Enron Spin-off Clouds
Traders Magazine, February 2002
The stakes are growing for spin-offs, an increasingly popular IPO vehicle used by corporate conglomerates to raise cash. Some six IPO spin-offs are expected this year, including deals by PricewaterhouseCoopers and Merck & Co. Each is expected to raise over $1 billion. Over the last two years, spin-offs have outperformed the market, according to Spin-Off Advisors LLC, a Chicago-based firm that tracks spin-offs and manages The Spin-Off Fund hedge fund.
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