AJ PRITCHARD TOUR DATES: 69
SPIN-OFFS: Get On The Floor (five dates in March).
Also, the company will distribute these Newmark shares through a special pro rata stock dividend (the
spin-off or distribution).
(NYSE: ALV)(SSE: ALIVsdb) a company involved in automotive safety systems, has completed the
spin-off of its electronics segment, Veoneer Inc.
Under the agreement with Cevian, Autoliv and Veoneer have agreed to take action for Veoneer to appoint Synnergren to Veoneer's board following the
spin-off of Veoneer and nominate him or another designee of Cevian at future annual meetings of Veoneer, subject to the terms and conditions of the agreement, including Cevian maintaining an at least 8% ownership position in the common stock of Autoliv as of the
spin-off and Veoneer thereafter.
The
Spin-off distribution will be 80.1% of the outstanding shares of the Company's issued and outstanding shares of each of Class A and Class B common stock, which will be delivered by book-entry pro rata to holders of record of MSF Class A and Class B shares, respectively, on the Record Date.
Jan Carlson will be the chief executive officer of Veoneer following completion of the
spin-off. Carlson will assume this role within the Veoneer business segment as of 1 April 2018 while continuing to serve in his role of chairman, president and CEO of Autoliv until the
spin-off.
First, we add to the innovation literature by examining how knowledge regarding customers and collaboration with suppliers influences
spin-offs. We provide new insights into corporate entrepreneurship research by focusing our analysis on the
spin-off level rather than solely on the parental level (Clarysse et al., 2011).
Specialist biopharmaceutical company Emergent BioSolutions Inc (NYSE:EBS) said on Friday that it has filed a Form 10 Registration Statement with the US Securities and Exchange Commission in connection with the proposed
spin-off of certain assets of its biosciences business to create a separate, publicly-traded company, Aptevo Therapeutics Inc.
The value creation at the median new company generated by the
spin-off, however, trailed the market slightly in the six months after the close, and there was a broad spread of at least 38 percentage points between top- quartile and bottom-quartile performance.
Supervalu president and chief executive officer Sam Duncan floated the idea of a
spin-off last summer, commenting that such a move would unlock value for shareholders and permit Supervalu to focus on its other grocery stores, operating under such banners as Farm Fresh and Cub Foods, and its wholesale business, one of the largest in the United States.