AMKBY

KLX Inc. Spin-off (KLX Energy Services)

2018-11-01T14:26:24-04:00

Spin-off Overview KLX Inc. (KLXI), which is in the process of being acquired by Boeing (deal was recently approved), will be spinning out its energy services business, KLX Energy Services (KLXE) in the middle of September. First day of trading will be September 17, 2018. When-issued trading will begin on Wednesday August 29, 2018 [...]

A.P. Moeller-Maersk (Oil Drilling Business)

2018-08-28T11:46:05-04:00

Spin-off Overview On August 19, 2018, A.P. Moeller-Maersk (CPH: MAERSK-B) announced that it would be spinning off its Oil Drilling business. Expected timing is Q3 2019. Source: A.P. Moeller-Maersk Slide Deck Background: From Bloomberg: A.P. Moeller-Maersk is planning to spin off its drilling unit instead of pursuing a sale as the Danish conglomerate shifts focus [...]