Factbox: Some of the biggest splits in Corporate America

HPQ Silicon

09/11/2021 23:38

(Adds stock trading performance since splits, as of Nov. 9
market close)
    Nov 9 (Reuters) - General Electric Co  GE.N  said on Tuesday
it would split into three public companies focusing on energy,
healthcare and aviation as the industrial conglomerate seeks to
simplify its business, pare debt and enhance its battered share
price.  urn:newsml:reuters.com:*:nL4N2S02VG
     The move comes in the wake of some major U.S. corporate
split-ups in the past, as listed below.
  
 YEAR    COMPANY               
 1984    AT&T Inc  T.N         In 1974, the U.S. government
                               filed an antitrust lawsuit
                               against AT&T Corp because it had
                               a monopoly on telephone lines.
                               After eight years of litigation,
                               the two sides reached a
                               settlement that led to AT&T
                               giving up control of its
                               regional operating companies, or
                               Baby Bells. (https://reut.rs/3mWDI3Q)
 2015    Ebay Inc  EBAY.O      In June 2015, e-commerce firm
                               eBay Inc  EBAY.O  approved the
                               spinoff of PayPal  PYPL.O ,
                               which is up 431% since it began
                               trading. EBay rose 168% during
                               that time frame. (https://www.ebayinc.com/stories/news/ebay-inc-board-approves-completion-of-ebay-and-paypal-separation/)
 2015    Hewlett Packard Co    In November 2015,
          HPE.N                Hewlett-Packard split into two
                               listed companies. Hewlett
                               Packard Enterprise  HPE.N ,
                               which comprises the corporate
                               hardware and service business,
                               while Hewlett-Packard, which was
                               renamed HP Inc  HPQ.N ,
                               comprises the computers and
                               printers business. Both stocks
                               have risen since that time with
                               HPE up 81.5% and HPQ up
                               159.6%.(https://reut.rs/3og9c4i)
 2016    Honeywell             In September 2016, Honeywell
         International         International Inc, a U.S.
          HON.O                manufacturer of aerospace parts
                               and climate control systems,
                               approved the spinoff its $1.3
                               billion resins and chemicals
                               operations into a standalone
                               company, AdvanSix Inc  ASIX.N .
                               That stock is up 200.4% since it
                               began trading, while Honeywell
                               rose 105% during that time
                               period. (https://reut.rs/3F36dTY)
                               
                               
 2019    DuPont  DD.N          In April 2019, DowDuPont Inc
                               spun off its material science
                               division Dow, Inc  DOW.N ,
                               followed in June 2019 with
                               agriscience company Corteva
                                CTVA.N , as part of its breakup
                               into three companies. Since the
                               starts of their trading, Dow is
                               up 13.9%, Corteva is up 77.4%,
                               but DuPont was only about 4.6%
                               higher. (https://reut.rs/31McHYU)
                               
 2020    United Technologies   In March 2020, United
                               Technologies Corp approved the
                               spinoffs of Carrier Global
                               Corporation  CARR.N  and Otis
                               Worldwide Corporation  OTIS.N .
                               Carrier has climbed 312% and
                               Otis rose 89.9% since they
                               commenced trading. (https://www.prnewswire.com/news-releases/united-technologies-board-of-directors-approves-separation-of-carrier-and-otis-and-declares-spin-off-distribution-of-carrier-and-otis-shares-301021893.html)
                               
 2021    IBM  IBM.N            IBM spun off a large chunk of
                               its company, the managed and
                               infrastructure business, as
                               Kyndryl  KD.N  in November 2021,
                               as the century-old tech company
                               shed its slow-growing business
                               to focus on high-margin cloud
                               and artificial intelligence
                               businesses.  urn:newsml:reuters.com:*:nFWN2RU28U Kyndryl
                               was down 27% since it began
                               trading earlier this month and
                               IBM dipped 0.47% since then. 
 

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
GE, an industrial conglomerate pioneer, to break up   
 urn:newsml:reuters.com:*:nL4N2S02VG
TIMELINE-From Edison to Welch to Culp: the rise and fall of GE  
  urn:newsml:reuters.com:*:nL4N2S0434
GRAPHIC-GE investors hope split remedies years of lackluster
performance     urn:newsml:reuters.com:*:nL1N2S023K
BREAKINGVIEWS-GE breakup is common sense, at least in theory   
 urn:newsml:reuters.com:*:nL1N2S015U
FACTBOX-Key financial facts about General Electric Co   
 urn:newsml:reuters.com:*:nL4N2S03PP
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Reporting by Chavi Mehta and Tiyashi Datta in Bengaluru and
Karen Pierog in Chicago and Lewis Krauskopf in New York
Editing by Matthew Lewis)
 ((karen.pierog@thomsonreuters.com; +1 312 408 8647; Reuters
Messaging: karen.pierog.thomsonreuters.com@reuters.net))