Intuitive Surgical: Intuitive Surgical was spun off
from SRI in 1995.
In addition to USA SportsNet, the report goes on to recommend that two other subsidiaries be spun off
as independently public traded companies.
Operations of ElderTrust assets that are leased to Genesis would be spun off
to HealthCare as part of the transaction and, as a result, ElderTrust has certain approval rights with respect to the Spin-Off.
As alleged in the complaint, in 1996, CNF spun off
CFC, likely knowing that CFC (1) was unlikely to survive more than a few years because the spun-off company had lost tens of millions of dollars in the two years leading up to the spin-off, (2) was undercapitalized to sustain further losses in the future, and (3) was unable to compete in a largely non-unionized market.
Lieff, Cabraser, Heimann & Bernstein, LLP, and Lewis & Feinberg, PC, Announce the Filing of Federal Class Action Lawsuit Against CNF, Inc. and Towers, Perrin, Forster & Crosby, Inc
Health-Pak will be spun off
to existing Health-Pak management, investors and Life Energy shareholders, pro-rata, in the nature of a stock dividend distribution.
owned by Guardian Technologies will be spun off
to Guardian Technologies shareholders, pro rata, in the nature of a stock dividend distribution.
CSG), the new holding company created to be the parent of Aon Corporation's (NYSE: AOC) insurance underwriting subsidiaries, which is expected to be spun off
in the third quarter of 2002 pending regulatory and board approvals.
As noted in the filing, the name of the company being spun off
is United Mortgage Holdings, Inc.