Thought I'd provide some info on various spin-offs & special
situations that I've found and hadn't seen here. I'm certainly
not invested in all of these, but others might find something
to their liking. Standard disclaimer - information is not
garanteed to be correct (do your own homework). All companies
in no particular order.
Stew
Already Spun-off:
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PriceSmart (Nasdaq:PSMT) / Price Enterprises, Inc. (Nasdaq:PREN) August 29,1997
International version of Price Club. Lot's of cash, but Emerging
Market exposure.
ChoicePoint, Inc. (NYSE:CPS) / Equifax Inc. (NYSE:EFX) August 7, 1997
Provides risk management and fraud prevention information. Very
good growth prospects in my opinion.
Unisource Worldwide, Inc. (NYSE:UWW) / Ikon Office Solutions Inc. (NYSE:IKN) December 31, 1996
Distributes paper products. Big yield (now %5+), lots of room for
improvement in results.
Unova Inc. (NYSE:UNA) / Western Atlas Inc. (NYSE:WAI) October 31, 1997
Sells industrial automation systems (typically to big autos) and
automated data collection systems. Growth-rate of markets is
~12-15%, maybe spin-off will be grow faster.
biz.yahoo.com
Corn Products International, Inc. (NYSE:CPO) / Bestfoods (NYSE:BFO) December, 1997
Things having to do with Corn! Apparently, the corn products market
is not the best right now.
biz.yahoo.com
General Semiconductor Inc. (NYSE:SEM)
Commscope, Inc. (NYSE:CTV)
General Instrument Corp. (NYSE:GIC) / General Instrument Corp. (NYSE:GIC) August, 1997
Commscope makes cable. General Semi make semis. The new General
Instrument is focused on growth areas such as set-top boxes.
Getty Petroleum Marketing (NYSE:GPM) / Getty Realty Corp. (NYSE:GTY) March 21, 1997
Getty Petroleum distributes petroleum, Getty Realty owns property.
To be Spun-off:
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Bolle, Inc. (Nasdaq:BEYE) / BEC Group, Inc. (NYSE:EYE) March 11, 1998
Bolle makes eyewear. Fashion eyewear tends to be cyclic (1996
earnings from Bolle $0.59, 1997 $0.09 if I remember correctly),
but the industry seems to grow nicely.
Waddell & Reed Financial, Inc. (NYSE:WDR) / Torchmark Corp. (NYSE:TMK) March/late 1998
Waddell & Reed is a money management firm. TMK plans to IPO in March
a percentage of shares (20%?) and then spin-off remaining shares in
late 1998. Spin-off looks promising.
biz.yahoo.com
Reuben H. Donnelley Corp. / Dun & Bradstreet Corp. (NYSE:DNB) Summer 1998
D&B spinning-off the independent marketer of yellow pages.
biz.yahoo.com
Octel Corp. (NYSE:OCT) / Great Lakes Chemical Corporation (NYSE:GLK) Spring 1998?
Great lakes focusing on specialty chemicals, spinning off it's
petroleum additives business
biz.yahoo.com
MB Paper / MacMillan Bloedel (Nasdaq:MMBLF)
MacMillan Bloedel spinning off its paper business.
biz.yahoo.com
SFX Entertainment / SFX Broadcasting, Inc. (Nasdaq:SFXBA) 2Q 1998
Broadcasting co. to spin off its live entertainment unit.
Penwest Pharmaceuticals Co. / Penford Corporation (Nasdaq:PENX) 2Q 1998 or later?
Specialty chemical & for ingredient manufacturer to spin of
pharmaceutical company, but delayed due to market conditions.
biz.yahoo.com
Emerged from Bankruptcy (date is first listing, or emergence from chapt. 11):
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Advantica Restaurant Group, Inc. (Nasdaq:DINE, Nasdaq:DINEW), January 1998
Owns and operates Carrows, Coco's, Denny's, El Pollo Loco and
Quincy's Family Steakhouse restaurant brands.
Edison Brothers Stores (Nasdaq:EDBR, Nasdaq:EDBRW), December 1997
Owns and operates chains of specialty stores which sell apparel
and footwear.
Sizzler International (NYSE:SZ), September 1997
Operates and franchises, 365 Sizzler, 96 KFC, and one The
Italian Oven restaurants worldwide.
Koll Real Estate Group (Nasdaq:KREG), August 1997
Koll Real Estate develops residential and commercial real estate,
with properties principally in Southern CA.
Smith Corona Corporation (Nasdaq:SCCO), June 1997
Focusing on distribution of branded products for SOHO market.
biz.yahoo.com |
