Spin-Offs

MGM Resorts International (MGM) recently decided to spin off part of its real estate portfolio into a REIT known as MGM Growth Properties LLC (MGP).
On Feb. 24, 2016, Fiesta Restaurant Group (FRGI) announced a tax-free spin-off of Taco Cabana into a new publicly traded stock.
In early February, shares in Ferrari (RACE) plunged more than 10% to $34.98 after the Italian supercar maker issued conservative guidance for its first full year independent from Fiat Chrysler (FCAU), sending the shares to their lowest level since it’s Oct. 21 initial public offering.
Hilton Worldwide Holdings Inc. (HLT), one of the world’s largest hospitality companies, plans to separate its real estate assets into a publicly traded entity.
On Oct. 1, 2015, The Madison Square Garden Co. completed its spin-off from the new media-centric MSG Networks (MSGN) and is trading under the ticker symbol MSG.
On Oct. 21, 2015, Darden Restaurants (DRI)—with a stock value of $64.09 and market capitalization of $8.2 billion—announced details related to the planned spin-off of Four Corners Property Trust Inc., a separate publicly traded real estate investment trust (REIT).
On Sept. 28, 2015, SPX Corp. (SPXC, formerly SPW) completed the spin-off of SPX Flow Inc. (FLOW).
In early October 2014, Hewlett-Packard Co. (HPQ) announced a plan to split into two distinct, publicly-traded companies.
Yahoo continues to take steps toward a tax-free spin-off of Yahoo’s stake in Alibaba Group, into an entity called Aabaco Holdings.
The parts can be greater than the whole.