Vantage International considers spin-off of building construction, maintenance business
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American Savings BankPrepares for Spin-off
American Savings Bank, F.S.B.(American), a wholly-owned indirect subsidiary of Hawaiian ElectricIndustries, Inc. (HEI) (NYSE – HE), today reported net income of $12.7 millionfor the first quarter of 2016 compared to $15.0 million in the fourth…
Moody’s affirms Lifestyle International Holdings’ Baa3 rating on announcement of spin-off
Moody’s Investors Service has affirmed Lifestyle International Holdings Limited’s (Lifestyle) Baa3 issuer rating. At the same time, Moody’s has affirmed the Baa3 senior unsecured debt ratings on the notes issued by LS Finance (2017) Limited,…
E.ON’s Uniper plans cost cuts and asset sales
Uniper, the power plant and energy trading business being spun off by German utility E.ON , said on Tuesday it would cut costs and sell assets in its battle against weak markets, adding there would…
Endesa Chile and Endesa Américas Announce Distribution of Shares of Endesa Américas
EMPRESA NACIONAL DE ELECTRICIDAD S.A. (“Endesa Chile”) (NYSE: EOC) and ENDESA AMÉRICAS S.A. (“Endesa Américas”) (NYSE: EOCA) today announced that Endesa Chile completed the distribution of the common stock of Endesa Américas to the holders…
WestRock Board of Directors Approves Tax-Free Separation of Ingevity
WestRock Company (NYSE:WRK)today announced that its Board of Directors has approved the completion of theseparation of its specialty chemicals business from the remaining businessesof WestRock to form Ingevity Corporation (Ingevity). The planned separation,which is expected…
Possible spin-off of Volvo’s construction gear arm
… This is seen bringing renewed efforts to boost efficiency across Volvo’s sprawling production system and a possible spin-off of its construction gear arm, though a deal may only be likely once hard-hit equipment demand…
Sell Nuvectra Corporation (NVTR) for a profit of 109%
A 109% profit in one month for investing in the speculative stock Nuvectra Corporation (NVTR) is more than enough for me, so I’ll sell it (at an average price of $9.4) and say thanks to…
Highlands REIT will split out from InvenTrust Properties Corp
On April 14, 2016, Highlands REIT, Inc. (the “Company”) and InvenTrust Properties Corp. (“InvenTrust”), which owns all of the Company’s outstanding common stock, entered into a separation and distribution agreement (the “Separation and Distribution Agreement”)…
MLB Advanced Media is ready to spin out its tech operations
DISNEY IN ADVANCED TALKS TO TAKE EQUITY STAKE IN BAM TECH, THE VIDEO TECHNOLOGY BUSINESS MLB ADVANCED MEDIA HAS BEEN LOOKING TO SPIN OFF. Read more…