ABB Acceleron Spinoff Notes
September 11, 2022 Update
Good Write-Up: ABB: Thoughts On The Accelleron Spin-Off
- Good overview of upcoming spin-off
- I think it could be a good buy at the right price
August 5, 2022 Update
ABB has announced the spinoff of its turbocharging business Acceleron
- The spin will occur on October 3, 2022
- It will be a 1-for-20 spinoff
Selling pressure is going to be huge. The NewCo is only going to be traded OTC in the US through UADRs.
Also the biggest shareholder holds a concentrated portfolio $38B in only 12 stocks. Unlikely that they are going to keep ACLN.
Any tips how to time the entry?
Also there is no information out about the management compensation/incentives, right? I cant seem to find anything yet.
I wish there was more selling pressure! These things are hard to predict..