Blog Network

Spin-Offs

post thumbnail

Icahn Sees Value in Enzon (ENZN)

Enzon Pharmaceuticals (NDAQ: ENZN) shares rose today after activist investor Carl Icahn disclosed a 6.93% stake and suggested that the pharmaceutical company explore strategic alternatives in a Schedule 13D filing with the SEC. The billionaire financier insisted that management conduct a comprehensive review of strategic transactions that could enhance shareholder value. In particular, Icahn suggested […]

Popularity: 82% [?]

14Mar2008 | Justin Kuepper | 0 comments | Continued
post thumbnail

Conseco Shares Undervalued (CNO)

Conseco, Inc. (NYSE: CNO) shares have been halved during the past 52 weeks and at least one large investor insists that the stock is substantially undervalued in a Schedule 13D/A filing with the SEC. The insurance holding company’s shares dropped after it fell under scrutiny for improperly reporting benefits and liabilities for insurance products. In […]

Popularity: 100% [?]

14Mar2008 | Justin Kuepper | 0 comments | Continued
post thumbnail

Time for a Spin-Off (TWX, TWC)

Time Warner Inc. (NYSE: TWX) appears to finally be tuning into the idea of a spin off of its cable division. The media company has been conducting a formal review of how to divest its 84% stake in Time Warner Cable (NYSE: TWC), but depressed cable valuations have somewhat limited its options. Interestingly, the proposed […]

Popularity: 37% [?]

12Mar2008 | Justin Kuepper | 0 comments | Continued
post thumbnail

Cadbury Sets Date for Spin-Off (CSG)

Cadbury Schweppes (NYSE: CSG) finally set the date for the highly anticipated spin-off of its U.S. beverages unit in a 6-K filing with the SEC. Shares in the spin-off are to list on the New York Stock Exchange on May 7th if the measure is approved at the company’s upcoming April 11th meeting. The division […]

Popularity: 19% [?]

11Mar2008 | Justin Kuepper | 0 comments | Continued
post thumbnail

Analyzing a Sprint Spin-Off (S, T, VZ)

Sprint Nextel Corporation (NYSE: S) shares rose sharply today after the rumor mill shifted into over-drive and suggested that the company may be interested in spinning off Nextel. The speculation stems from the fact that the telecom company will likely have to write-off most of the remaining $30.7 billion in non-cash goodwill value from its […]

Popularity: 27% [?]

7Mar2008 | Justin Kuepper | 0 comments | Continued
post thumbnail

Icahn Confident in Victory this Time ‘Round (MOT)

Motorola, Inc. (NYSE: MOT) warned shareholders today that it has not endorsed activist investor Carl Icahn’s nominees for its board as the troubled company’s annual meeting approaches. However, a growing number of dissident shareholders alongside a plummeting stock price has his odds of a successfully proxy campaign running pretty high. Motorola shares nearly halved since […]

Popularity: 37% [?]

6Mar2008 | Justin Kuepper | 0 comments | Continued
post thumbnail

Elan Turnaround Gains Steam (ELN, BIIB)

Elan Corporation (NYSE: ELN) is a pharmaceutical turnaround story that may soon get even better. The pharmaceutical company had a brush with bankruptcy in 2002 and reported a wider-than-expected loss of $405 million for 2007. However, the company said it expects a sharp turnaround in 2008, forecasing revenue growth of over 30 percent and possibly […]

Popularity: 23% [?]

28Feb2008 | Justin Kuepper | 0 comments | Continued
post thumbnail

Brink’s Finally Bends to Shareholder Pressure (BCO)

The Brink’s Company (NYSE: BCO) shares rose 1.4 percent today after the security company announced that it would spin off its home security unit in order to appease a growing number of dissident shareholders. The news comes after enormous pressure from activist shareholders Pirate Capital and MMI Investments, both of whom planned proxy contests to […]

Popularity: 23% [?]

27Feb2008 | Justin Kuepper | 0 comments | Continued
post thumbnail

Nobody Answers the Phone (MOT)

Motorola Inc. (NYSE: MOT) shares are under pressure after few buyers appear to be interested in its handset business. The division has been on the auction block for three weeks and top vendors Nokia Corporation (NYSE: NOK), Samsung Electronics, and LG Electronics have all expressed zero interest. This has many investors concerned that the great […]

Popularity: 29% [?]

22Feb2008 | Justin Kuepper | 0 comments | Continued
post thumbnail

Foldgers Split Off = Investment Opportunity (PG)

The Procter & Gamble Company (NYSE: PG) recently announced that it would split off its Folgers coffee division into a stand-alone company. The conglomerate would offer its shareholders the opportunity to participate by exchanging their P&G shares for stock in Folgers. Interestingly, many analysts are expecting P&G to sweeten the deal by offering an attractive […]

Popularity: 20% [?]

21Feb2008 | Justin Kuepper | 0 comments | Continued
Older Entries