We expect investors to further benefit

In May 2016, cardboard maker WestRock spun off its Ingevity chemical business to create two pure-play firms. Shareholders received one Ingevity share for every six WestRock shares they held.
WestRock recently merged with Irish packaging firm Smurfit Kappa. At the time of the merger, investors enjoyed… Read More

Alcoa’s split still has two survivors

To unlock value for investors, on November 1, 2016, the old Alcoa Inc. split into two separate companies—Arconic Inc. (focused on manufactured aluminum products) and spinoff Alcoa Corp. (focused on bulk aluminum). For every three of the old shares investors held, they received three shares… Read More