ANYONE who has watched Better Call Saul or Frasier is familiar with the spin-off concept, in which characters from an existing series branch off in a new show with a different story line. It works sort of the same way in corporate America, when firms split off a part of their business into a new, publicly traded company, usually via a tax-free distribution of the stock to shareholders of the original firm. The idea: Capitalize on a sum-of-the parts strategy, in which an undervalued business unlocks value under a new, simplified structure.
Stock spin-offs had a strong 2022, although momentum has slowed some this year. Last year, U.S. companies announced 44 spin-offs and completed 20, totaling $61 billion in market value, according to Goldman Sachs. So far this year, through mid July, nine U.S. spin-offs have been completed, according to financial information provider Dealogic.
Denne historien er fra October 2023-utgaven av Kiplinger's Personal Finance.
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Denne historien er fra October 2023-utgaven av Kiplinger's Personal Finance.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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