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Posts related to ‘spin-offs’

Pouring molten steel

SunCoke Fires Up Spin-Off IPO Again

Posted: January 8, 2013 at 8:43 am

After withdrawing a planned spin-off of a master limited partnership in November, SunCoke Energy Inc. (NYSE: SXC) this morning announced that its wholly-owned subsidiary SunCoke Energy Partners L.P. has launched ...
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Oil refinery

Phillips 66 to Spin Off Midstream MLP

Posted: December 13, 2012 at 12:18 pm

At an investor conference this morning, the CEO of Phillips 66 (NYSE: PSX) that the company will commit some of its oil and gas transportation (midstream) assets to the formation ...
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Gasoline pump

Valero Updates Retail Spin-Off Plans

Posted: December 10, 2012 at 1:40 pm

When Valero Energy Corp. (NYSE: VLO) reported second quarter earnings last July, the company said it would seek a tax-efficient spin-off of its retail business. In a presentation to investors ...
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Timken’s Value Weighed Down by Steel Say Some Investors

Posted: November 29, 2012 at 12:54 pm

Timken Co. (NYSE: TKR) has been in business for more than 100 years, making bearings and steel for a variety of industrial products. Now the company’s largest single shareholder, activist ...
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First Gambling Firm Splits Real Estate, Gaming — Others to Follow? (PENN, LVS, MPEL, WYNN, ASCA)

Posted: November 16, 2012 at 10:36 am

Casino owner and operator Penn National Gaming Inc. (NASDAQ: PENN) announced this morning that it will spin off its real estate assets into a separate, publicly traded REIT in a ...
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Alcoa and the Sum of its Parts

Posted: October 9, 2012 at 11:08 am

Here we go again. We’d all feel cheated if a year were to pass without chatter about the possibility of a takeover of Alcoa Inc. (NYSE: AA). In 2007, BHP ...
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Kraft Gets IRS Nod for Spin-off

Posted: May 18, 2012 at 9:59 am

Kraft Foods Inc. (NYSE: KFT) announced this morning that it has received a “favorable private letter ruling” from the US Internal Revenue Service “confirming the tax-free status of the planned ...
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The Great Energy Spin-Off Pipeline (MRO, MPC, TSO, TLLP, COP, BP, CHK, EP, XOM, CVX)

Posted: September 2, 2011 at 12:03 pm

So far this year we've noted a couple of major spin-offs in the energy section. Marathon Oil Corp. (NYSE: MRO) spun out its downstream business into Marathon Petroleum Corp. (NYSE: ...
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Conoco Moves For Break-Up To Enhance Value (COP, MRO, MPC, HFC, XOM, CVX)

Posted: July 14, 2011 at 8:24 am

Looks like the whispers we were hearing yesterday about a split-up of some sort at oil major ConocoPhillips Corp. (NYSE: COP) were true. The company has announced this morning that ...
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Are More Big Spin-Offs and Break-Ups Imminent? (ITT, MRO, FO, GE, MMM, UTX, HON, DHR, DOV, TXT, OTTR, BRK-B)

Posted: January 13, 2011 at 10:55 am

The reaction to the news of a conglomerate break-up in a three-way separation was incredible for ITT Corporation (NYSE: ITT) yesterday.  Shares closed up 16.5% rather than over 20% and ...
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The Eight Big Spin-Offs To Watch For 2011 (AMR, MT, CVC, FST, FO, LORL, MOT, NOC, HHC, GGP, MSG)

Posted: December 15, 2010 at 7:35 am

2010 has been a positive year for the markets.  IPOs and secondary offerings have been plentiful, debt offerings have been plentiful, and restructurings continue.  Many spin-offs have been announced and ...
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