions will be effective as of the closing of the separation anticipated to be in the Q4 2021 timeframe.

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

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

 

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

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

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

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

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

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

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

Brookfield Asset Management Reinsurance Partners 11/12/2020 BAM
Brookfield Asset Management, spinoff details:

November 12, 2020: Brookfield Asset Management (BAM) announced that it intends to distribute, in the first half of 2021, a special dividend in the form of a newly created “paired” entity, Brookfield Asset Management Reinsurance Partners (“BAM Reinsurance”). BAM Reinsurance also intends to apply to list its class A shares in the United States on the NYSE and in Canada on the TSX. Subject to the receipt of all regulatory approvals, Brookfield anticipates completing the special distribution in the first half of 2021.

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.

DTE Midstream business 10/27/2020 DTE
DTE Energy Company, spinoff details:

October 27, 2020: DTE Energy (DTE) announced that the Company’s Board of Directors has unanimously authorized management to pursue a plan to spin-off the DTE Midstream business from DTE Energy.

Life & Retirement business 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.

NewCo 10/08/2020 IBM
International Business Machines Corporation, spinoff details:

October 8, 2020: IBM (IBM) announced that it will accelerate its hybrid cloud growth strategy to drive digital transformations for its clients. Additionally, IBM will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company (“NewCo”). This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value. The separation is expected to be achieved as a tax-free spin-off to IBM shareholders, and completed by the end of 2021.

January 07, 2021: Martin Schroeter, a former chief financial officer and senior sales executive at IBM(IBM), will be the chief executive officer of “NewCo,” the looming spinoff from Big Blue that will focus on business infrastructure services.

Vontier Corporation 09/01/2020 FTV
Fortive Corporation, spinoff details:

September 1, 2020: Fortive Corporation (FTV) announced its intention to separate Vontier Corporation through a spin-off of 80.1% of the outstanding shares of Vontier common stock to Fortive shareholders. When completed, the transaction will result in two independent, publicly traded companies:

  • Fortive, an industrial growth company providing essential products, software, and services in field solutions, product realization, sensing and health.
  • Vontier, a global industrial technology company delivering market-leading solutions and data-driven insights to advance efficiency, safety, security, and environmental compliance for its customers in mobility infrastructure end-markets.
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.”

Bausch + Lomb 08/06/2020 BHC
Bausch Health Companies Inc., spinoff details:

August 8, 2020: Bausch Health Companies (BHC) announced that it intends to spin off its leading eye health business into an independent publicly traded entity (“Bausch + Lomb - NewCo”) from the remainder of Bausch Health (“BHC”). The spinoff will establish two separate companies that include:
•A fully integrated, pure play eye-health company built on the iconic Bausch + Lomb brand and long history of innovation; and
•A diversified pharmaceutical company with leading positions in gastroenterology, aesthetics/dermatology, neurology and international pharmaceuticals.

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.

new active pharmaceutical ingredients (API) company 02/24/2020 SNY
Sanofi, spinoff details:

February 24, 2020: Sanofi (SNY) plans to create a major leading European company dedicated to the production and marketing to third parties of active pharmaceutical ingredients (API), which are the essential molecules responsible for the beneficial effects used in the composition of any drug. The project consists of creating a standalone company which would combine Sanofi’s API commercial and development activities with six of its European API production sites : Brindisi (Italy), Frankfurt Chemistry (Germany), Haverhill (UK), St Aubin les Elbeuf (France), Újpest (Hungary) and Vertolaye (France).

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.

Consumer Healthcare 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.

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.

 

 

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.

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.

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.

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.