Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

Event-Driven

<ul>
<li>Novartis (NVS) has agreed to acquire Avidity Biosciences (RNA) in the first half of 2026.</li>
<li>As part of the transaction, Novartis will acquire Avidity’s RNA therapeutics platform and pipeline focused on neuromuscular diseases.</li>
<li>Avidity’s RNA programs targeting cardiovascular disease will be separated into a new independent company called Atrium (expected to trade under the same RNA ticker) and distributed to existing shareholders.</li>
</ul>


Novartis (NVS) has agreed to acquire Avidity Biosciences (RNA) in the first half of 2026.
As part of the transaction, Novartis will acquire Avidity’s RNA therapeutics platform and pipeline focused on neuromuscular diseases.
Avidity’s RNA programs targeting cardiovascular disease will be separated into a new independent company called Atrium (expected to trade under the same RNA ticker) and distributed to existing shareholders.


NET Lease Office Properties / Event-Driven

<ul><li>Comcast (CMCSA)  spun off its cable networks business, Versant (VSNT) on January 5, 2026.</li><li>The spin-off sold off sharply but has begun to rebound.</li><li>So far, ~65% of VSNT’s shares outstanding have traded.<figure class="editor-figure mceNonEditable"></figure></li></ul>

Comcast (CMCSA)  spun off its cable networks business, Versant (VSNT) on January 5, 2026.The spin-off sold off sharply but has begun to rebound.So far, ~65% of VSNT’s shares outstanding have traded.

<ul><li>Dupont (DD) spin off its electronics business, Qnity (Q), early this week.</li><li>DQnity will be one of the world’s largest pure-play electronic materials companies, with a portfolio spanning semiconductor fabrication materials and advanced electronics/interconnect solutions.</li><li>Qnity’s Semiconductor Technologies division creates consumable products that are used during semiconductor manufacturing.</li></ul>

Dupont (DD) spin off its electronics business, Qnity (Q), early this week.DQnity will be one of the world’s largest pure-play electronic materials companies, with a portfolio spanning semiconductor fabrication materials and advanced electronics/interconnect solutions.Qnity’s Semiconductor Technologies division creates consumable products that are used during semiconductor manufacturing.

Weekly Update (Q, IAC, ANGI, LION, SNREY)

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

Key points (machine generated)<ul><li>Angi, a home services marketplace, was spun off from IAC on April 1, 2025, after significant restructuring.</li><li>The company has improved cash flow and lead quality, aiming for profitable scaling after a challenging period.</li><li>Analysts believe Angi's stock, trading at 6.0-6.5x EBITDA, has a potential 50% upside due to overlooked earnings potential.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)Angi, a home services marketplace, was spun off from IAC on April 1, 2025, after significant restructuring.The company has improved cash flow and lead quality, aiming for profitable scaling after a challenging period.Analysts believe Angi's stock, trading at 6.0-6.5x EBITDA, has a potential 50% upside due to overlooked earnings potential.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

<ul>
<li>
On May 7, 2025, Lions Gate Entertainment (LGF.A/LFG.B) spun off Lions Gate Entertainment (LION).
<figure class="editor-figure mceNonEditable"></figure>
</li>
<li>Lionsgate Studio has carved out a niche as a lean, franchise-focused independent studio that thrives in the mid-budget, IP-driven segment of the entertainment industry.</li>
<li>It punches above its weight by targeting profitable genre films, franchise extensions, and strategic licensing — while avoiding the financial risk of mega-budget blockbusters.</li>
</ul>



On May 7, 2025, Lions Gate Entertainment (LGF.A/LFG.B) spun off Lions Gate Entertainment (LION).


Lionsgate Studio has carved out a niche as a lean, franchise-focused independent studio that thrives in the mid-budget, IP-driven segment of the entertainment industry.
It punches above its weight by targeting profitable genre films, franchise extensions, and strategic licensing — while avoiding the financial risk of mega-budget blockbusters.


Weekly Update (LION, STRZ, MAGN, IAC, ANGI)

United States

ANGI Homeservices Inc. operates an online portal for home improvement. The Company offers a digital platform that connects homeowners with service professionals for home services. ANGI Homeservices serves customers worldwide.

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ANGI Homeservices (ANGI US)

Weekly Update (ANGI, MEDXF, RNA)

Novartis (NVS) has agreed to acquire Avidity Biosciences (RNA) in the first half of 2026. As part of the transaction, Novartis will acquire...

Richard Howe

Weekly Update (NLOP, ANGI, VSNT)

Comcast (CMCSA) spun off its cable networks business, Versant (VSNT) on January 5, 2026.The spin-off sold off sharply but has begun to rebound.

Richard Howe

Weekly Update (Q, IAC, ANGI, LION, SNREY)

Dupont (DD) spin off its electronics business, Qnity (Q), early this week. DQnity will be one of the world’s largest pure-play electronic materials...

Richard Howe

Angi Inc (ANGI) - Thursday, May 29, 2025

Angi, restructured after its IAC spin-off, is improving cash flow and lead quality, with analysts seeing a potential 50% upside as the market...

Value Investors Club (VIC)

Weekly Update (LION, STRZ, MAGN, IAC, ANGI)

On May 7, 2025, Lions Gate Entertainment (LGF.A/LFG.B) spun off Lions Gate Entertainment (LION). Lionsgate Studio has carved out a niche...

Richard Howe

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