The tobacco carve-out
is especially counterproductive because its economic importance is so small.
Thompson's (2010) conclusion that initial return of carve-out
IPOs can be predicted based on the public information available before the offer day corroborates the evidence.
In Section V, we outline econometric issues including formulating a set of panel data econometric models to assess empirically the effects of carve-out
implementation on new technology utilization.
Here, A and B sold their right to all remaining lottery payments; thus, under the Third Circuit's analysis, the sale is a vertical carve-out
, which could indicate either capital-gain or ordinary-income treatment.
have one distinguishing characteristic, it is their emphasis on alternate dispute resolution and the central role of the carve-out
ombudsman in reducing attorney involvement and friction costs.
Unlike a spin-off or equity carve-out
, a tracking stock doesn't create a new legal entity.
An equity carve-out
is the sale by a public company of a portion of one of its subsidiaries' common stock through an initial public offering.
The distinctive feature of equity carve-outs
that motivates our study is that, although all equity carve-outs
result in the creation of a specialized equity claim, carve-out
parents typically relinquish only partial control over the restructured assets.
Sterling's long history executing corporate carve-outs
, the first of which occurred in 1984, was a critical factor in our success with the Liqui-Box investment," said Greg Elliott, Partner at The Sterling Group.
Specifically, he said, the for-profit carve-outs
used by many managed care companies often deny covered care by claiming it is not medically necessary and hoping the psychiatrist won't challenge the denial.
Allen and McConnell (1998) examine the use of the carve-out
stock offering proceeds for a sample of 188 equity carve-outs
over 1978-1993 and find that announcement-period gains for parents are higher if the proceeds are paid out than if they are retained.
Sean Cunningham, Managing Director at GTCR stated, The acquisition of Cole-Parmer from Thermo Fisher underscores GTCR s extensive experience in corporate carve-outs
, and highlights GTCR s continued enthusiasm for investing in companies that serve the broader life sciences industry.