Spin Cycle: CEOs Dizzying Billion-Dollar Splits Rock Corporate World

The world of corporate spinoffs is whirling faster than ever, with CEOs setting their sights on bigger, more impactful deals that do more than just spin off the slow-moving parts of their business empires.

Here's the spin on what's happening:

The average spinoff has grown from a $1 billion deal before 2008 to a weightier $2.5 billion today. These spinoffs have clearly been hitting the corporate gym and bulking up!

Boards and C-suites are spinning into action before activist investors can enter stage left. They're like DJs, cueing up the next track before the crowd even realizes the current one is ending.

We're seeing some creative spins, too. European companies are even pirouetting their divisions onto U.S. stock exchanges - talk about an international dance move!

Big names are spinning up a storm:

• Comcast is planning to send its cable networks into a bold new orbit.

• FedEx is parceling out its freight division, potentially delivering $20 billion in value.

• Honeywell might let its aerospace division take flight solo, with a possible $90-120 billion valuation - that's one high-flying spinoff!

The numbers are spinning upwards: The U.S. saw 20 spinoff IPOs raising $12.8 billion last year, doubling the previous year's figures. Globally, it's an even bigger spinning spectacle.

What's making this corporate merry-go-round spin faster? CEOs are feeling steadier after the COVID dizziness and are asking, Where do we want our business to land when this 10-year spin cycle is done?

It's not just about spinning off the slow parts anymore. These spinoffs are more like launching new, potentially revolutionary satellites into the business universe. Today's spinoff could be tomorrow's supernova!

So keep your eyes on this spinning business world - it's only picking up speed!

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