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Tag: spinoff
Occidental Petroleum completes spinoff
2014-12-01 15:13:40| Oil & Gas - Topix.net
Holders of Occidental common stock got about 80.5 percent of the outstanding shares of California Resources in November. That distribution amounted to about 310 million shares.
Tags: petroleum
completes
occidental
spinoff
Ferrari spin-off to cut Fiat Chrysler debt by 715 million euros - filing
2014-11-26 18:52:57| Automakers - Topix.net
FCA had already said in a separate filing with U.S. market regulator SEC earlier this month that it would receive 2.25 billion euros from Ferrari before it spins off the luxury sportscar unit from the group next year. The company added on Wednesday that this payment and the removal of Ferrari's own debt of 133 million euros from the parent group's accounts would be offset by the loss of Ferrari's cash and receivables worth 1.67 billion euros.
Tags: million
cut
filing
euros
Ashford Inc.: Should You Join Insiders In Their Aggressive Share Capture Of The Spin-Off?
2014-11-20 03:43:08| Jewelry - Topix.net
Ashford Inc. spin-off will be the outcome of Ashford Hospitality Trust and Ashford Hospitality Prime separating their hotel asset management company into a separate NYSE listed entity. AINC will be implementing the investment strategies and managing the day-to-day operations of Ashford Trust and Prime, and in return collecting management fee based on the total market capitalization of Ashford Trust and Ashford Prime and their relative performance versus peers.
Lincoln Electric acquires EWI spinoff RealWeld training system for welders
2014-11-18 20:16:26| Industrial Machines - Topix.net
The Columbus research organization for welding and other means of joining materials invented the training system that provides instant feedback on proper use of actual welding equipment rather than a computer simulation. Lincoln Electric Holdings Inc., one of the largest global makers of welding equipment, has acquired EWI spinoff RealWeld Systems Inc., which makes a system to train new welders.
Tags: system
training
electric
lincoln
Fiat-Chrysler to Get $2.8 Billion in Cash from Ferrari in Spin-off Plan
2014-11-18 00:13:48| Automakers - Topix.net
Fiat-Chrysler is giving more details about its plans to spin off Ferrari as a separate company. Automotive News reports that the Italo-American auto conglomerate will seek a 2.24 billion, or roughly $2.8 billion in cash from the Italian supercar maker before the latter splits off into a separate company in 2015.
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