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Unusual Transactions - Spinoffs, Mergers, Splits, and Others

How to do a normal merger
How to do a normal spinoff
How to do a normal split
How to recognize an unusual transaction

Spinoffs

12/29/2005 - Viacom (VIA) and CBS (CBS) - spinoff of CBS from Viacom, followed by a 1 for 2 reverse split of Viacom
07/17/2006 - Alltel [AT] to Windstream [WIN] - Alltel spun off VALOR stock, then VALOR Communications was immediately renamed Windstream Corp
08/01/2006 - Cendant Corp (CD) to Realogy (H) and Wyndham Worldwide (WYN) - 2 daughter companies
09/29/2006 - Wendy's [WEN] and Tim Horton [THI] - Normal spinoff
10/24/2006 - Fidelity National Financial, Inc. [FNF] to Fidelity National Title Group, Inc. [FNT] - Normal spinoff
11/20/2006 - Verizon Communications, Inc. [VZ] and Idearc, Inc.[IAR] - Normal spinoff
11/28/2006 - Alberto-Culver [ACV] and Sally Beauty Holdings [SBH] - Abnormal spinoff
01/02/2007 - Duke Energy Corporation [DUK] and Spectra Energy Corp [SE] - Normal spinoff
02/05/2007 - Central Garden & Pet Company [CENT] and Central Garden Class A [CENTA] - Normal spinoff
03/30/2007 - Altria Group, Inc. [MO] and Kraft Foods, Inc. [KFT] - Normal spinoff
03/30/2007 - Automatic Data Processing [ADP] and Broadridge Financial Solutions, Inc. [BR] - Normal spinoff
06/12/2007 - Walt Disney [DIS] and Citadel Broadcasting Corporation [CDL] - Normal spinoff
06/29/2007 - Tyco International Ltd. [TYC], Tyco Electronics Ltd. [TEL] and Covidien Ltd. [COV] - Abnormal spinoff
06/30/2007 - Morgan Stanley [MS] and Discover Financial Services [DFS] - Normal spinoff
07/31/2007 - AmerisourceBergen [ABC] and PharMerica [PMC] - Normal spinoff
10/31/2007 - Peabody Energy [BTU] and Patriot Coal [PCX] - Normal spinoff
11/01/2007 - Marshall & Ilsley Corporation [MI] and Metavante Technologies, Inc. [MV] - Normal spinoff
12/31/2007 - Synovus Financial Corp. [SNV] and Total System Services, Inc. [TSS] - Normal spinoff
11/13/2007 - App Pharmaceuticals (APPX) and Abraxis BioScience (ABII) - Normal spinoff
01/01/2008 - EchoStar Commumnications (DISH) and EchoStar Holding (SATS) Spinoff - Normal spinoff
03/28/2008 - Altria Group (MO) and Philip Morris International (PM) Spinoff - Normal spinoff
03/31/2008 - Verizon Communications (VZ) and FairPoint (FRP) - Normal spinoff
03/31/2008 - Hillenbrand Industries (HB) split-up into Hill-Rom Holdings, Inc. (HRC) and Hillenbrand, Inc. (HI) - Normal spinoff, with a name change
09/28/2008 - Cypress Semiconductor (CY) & Sunpower (SPWRB) - Normal spinoff
3/27/2009 - Time Warner Inc. [TWX] and Time Warner Cable Inc. [TWC] Normal spinoff, followed by a reverse stock split
05/27/2009 - Harris Corporation [HRS] and Harris Stratex Corporation [HSTX] Taxable spinoff
06/30/2009 - Myriad Genetics [MYGN] and Myriad Pharmaceuticals, Inc. [MYRX] Normal spinoff
11/30/2009 - Encana [ECA] and Cenovus [CEV] Normal spinoff
06/07/2010 - Verizon and New Communications Holdings/Frontier Communications Normal spinoff, followed by a Normal merger
01/03/2011 - Motorola and Motorola Mobility Normal spinoff, followed by a Reverse Split
01/19/2011 - Diana Shipping and Diana Container Ships Normal spinoff, followed by Buy transaction
10/04/2011 - Fortune Brands (Beam) and Fortune Brands Home and Security Normal spinoff, followed by a name change for the parent company
10/30/2011 - ITT / Xylem / Excelis Normal spinoff of two daughter companies, followed by a reverse stock split for the parent
10/31/2011 - Lumos Networks from NTelos Reverse stock split followed by a Spinoff
12/30/2011 - Orchard Supply and Orchard Preferred from Sears Holdings Spinoff of two companies
12/30/2011 - WPX Energy from the Williams Companies Normal Spinoff
01/17/2012 - SunCoke Energy from Sunoco Special Dividend
06/28/12 - DE Master Blenders (DE.AS) from Sara Lee (SLE) Spinoff, reverse split, name change
06/29/12 - Energy Fuels (EFR.T) from Denison (DML.T) Return of capital and Purchase entries required
09/28/12 - ADT (ADT) and Pentair (PNR) from Tyco International (TYC) regular spinoff of two companies.
10/01/12 - Kraft Foods Group(KRFT) from Kraft Foods (Mondelēz) (MDLZ) Spinoff of one company and a name change for the parent security


For more recent Spinoff transactions, please see our main FAQ page, or the specific section on Spinoff transactions.

Mergers

08/17/2005 - Nextel (NXTL) and Sprint (FON) - name change to Sprint Nextel, ticker symbol change
10/10/2005 - Electronic Boutique (ELBO) and Gamestop (GME) - Merger with extra cash
11/18/2005 - AT&T (T) and SBC Communications (SBC) - name change from SBC to AT&T, ticker symbol change
12/30/2005 - MBNA (KRB) and Bank of America (BAC) - Merger with extra cash
02/01/2006 - DRS Technologies, Inc. (DRS) and Engineered Support Systems, Inc. (EASI) - Taxable merger
03/30/2006 - Burlington Resources, Inc. (BR) and ConocoPhillips (COP) - Merger with extra cash
04/21/2006 - Guidant Corp (GDT) and Boston Scientific (BSX) - Taxable Merger
07/12/2006 - KCS Energy, Inc. (KCS) and Petrohawk Energy Corporation (HAWK) - Merger with extra cash
07/24/2006 - Golden West Corporation (GDW) and Wachovia Corporation (WB) - Merger with extra cash
11/21/2006 - VeriFone Holdings, Inc. [PAY] and Lipman Electronic Engineering LTD [LPMA] - Taxable merger
12/01/2006 - Alcatel [ALU] and Lucent [LU] - Normal merger
12/01/2006 - Capital One Financial [COF] and North Fork Bancorporation [NFB] - Three different possibilities, depending on your election choice
03/22/2007 - CVS Corporation [CVS] and Caremark Rx,Inc. [CMX] - Merger With Additional Dividend
04/02/2007 - LSI Corporation [LSI] and Agere Systems [AGR] - Merger with extra cash
05/15/2007 - TALX Corporation [TALX] and Equifax Inc. [EFX] - Two different possibilities, depending on your election choice
07/01/2007 - Bank of New York [BK] and Mellon Financial [MEL] - Two possibilities, depending on which company the club held stock in prior to the merger
10/24/2007 - Cytyc Corp. (CYTC) and Hologic Inc. (HOLX) - Merger with extra cash
10/24/2007 - A.G. Edwards, Inc. (AGE) and Wachovia Corporation (WB) - Taxable merger with extra cash
11/16/2007 - Florida Rock (FRK.N) and Vulcan Materials (VMC) - Merger with three potential outcomes.
01/17/2008 - Omniture, Inc (OMTR) and Visual Sciences, Inc. (VSCN) - Merger with extra cash
03/13/2008 - TD Bank Financial Group (TD) and Commerce Bancorp, Inc (CBH) - Taxable merger
04/15/2008 - Excel Maritime Carriers (EXM) and Quintana Maritime (QMAR) - Taxable merger
04/21/2008 - National Oilwell Varco (NOV) and Grant Prideco (GRP) - Merger with extra cash
06/05/2008 - Ingersoll-Rand [IR] and Trane [TT] - Taxable merger
07/31/2008 - ANSYS, Ansoft Corporation - Merger with extra cash
08/25/2008 - Smith International and W-H Energy Services - Merger with extra cash
08/26/2008 - FTD Group, United Online - Taxable merger
08/28/2008 - Stone Energy Corp (SGY) & Bois d'Arc Energy (BDE) - Cash and Stock Reorganization
09/20/2008 - Wendy's International & Triarc Companies - Taxable merger
11/07/2008 - Teck Cominco Ltd (TCK) & Fording Canadian Coal (FDG) - Taxable merger
11/13/2008 - Hercules Inc. and Ashland Inc. merger - Taxable merger
12/23/2008 - Teva Pharmaceuticals & Barr Pharmaceuticals merger - Cash and Stock reorganization
07/01/2009 - CenturyTel and EMBARQ merger - Merger
09/29/2009 - Petrobras Energia and Petrobras Energia Participaciones - Can be entered as a Merger or Reverse Split
10/15/2009 - Wyeth and Pfizer merger - Taxable Merger Transaction
11/03/2009 - Schering-Plough and Merck merger - Stock Sale/Redemption and Merger Transaction
12/27/2009 - Disney Corp. and Marvel Entertainment merger - Merger with extra cash
01/27/2010 - JDA Software and i2 - Cash plus Stock Reorganization
02/05/2010 - Xerox and ACS - Cash plus Stock Reorganization
02/05/2010 - CF Industries and Terra Industries - Cash plus Stock Merger
02/12/2010 - Berkshire Hathaway and Burlington Northern - Merger
02/26/2010 - Pepsi and Pepsi Bottling Group - Cash plus Stock Reorganization
02/26/2010 - Pepsi and Pepsi Americas - Cash plus Stock Reorganization
03/08/2010 - Kraft and Cadbury - Cash plus Stock Reorganization
03/10/2010 - Denbury and Encore - Cash plus Stock Reorganization
04/28/2010 - Baker Hughes and BJ Services - Cash plus Stock Reorganization
06/01/2010 - Windstream and Iowa Telecom - Cash plus Stock Reorganization
06/25/2010 - Exxon and XTO Energy - Stock Reorganization
07/01/2010 - Hewlett-Packard and Palm - Acquisition
07/16/2010 - SandRidge and Arena Resources - Cash plus Stock Reorganization
08/27/2010 - Schlumberger and Smith International - Standard Merger
02/17/2011 - Atlas Energy and Chevron - Spinoff and Merger
04/08/2011 - Sanofi-aventis and Genzyme - Acquisition merger
05/31/2011 - Ensco and Pride - Cash plus stock merger
06/01/2011 - RehabCare Group and Kindred HealthCare - Merger
10/04/2011 - Metropolitan Health and ContinueCare - Cash plus stock merger
12/09/2011 - Nicor and AGL Resources - Cash plus stock merger
04/02/2012 - Express Scripts (ESRX) and Medco Health (MHS) - Cash plus stock merger
05/24/2012 - Kinder Morgan (KMI) and El Paso (EPB) - Cash plus stock merger
07/02/2012 - SXC Health Solutions (SXCI / CTRX) and Catalyst Health Solutions (CHSI) - Cash plus stock merger, and name change


For more recent Merger transactions, please see our main FAQ page, or the specific section on Merger transactions.

Splits

05/02/2006 - William Wrigley Jr. Co. (WWY) - Common stock and Class B - Split gave Common and Class B stock
07/31/2006 - Vodafone Group Plc (VOD) reverse stock split and special distributions - Reverse stock split, special dividend in addition to its regular interim dividend.

Other

05/12/2006 - XTO Energy (XTO) dividend of Hugoton Royalty Trust (HGT) - Taxable dividend masquerading as a spinoff
10/12/2006 - EXCHANGE: McDonalds (MCD) and Chipotle (CMG) - . Not a spinoff, not a split, but a "split-off". You heard it here first.
04/02/2007 - EXCHANGE: Halliburton Company [HAL] and KBR, Inc. [KBR] - Our second ever "split-off"
11/27/2007 - RECLASSIFICATION/MERGER: Transocean Inc. [RIG] reclassification and merger with GlobalSantaFe Corporation [GSF] - Reclassification/Merger. Another first for us.
04/23/08 - MERGER/SPINOFF: Quanex Corporation [NX] and Quanex Building Products Corporation. - Merger and Spinoff
5/7/2008 - DEMERGER: Cadbury Schweppes (CSG) (Spinoff and Merger) - Spinoff and Merger
8/04/2008 - SPLIT-OFF: Kraft Foods, Ralcorp Holdings - Spinoff and Split
8/26/2008 - REVERSE SPLIT, TICKER CHANGE and 4 SPINOFFS: Companies involved are:
IAC/InterActiveCorp. [IACID], HSN, Inc. [HSNI], Ticketmaster [TKTM], Interval Leisure Group, Inc. [IILG], and Tree.com, Inc. [TREE]
- Reverse Split, ticker change and 4 Spinoffs
11/05/2008 - SPLIT-OFF: Procter & Gamble & The J. M. Smucker Co. - Spinoff and Split
03/20/2009 - Rights Distribution: HSBC - Spinoff, and also possibly a sale, and purchase
05/05/2009 - RIGHTS ISSUED: Precision Drilling Trust - potentially multiple transactions
09/25/2009 - REORGANIZATION: Tim Hortons - Return of Capital, Merger, and another Return of Capital
12/22/2009 - SPLIT-OFF: BristolMyers and Mead Johnson - Split and Spinoff
08/29/2010 - SPECIAL DIVIDEND: Weyerhaeuser - Multiple Transactions
01/20/2011 - WARRANTS ISSUED: AIG - Warrants issued by company, good through 2021



 
  
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