Stop The Presses? News Corp To Toss Newspapers To The Curb
After days of speculation, and months of internal debate, News Corp(NWSA) announced yesterday that it will spin off its newspaper and publishing business. The company aims to complete the transaction...
View ArticleFollowing Rough Year, Treasury Wine Is In Play After Rejecting Bid From KKR
Like all spinoffs, Treasury Wine Estates(TSRYF) was in high spirits following its spinoff from Fosters. The company’s results have been disappointing however, marked by troubles in its US division...
View ArticleAll Hands On Deck- Starboard Goes All In On Darden Following Red Lobster Sale
What to do when a majority of your shareholders support calling a special meeting before you divest an important asset? Go ahead, ignore them, and do what you want, says Darden(DRI). With the $2.1...
View ArticleIs Recent Blackstone Spinoff PJT Partners A Bargain? WSJ Says Maybe
We failed to note it at the time, but on October 1, Blackstone(BX) completed the spinoff of several advisory businesses which combined with PJT Capital to form PJT Partners(PJT). Blackstone unit...
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