Icahn to Sell Federal-Mogul to Tenneco for $5B
The deal is the latest shakeup in the auto parts business, with Tenneco planning to split into two companies after it is completed.
Free from Bayer, Covestro Finally Can Build for the Future
The spun-off materials science company had to build out most functions from scratch but has seen surprising early business results.
PPG Makes ‘Last Invitation’ to Dutch Rival Akzo
The sweetened $26.4 billion takeover offer could increase the pressure on Akzo Nobel to open talks with PPG after rejecting two earlier proposals.
HPE Completes ES Spin-Merge But Stock Falls
“The close of this transaction leaves HPE with a crystal clear mission, tied directly to the solutions our customers and partners tell us they want most."
Conduent Spinoff Boosts Xerox Stock by 10%
Wall Street analysts upgrade their outlooks on Xerox after it completes the spinoff of its business services unit.
Chinese Investors Bet $460M on Yum Spinoff
The owner of KFC is partnering with Primavera Capital and an Alibaba affiliate to make Yum China an "independent restaurant powerhouse."
Lawmakers Question Caesars REIT Spinoff Plan
Members of Congress say the spinoff would amount to "a taxpayer-funded subsidy" to the gaming company and its private-equity owners.
HP Spinoff Doing Its Own IT Services Spinoff
Hewlett Packard Enterprise will merge its troubled IT services unit with Computer Sciences Corp. , creating a company with $26 billion in revenue.
Honeywell to Spin Off Businesses
AdvanSix would be a publicly traded, tax-free spinoff of Honeywell's resins and chemicals business.
ConAgra Restructures With Lamb Weston Spinoff
The frozen potato products business will become a separate company as ConAgra continues to sharpen its focus on key consumer brands.