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Sep. 28—TICONDEROGA — On Friday, the International Paper Ticonderoga Mill will be renamed to Sylvamo, the spinoff company for IP's papermaking division. A ceremony is planned to take down the ...
On Oct 1, 2021 a spin-off was completed creating a stand alone company by the name of Sylvamo. Sylvamo's headquarters are also located in Memphis TN. Divested were the Printing & Communications (White Uncoated Freesheet) mills in Ticonderoga NY, Eastover SC, Mogi Guacu Brazil, Luiz Antonio Brazil, Tres Lagoas Brazil, Saillat France, and ...
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Hammermill Paper Company is an American paper manufacturer originally founded in 1898 as the Ernst R. Behrend Company. The company was purchased in 1986 by International Paper Company, where the namesake survived as a brand of paper.
Spin-off entity Transaction value (in billions USD) Inflation adjusted (in billions 2022 USD) Ref 1 2024 General Electric Company: GE Aerospace, GE Vernova, GE Healthcare: 191 191 [1] 2 2008 Altria Group: Philip Morris International: 108 141 [2] [3] 3 2000 BCE: Nortel: 60 97 [3] 4 2013 Abbott Laboratories: AbbVie: 56 67 [3] 5 2015 eBay: PayPal ...
Spinoffs can impact share prices even before the deal is executed. When a spinoff is first announced, the parent company's share price might rise if news of the transaction is greeted with enthusiasm.
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MDU was moved from the S&P 400 to replace it as it announced its intention to spin-off a company at a later date. [14] October 9, 2024: HIMS: Hims & Hers Health: VGR: Vector Group: HIMS replaced VGR after it was acquired by JT Group. [15] October 4, 2024: CRGY: Crescent Energy Company: PRFT: Perficient: CRGY replaced PRFT after it was acquired ...