The monthly Spin-Off Calendar provides a snapshot of every spin-off in progress, including a summary of our opinion and valuation, critical dates, transaction details and a brief analysis of business segments.  This month’s calendar discusses the following:

COMCAST CORPORATION / ENTERTAINMENT BUSINESS
CORTEVA, INC. / SEED BUSINESS
EATON CORPORATION PLC / MOBILITY BUSINESS
FLEX LTD. / CLOUD & POWER INFRASTRUCTURE BUSINESS
GENUINE PARTS CO. / GLOBAL AUTOMOTIVE PARTS BUSINESS*
INTERNATIONAL PAPER COMPANY / EMEA BUSINESS
JOHNSON & JOHNSON / ORTHOPEDICS BUSINESS
KBR, INC. / MISSION TECHNOLOGY SOLUTIONS BUSINESS
KEURIG DR PEPPER INC. / GLOBAL COFFEE BUSINESS
MADISON SQUARE GARDEN SPORTS CORP. / NEW YORK RANGERS BUSINESS
MCKESSON CORP. / MEDICAL-SURGICAL SOLUTIONS BUSINESS
MEDTRONIC PLC / DIABETES BUSINESS
MODINE MANUFACTURING CO. / PERFORMANCE TECHNOLOGIES BUSINESS
RESIDEO TECHNOLOGIES, INC. / ADI GLOBAL DISTRIBUTION BUSINESS
THE KRAFT HEINZ COMPANY / NORTH AMERICAN GROCERY BUSINESS

Newly announced spins are in bold.  * Indicates new info/valuation.

We are excited to announce that our coverage has now expanded beyond spin-offs and potential spin-offs to include post re-org equities, exchange offers and broken IPOs. On June 8th, The Spin-Off Report will be combined with The Hidden Opportunities Report under the name Canyon River Advisors, providing clients with the only independent source for comprehensive analysis of underfollowed and mispriced opportunities across the special situations space.

Beginning on June 8th, all research publications will be emailed from research@canyonriveradvisors.com and our new client portal will be accessible at canyonriveradvisors.com. Your existing username and password will carry over to the new website. 

Please reply to this email or call Rich Albanese +1 646-839-5566 if you have any questions.

The monthly Spin-Off Calendar provides a snapshot of every spin-off in progress, including a summary of our opinion and valuation, critical dates, transaction details and a brief analysis of business segments.  This month’s calendar discusses the following:

• Corteva, Inc. (CTVA) / Vylor Inc. (Seed Business)
• Eaton Corporation Plc (ETN) / Mobility Business
• Flex Ltd. (FLEX) / Cloud & Power Infrastructure Business
• Genuine Parts Co. (GPC) / Global Automotive Parts Business
• Honeywell International Inc. (HON) / Aerospace Business 
• International Paper Company (IP) / EMEA Business 
• Johnson & Johnson (JNJ) / DePuy Synthes (Orthopedics Business)
• KBR, Inc. (KBR) / Mission Technology Solutions Business*
• Keurig Dr Pepper Inc. (KDP) / Global Coffee Business
• Madison Square Garden Sports Corp. (MSGS) / New York Rangers Business
• Mckesson Corp. (MCK) / Medical-Surgical Solutions Business
• Medtronic Plc (MDT) / MiniMed 
• Modine Manufacturing Co. (MOD) / Performance Technologies Business*
• Resideo Technologies, Inc. (REZI) / ADI Global Distribution Business 
• S&P Global Inc. (SPGI) / Mobility Business
• The Kraft Heinz Company (KHC) / North American Grocery Business 
• The Middleby Corp. (MIDD) / Food Processing Business*

Newly announced spins are in bold.  * Indicates new info/valuation.

All research publications can be accessed via our website, spinoff.report.

The monthly Spin-Off Calendar provides a snapshot of every spin-off in progress, including a summary of our opinion and valuation, critical dates, transaction details and a brief analysis of business segments.  This month’s calendar discusses the following transactions:

• 3M Co. (MMM) / Solventum (Health Care Business)
• Baxter International Inc. (BAX) / Renal Care and Acute Therapies Businesses
• Berry Global Group Inc. (BERY) / HH&S And Films Businesses (to merge w/ Glatfelter)*
• Edwards Lifesciences Corp. / Critical Care Business
• General Electric Co. (GE) / Renewable Energy
• Jacobs Solutions Inc. (J) / Critical Mission Solutions Business (to merge with Amentum)
• Medtronic PLC (MDT) / Patient Monitoring and Respiratory Interventions Business
• MDU Resources Group INC. (MDU) / Construction Services Business
• Select Medical Holdings Corp. (SEM) / Concentra
• Western Digital Corp. (WDC) / HDD Business

All research publications can be accessed via our website, spinoff.report.

* New entry this month

The monthly Spin-Off Calendar provides a snapshot of every spin-off in progress, including a summary of our opinion and valuation, critical dates, transaction details and a brief analysis of business segments.  This month’s calendar discusses the following transactions:

• 3M Co. (MMM) / Solventum (Health Care Business)
• Baxter International Inc. (BAX) / Renal Care and Acute Therapies Businesses
• Edwards Lifesciences Corp. / Critical Care Business
• General Electric Co. (GE) / Renewable Energy
• Jacobs Solutions Inc. (J) / Critical Mission Solutions Business (to merge with Amentum)
• Medtronic PLC (MDT) / Patient Monitoring and Respiratory Interventions Business
• MDU Resources Group INC. (MDU) / Construction Services Business
• Select Medical Holdings Corp. / Concentra*
• Western Digital Corp. (WDC) / HDD Business

All research publications can be accessed via our website, spinoff.report.

* New entry this month

The monthly Spin-Off Calendar provides a snapshot of every spin-off in progress, including a summary of our opinion and valuation, critical dates, transaction details and a brief analysis of business segments.  This month’s calendar discusses the following transactions:

• 3M Co. (MMM) / Solventum (Health Care Business)
• Baxter International Inc. (BAX) / Renal Care and Acute Therapies Businesses
• Edwards Lifesciences Corp. (EW) / Critical Care Business
• General Electric Co. (GE) / Renewable Energy
• Jacobs Solutions Inc. (J) / Critical Mission Solutions Business (to merge with Amentum)
• Medtronic PLC (MDT) / Patient Monitoring and Respiratory Interventions Business
• MDU Resources Group INC. (MDU) / Construction Services Business
• Western Digital Corp. (WDC) / HDD Business

All research publications can be accessed via our website, spinoff.report.

The monthly Spin-Off Calendar provides a snapshot of every spin-off in progress, including a summary of our opinion and valuation, critical dates, transaction details and a brief analysis of business segments.  This month’s calendar discusses the following transactions:

• 3M Co. (MMM) / Health Care Business
• Baxter International Inc. (BAX) / Renal Care and Acute Therapies Businesses
• General Electric Co. (GE) / Renewable Energy
• Jacobs Solutions Inc. (J) / Critical Mission Solutions Business
• Lions Gate Entertainment Corp. / Lions Gate Entertainment Corp. 
• Medtronic PLC (MDT) / Patient Monitoring and Respiratory Interventions Business
• MDU Resources Group INC. (MDU) / Construction Services Business
• Western Digital Corp. (WDC) / HDD Business
• Worthington Enterprises / Worthington Steel

All research publications can be accessed via our website, spinoff.report.

The monthly Spin-Off Calendar provides a snapshot of every spin-off in progress, including a summary of our opinion and valuation, critical dates, transaction details and a brief analysis of business segments.  This month’s calendar discusses the following transactions:

• 3M Co. (MMM) / Health Care Business
• Baxter International Inc. (BAX) / Renal Care and Acute Therapies Businesses
• General Electric Co. (GE) / Renewable Energy
• Jacobs Solutions Inc. (J) / Critical Mission Solutions Business
• Lions Gate Entertainment Corp. (LGFA/B) / Lions Gate Entertainment Corp.
• Medtronic PLC (MDT) / Patient Monitoring and Respiratory Interventions Business
• MDU Resources Group INC. (MDU) / Construction Services Business
• Western Digital Corp. (WDC) / HDD Business

All research publications can be accessed via our website, spinoff.report.

The monthly Spin-Off Calendar provides a snapshot of every spin-off in progress, including a summary of our opinion and valuation, critical dates, transaction details and a brief analysis of business segments.  This month’s calendar discusses the following transactions:

• 3M Co. (MMM) / Health Care Business
• Albertsons Companies Inc. (ACI) / Portfolio of Stores
• Aramark (ARMK) / Aramark Uniform Services
• Baxter International Inc. (BAX) / Renal Care and Acute Therapies Businesses
• Danaher Corp. (DHR) / Veralto Corp.
• General Electric Co. (GE) / Renewable Energy Businesses
• Jacobs Solutions Inc. (J) / Critical Mission Solutions Business
• Kellogg Co. (K) / WK Kellogg Co.
• Lithium Americas Corp. (LAC) / North American Mining Operations
• Lions Gate PLC (MDT) / Patient Monitoring and Respiratory Interventions Business
• NCR Corp. (NCR) / ATM Business
• Vista Outdoor Inc. (VSTO) / Outdoor Products Business

All research publications can be accessed via our website, spinoff.report.

The monthly Spin-Off Calendar provides a snapshot of every spin-off in progress, including a summary of our opinion and valuation, critical dates, transaction details and a brief analysis of business segments.  This month’s calendar discusses the following transactions:

• 3M Co. (MMM) / Health Care Business
• Albertsons Companies Inc. (ACI) / Portfolio of Stores
• Aramark (ARMK) / Aramark Uniform Services
• Baxter International Inc. (BAX) / Renal Care and Acute Therapies Businesses
• Danaher Corp. (DHR) / Environmental & Applied Solutions Businesses
• General Electric Co. (GE) / Renewable Energy Businesses
• Jacobs Solutions Inc. (J) / Critical Mission Solutions Business
• Kellogg Co. (K) / North American Cereal Business
• Lithium Americas Corp. (LAC) / North American Mining Operations
• Lions Gate Entertainment Corp. / Lions Gate Entertainment Corp. 
• Medtronic plc (MDT) / Patient Monitoring and Respiratory Interventions Business
• NCR Corp. (NCR) / ATM Business
• Vista Outdoor Inc. (VSTO) / Outdoor Products Business

All research publications can be accessed via our website, spinoff.report.