Type D divisive reorganizations can take the form of a split-up, a split-off
, or a spinoff, whereby a corporation transfers part of its assets to one or more controlled corporations, which then distribute their stock in one of the following ways:
Fortive Corporation (FTV) announced that it has commenced an exchange offer related to the split-off
of its Automation & Specialty platform.
Wabtec and GE Transportation will be combined in a transaction in which GE will sell a portion of the assets of GE Transportation to Wabtec; complete the spin-off or split-off
of a portion of GE Transportation to GE shareholders; and immediately thereafter merge GE Transportation with a wholly owned subsidiary of Wabtec.
or GCI) and series of transactions that effected the split-off
of GCI Liberty, the company said.
After the split-off
, CBS Outdoor plans to convert into a Real Estate Investment Trust (REIT).
[[DELTA].sub.0] gives the value of the split-off
energy gap of the host semiconductor which for InAs, Insb, and GaSb are 0.39 eV, 0.81 eV, and 0.76 eV, respectively .
PPG Industries has commenced its exchange offer related to the split-off
transaction of its commodity chemicals business.
The service will assess the impact of the split-off
on Expedia's credit profile to resolve the "negative" watch.
In a research note, Exane BNP Paribas said a split-off
of the fixed-line network was unlikely, and Telecom Italia's management and some shareholders, including Telefonica, opposed it.
Kraft Foods announced that it has commenced its exchange offer related to the split-off
of its Post cereals business.
Windstream also announced that it is seeking the consent of lenders to amend and restate $2.9 billion worth of senior secured credit facilities for a more favorable interest rate, modify the pre-payment provisions, modify certain covenants to permit the consummation of the previously announced split-off
of its directory publishing business, and make other specified changes.