Upcoming Spinoffs Event Calendar
Our Spin-Off Stocks List
Note: Our spin-off stock calendar lists both upcoming spin offs and recent spin-off stocks, along with essential information on each, including a deal brief, and key dates. Reminder emails and full analysis on select upcoming spinoffs are reserved for members.
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| Parent Name | Parent Ticker | Spinco Name | Spinco Ticker | PR Date | Event Date | First Trading | Deal Brief | Reminder Email |
|---|---|---|---|---|---|---|---|---|
| TC Energy | TCE (TSX) | Liquids Pipeline Company | TBD | July 27th, 2023 | Q3 2024 | TBD | TC Energy, a energy solutions provider, is spinning off it's liquid pipelines business. The pipeline business caters to mostly investment grade companies (96%), and these customer relationships are long term in nature making for very stable cash flows. TCE projects 2-3% annual EBITDA growth for this company, which will be lead by Bevin Wirzba as Pres and CEO. The transaction is expected to be tax free. TCE will introduce Canada's first coastal LNG export terminal, Coastal Gaslink. | Upgrade |
| VivoPower | VVPR (NAS) | Caret Business Unit | TBD | October 27th, 2023 | Q3 2024 | TBD | Vivo is a sustainable energy solutions provider that is spinning off its Caret solar electricity project developement unit. This is a partial spinoff, with Vivo spinning off the majority of its holding, consisting of 10 solar projects, while keeping 2 projects in the form of a joint venture that are valued at $7.7M. Caret services cryptominers and green hydrogen producers. The spinoff may be tax free for Americans, and the date of record is Nov 6th, 2024. | Upgrade |
| Fidelity National Information Services | FIS (NYSE) | Worldpay | TBD | February 13th, 2023 | Q3 2024 | TBD | Fidelity National Information Services (FIS) will spin off Merchant Solutions, to be renamed Worldpay. Worldpay has $2T in annual transaction volume and will continue to focus on the ecom, enterprise, and SMB markets. FIS will refocus on payment solutions in the financial industry. The spinoff should be tax free for shareholders, and allow each company a tighter strategic focus and employee incentives to better capitalize on the growing fintech space. Former Worldpay CEO Charles Drucker will lead the new company. | Upgrade |
| Blackberry | BB (NYSE) | IoT Business | TBD | October 4th, 2023 | Q3 2024 | TBD | Security software provider, BlackBerry, plans to split its IoT and Cybersecurity businesses to pursue a subsidiary initial public offering for the IoT segment. The firm believes that a separately-traded IoT subsidiary will enable shareholders to evaluate BlackBerry’s core businesses more efficiently, enhance the company's operational efficiency, and allow for a tighter strategic focus. The companies operate in growing industries, but their revenues have shrunk, and Blackberry has recently faced negative free cash flows. | Upgrade |
| Baxter | BAX (NYSE) | Renal Business | TBD | January 6th, 2023 | Q3 2024 | TBD | Medical products firm, Baxter, will spin off two divisions, Renal Care and Acute Therapies, into a new public company with $5B in annual revenue in 70 countries. Management expects a simplified operating model, better operating efficiency, better strategic focus, and to accelerate future growth. Their total market, though, is only $15B in size, and growing at 3 to 4% per year. Baxter is expected to follow by selling its BioPharma Solutions business to improve its balance sheet and improve flexibility. The firm expects the spinoff to be tax free. | Upgrade |
| Jacobs | J (NYSE) | Critical Mission & Cyber | TBD | November 20th, 2023 | Q3 2024 | TBD | Jacobs to spin off Critical Mission and Cyber & Intelligence Solutions businesses, then merge spinco with Amentum, creating a government tech solutions firm with ~$13B in revenue. The units contributed $807M to revenue in 2023, Jacobs totaling $10.9B. Jacobs to focus on environmental sectors, energy transition, and advanced manufacturing. John Heller will serve as CEO of the spinco. The merger aims for synergy savings of $50-70M and strong financial position. Jacobs & shareholders will own 58.5%-63% of the company: 51% by shareholders and 7.5-12% by Jacobs. Jacobs expects ~$1B in cash at closing. | Upgrade |
| Lennar Corporation | LEN (NYSE) | Quarterra | TBD | March 17th, 2021 | TBD | TBD | Lennar, a home construction firm to spin off $6-$8B worth of land into a no-debt public company to accelerate their land-light strategy. The SpinCo would option developed homesites to Lennar, recycled capital into new homesites and distribute market appropriate returns to shareholders while Lennar would become a pure play homebuilder. The transaction led by Fred Rothman, is still under ongoing review by SEC but is expected to be tax-free for Americans. | Upgrade |
| Liberty Media Corporation | LSXM (NAS) | Sirius XM | SIRI (NAS) | August 23rd, 2024 | Sept 9th, 2024 | TBD | Liberty Media Corporation’s shareholders approved the split-off of Liberty Sirius XM Holdings Inc, which will merge with Sirius XM Holdings Inc. to form a new public company under the Sirius XM name. Post-transaction, New Sirius will list on Nasdaq as "SIRI" starting Sept 10th, 2024. The deal creates an independent company with no majority stockholder, a single share class, and a majority-independent board. New SiriusXM will benefit from a simplified ownership structure, greater strategic flexibility, and improved trading liquidity. The transaction is expected to be tax-free for stockholders, except for cash received in lieu of fractional shares. | Upgrade |
| WELL Health Technologies Corp | WELL (TSE) | Well Provider Solutions | TBD | August 14th, 2024 | Early 2025 | TBD | Digital health technology company Well Health. plans to spin off and publicly list its SaaS division, Well Provider Solutions (WPS). Founder and CEO Hamed Shahbazi believes this move will unlock significant shareholder value and address undervaluation issues. WPS, as an independent entity, is expected to achieve a higher valuation multiple. Well Health will retain a strong interest in WPS to ensure operational continuity. Well Health reported record Q2 2024 revenues of $243.1 million, up 42% year-over-year. Further details on the spinout will follow. | Upgrade |
| Maple Leaf Foods Inc | MFI (TSE) | Pork Business | TBD | July 9th, 2024 | 2025 | TBD | Maple Leaf Foods Inc. will split into two public companies to drive growth. Maple Leaf Foods will focus on sustainable protein as a consumer packaged goods company, retaining 19.9% ownership in the new Pork Company. This spinoff, led by CEO Dennis Organ, will enhance its pork business. Maple Leaf will continue under President Curtis Frank, COO Adam Grogan, and CFO David Smales, focusing on sustainable meats and U.S. market expansion. | Upgrade |
| Spectrum Brands Holdings Inc | SPB (NYSE) | HPC Business | TBD | July 2nd, 2024 | TBD | TBD | Spectrum Brands Holdings, Inc. filed a confidential Form 10 registration statement with the SEC for the spin-off of its home and personal care (HPC) business. This move accelerates efforts to separate the HPC segment through a spin-off, sale, merger, or other strategic transaction. The filing is a significant step but does not obligate Spectrum Brands to complete the spin-off or any other deal. | Upgrade |
| Berry Global Group Inc | BERY (NYSE) | Global Specialty Materials Business | TBD | February 7th, 2024 | 2nd half of 2024 | TBD | Berry Global will spin off and merge its Health, Hygiene, and Specialties segment, including Global Nonwovens and Films, with Glatfelter Corporation to form a new publicly-traded company, NewCo. Berry shareholders will own 90% of NewCo, with Glatfelter shareholders owning 10%. The deal, valued at $3.6 billion, aims to create a global leader in specialty materials. Berry will receive approximately $1 billion in cash to repay debt. The transaction, structured as a Reverse Morris Trust and expected to close in the second half of 2024, has received necessary regulatory approvals. | Upgrade |
| Western Digital Corp | WDC (NAS) | HDD and Flash businesses | TBD | October 30th, 2023 | 2nd half of 2024 | TBD | Western Digital Corp. announced plans to separate its HDD and Flash businesses into two independent, public companies by the second half of 2024. This move aims to enhance innovation, capitalize on growth opportunities, and improve operational efficiency with distinct capital structures. The separation will be tax-free and is subject to board approval, tax rulings, and regulatory filings. Progress includes establishing global legal entities, transferring contracts, and appointing executive leadership. Western Digital engaged Qatalyst Partners, Lazard, J.P. Morgan, and Skadden for advisory roles. Further updates will be provided as the separation process advances. | Upgrade |
| Unilever plc | ULVR (LON) | Ice cream business | TBD | March 19th, 2024 | Q4 2025 | TBD | Unilever PLC plans to spin off its ice cream business to focus on four core units—Beauty & Wellbeing, Personal Care, Home Care, and Nutrition. The spin-off aims to simplify Unilever's portfolio and save €800 million over three years. The new entity, headquartered in Amsterdam and led by Peter ter Kulve, will become a standalone ice cream business. The separation, set to complete by the end of 2025, requires board, tax, and regulatory approvals. Unilever's ice cream segment has underperformed, prompting this strategic move. | Upgrade |
| International Game Technology PLC | IGT (NYSE) | Global Gaming Lottery Unit | TBD | February 29th, 2024 | Q4 2024/Q1 2025 | TBD | IGT and Everi announced a definitive agreement where IGT will spin off its Global Gaming and PlayDigital businesses to its shareholders, who will then combine these with Everi, creating a diverse global gaming and fintech enterprise. IGT shareholders will own about 54% and Everi shareholders about 46% of the new entity, valued at $6.2 billion. The combined company expects significant long-term value, with projected 2024 revenue of $2.7 billion and Adjusted EBITDA of $1 billion. The deal, subject to regulatory approvals, will have Vince Sadusky as CEO and be headquartered in Las Vegas. | Upgrade |
| Liberty Global | LBTYA (NAS) | Sunrise (Swiss Telecom Unit) | TBD | February 16th, 2024 | Q3 2024 | TBD | Telecom firm, Liberty Global (chaired by the legendary John Malone), to spin off its Swiss telecom, Sunrise. Sunrise will list with a long-dated, low-cost capital structure ($1.7B in debt reduction). Following the spin-off, Liberty Global will retain interests in Telenet, Virgin Media Ireland, joint venture stakes in Virgin Media-O2 and VodafoneZiggo, its Ventures portfolio and remaining cash balance. Sunrise shareholder benefits include optimized capital structures, and distinct investment profiles appealing to broader investor bases including local Swiss/European investors as well as index/passive demand for Sunrise. Sunrise will continue to be led by CEO André Krause. | Upgrade |
| Select Medical Holdings Corp | SEM (NYSE) | Concentra Group Holdings Parent, LLC | TBD | January 3rd, 2024 | Late 2024 | TBD | Select Medical Holdings Corporation plans to spin-off its wholly-owned occupational health services business, Concentra Group Holdings Parent, LLC. This separation aims to create two independent, publicly traded companies. Stockholders will retain their Select Medical shares and receive a pro rata distribution of Concentra stock, intended to be tax-free. Concentra is expected to undertake financing transactions to repay intercompany debt and fund Select Medical’s indebtedness. The separation is subject to market conditions, financing, tax rulings, and board approval. | Upgrade |
| Holcim AG | HOLN (SWX) | US Bulding Materials Business | TBD | January 28th, 2024 | 1st half of 2025 | TBD | Holcim plans to spin off and list its North American business in the US. This move will create a leading pure-play North American building solutions company with over 850 operations. The North American entity aims for more than $20 billion in net sales and $5 billion in EBIT by 2030. Holcim will maintain its leadership in innovative and sustainable building solutions, focusing on decarbonization and growth. The spin-off requires shareholder approval in Q1 2025. Financial advisors include Goldman Sachs International and Perella Weinberg Partners. | Upgrade |
| Continental AG | CON (ETR) | Automotive group sector | TBD | August 5th, 2924 | TBD | TBD | Continental's Executive Board will decide in Q4 2024 on a potential spin-off and stock market listing of its Automotive group. Approval by shareholders in April 2025 could lead to the spin-off's completion by year-end. This move aims to unlock Continental’s full value potential. Automotive, with €20.3 billion sales and 100,000 employees, focuses on software-defined and autonomous vehicles. If approved, shareholders will receive proportionate shares in the new entity, while profitable Tires and ContiTech sectors remain under Continental. | Upgrade |
FAQs Regarding Future Spinoff Events
What is a Stock Spin-Off?
A stock spin-off is a situation in which a company packages up an operating division / subsidiary and divests of the company by distributing common stock to existing shareholders. The end result is a a new publicly traded company.
Will the company provide a spinoff calendar for the event?
A company may provide a calendar about upcoming spinoff events but typically you will have to dig for the information in the company's press releases or official filings. We discuss details like these on our membership forum.
How to find spin-off stocks?
The best way to find upcoming stock spinoffs is to access a free spin-off stock list such as our upcoming spinoffs event calendar. You can also find upcoming spinoffs by monitoring SEC or other regularity filings. Often you can stumble upon them during your regular investment idea sourcing process. Lastly, you can monitor business news for spin off situations.
When will I receive my spinoff shares?
You should receive your spinoff shares by the first trading day, as specified by the parent company. Typically in a company's press release announcing the spin off, the company will list expected dates for the spin off. Later filings will reveal the specific date for the spin off, and you should receive your shares on that day.
How many shares do I get from a spinoff?
The number of shares you receive from an upcoming spinoff varies considerably from event to event. The number of shares is specified by the parent company prior to spinning off the division / subsidiary. To tell how many shares you will get for any specific spin off, monitor the company's filings.
What's the difference between upcoming stock splits and spinoffs?
The difference between upcoming stock splits and spinoffs is that a stock split simply increases the number of outstanding shares trading in the market (without changing the ownership percentages), while an upcoming spinoff intends to create a new publicly traded company. The two events are not at all related so we don't include splits on our upcoming spinoffs event calendar.