What Top Investors Knew Early about these Spinoffs – Metso, Vivendi, Kering,
Sanofi, United Technologies – TSR (The Spinoff Report®)
NEW YORK & LONDON -- April 1, 2014
Huge valuation recovery in stocks over the last few years along with a
continued market volatility outlook for 2014 means multiple stock catalysts
exist in a hidden number of companies.
Findings within the latest Break-Up valuation study by leading global catalyst
investment research specialists, TSR, has revealed and shortlisted north of
100 companies, from all sectors and market capitalizations above $4bn, that
would generate better value for shareholders by breaking up.
“It’s never been done before now,” comments Ryan Mendy of TSR. “From over
1,500 leading companies above $4bn, we have quantitatively and technically
analyzed the value that can be potentially unlocked, many of which are prime
M&A candidates,” he continued.
To enquire about the potential break-up study, go to
Today, Weir Group, the Scottish engineering company confirmed its proposed
takeover of Metso for more than €4bn (~€30.00 per share for Metso) as it
expands its industrial pumps and valves market, adding rock crushers for the
mining industry and valves for liquefied natural gas, targeting a broader
range of customers.
Other than the Carl Icahn backed, activist fund Cevian Capital (largest
shareholder, 13.35%) who have gained solid credibility in industrial space and
have been pushing Metso to separate for nearly a decade, TSR have been the
only advisor both pre and post Spinoff that has significantly urged the strong
positives of the demerger to the world’s top investors.
Analysis uncovering a misunderstood, high margin pure-play industrial company,
especially beaming light on the potential valuation upside from the management
changes and potential M&A attraction post Spinoff. TSR ultimately predicted
Metso to perform in line with another successful European Spinoff, Vesuvius
Plc, which has delivered notable returns to its shareholders since.
Coincidentally, this was another Cevian Capital activist break-up.
With investors massively sceptical about IPOs, there’s an historic number of
newly listed mid-large cap companies due on the key international indices in
the next 12 months via a Spinoff transaction, which only means it’s going to
be extremely tough on analysts, fund managers and traders alike.
Other recent examples of TSR’s Spinoff Analysis
Metso (MEO1V), Vivendi (VIV), Kering (KER), Sanofi (SAN) and from the US,
United Technologies (UTX)
The Spinoff Report®
Jim Osman, CEO
New York: +1-212-714 7046
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