Event-Driven Stocks

Spin-off

Sector
Energy
Industry
Energy
Exchange
NYSE
State of incorporation
Record date
Distribution date
Ratio
Parent sector
Form
10-12B
Filed
September 21, 1998

Spin-off signals

score 0/3 favorable · factors, not advice
  • Tax-basis reportNone found

    A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.

  • Insider buying (post-spin)None recorded

    Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.

  • Time since spin-off27.7 years

    Studies find the spin-off return premium concentrates in roughly the first one to three years.

Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗

Filings & documents

Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.