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>Fortive (FTV) spun off Ralliant (RAL) on Monday June 30, 2025. Shareholders received a share of RAL for 3 shares of FTV owned.</li><li>Ralliant generated $2.2B of revenue in 2024.</li><li>Key segments: 56% of sales in Sensors &amp; Safety (power‑grid monitors, defense, critical-environment sensors) and 44% in Test &amp; Measurement (electronic instrumentation, systems, software).</li></ul>

Fortive (FTV) spun off Ralliant (RAL) on Monday June 30, 2025. Shareholders received a share of RAL for 3 shares of FTV owned.Ralliant generated $2.2B of revenue in 2024.Key segments: 56% of sales in Sensors &amp; Safety (power‑grid monitors, defense, critical-environment sensors) and 44% in Test &amp; Measurement (electronic instrumentation, systems, software).

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Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

<ul>
<li>Fortive completed the spin-off of Ralliant on June 28, 2025. The two stocks began trading on the NYSE under the ticker 'FTV ' and 'RAL'. </li>
<li>As part of the transaction, FTV (ex RAL) received $1.15 billion in dividend from Ralliant Corp. RAL assumed debt to pay the cash dividend to FTV.</li>
<li>Of the two, Fortive (ex RAL) seems a better investment opportunity and could attract higher investor interest given its higher margin profile, reducing debt and share buyback program.</li>
</ul>


Fortive completed the spin-off of Ralliant on June 28, 2025. The two stocks began trading on the NYSE under the ticker 'FTV ' and 'RAL'. 
As part of the transaction, FTV (ex RAL) received $1.15 billion in dividend from Ralliant Corp. RAL assumed debt to pay the cash dividend to FTV.
Of the two, Fortive (ex RAL) seems a better investment opportunity and could attract higher investor interest given its higher margin profile, reducing debt and share buyback program.


Fortive or Its Spin-Off Ralliant - Which One Is a Better Buy?

<ul><li>This week, I recommended a new idea: Buy International Gaming Technologies.</li><li>If you are interested in buying IGT, I would recommend doing so on Monday.</li><li>IGT is in the process of selling its Gaming division for $4BN, and the transaction could close as soon as Tuesday, July 1.</li></ul>

This week, I recommended a new idea: Buy International Gaming Technologies.If you are interested in buying IGT, I would recommend doing so on Monday.IGT is in the process of selling its Gaming division for $4BN, and the transaction could close as soon as Tuesday, July 1.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/holcim-ltd-7f60ceaa-51af-4f85-ac5f-114595eb04f3" target="_blank" data-smartkarma-citation="entities:27916" rel="noopener">Holcim (HOLN SW)</a> spun off its construction materials and solutions business into a standalone company on Friday, June 20th.</li>
<li>The new company is called <a href="https://www.smartkarma.com/entities/amrize-ltd" target="_blank" data-smartkarma-citation="entities:45209" rel="noopener">Amrize (AMRZ US)</a>. </li>
<li>The first day of trading will be Monday, June 23, 2025.</li>
</ul>



Holcim (HOLN SW) spun off its construction materials and solutions business into a standalone company on Friday, June 20th.
The new company is called Amrize (AMRZ US). 
The first day of trading will be Monday, June 23, 2025.


<ul><li>Warner Bros. Discovery (WBD) announced on June 9, 2025, its plan to split into two independent, publicly traded companies by mid-2026.</li><li>Global Networks will be the entity that is spun-off. It will consist of legacy cable TV and digital networks, such as: CNN, TBS, TNT (including TNT Sports)...</li><li>CFO Gunnar Wiedenfels will become CEO of this spun‑off entity.<figure class="editor-figure mceNonEditable"></figure></li></ul>

Warner Bros. Discovery (WBD) announced on June 9, 2025, its plan to split into two independent, publicly traded companies by mid-2026.Global Networks will be the entity that is spun-off. It will consist of legacy cable TV and digital networks, such as: CNN, TBS, TNT (including TNT Sports)...CFO Gunnar Wiedenfels will become CEO of this spun‑off entity.

United States

Fortive Corporation operates as a diversified industrial growth company. The Company focuses on professional instrumentation, automation, sensing, and transportation technologies. Fortive serves customers worldwide.

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Fortive (FTV US)

Ralliant Spin-off Deep Dive

Fortive (FTV) spun off Ralliant (RAL) on Monday June 30, 2025. Shareholders received a share of RAL for 3 shares of FTV owned. Ralliant generated...

Richard Howe

Fortive or Its Spin-Off Ralliant - Which One Is a Better Buy?

Fortive completed the spin-off of Ralliant on June 28, 2025. Regular trading began on June 30, 2025. Fortive received a $1.15 billion dividend...

GSBR Research

Weekly Update (AMRZ, UNTC, MEDXF, IGT)

This week, I recommended a new idea: Buy International Gaming Technologies. If you are interested in buying IGT, I would recommend doing so on Monday.

Richard Howe

Weekly Update (AMRZ, LION, FTV)

The AMRZ spin-off aims to capitalize on the higher valuation multiples of US building supply companies compared to their European counterparts.

Richard Howe

Weekly Update (WBD, STRZ, MODG)

Warner Bros. Discovery (WBD) announced on June 9, 2025, its plan to split into two independent, publicly traded companies by mid-2026.

Richard Howe

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Ralliant Spin-off Deep Dive

Fortive (FTV) spun off Ralliant (RAL) on Monday June 30, 2025. Shareholders received a share of RAL for 3 shares of FTV owned. Ralliant generated...

Richard Howe

Fortive or Its Spin-Off Ralliant - Which One Is a Better Buy?

​Fortive completed the spin-off of Ralliant on June 28, 2025. Regular trading began on June 30, 2025. Fortive received a $1.15 billion dividend...

GSBR Research

Weekly Update (AMRZ, UNTC, MEDXF, IGT)

This week, I recommended a new idea: Buy International Gaming Technologies. If you are interested in buying IGT, I would recommend doing so on Monday.

Richard Howe

Weekly Update (AMRZ, LION, FTV)

The AMRZ spin-off aims to capitalize on the higher valuation multiples of US building supply companies compared to their European counterparts.

Richard Howe

Weekly Update (WBD, STRZ, MODG)

Warner Bros. Discovery (WBD) announced on June 9, 2025, its plan to split into two independent, publicly traded companies by mid-2026.

Richard Howe

Fortive completed the spin-off of Ralliant on June 28, 2025. Regular trading began on June 30, 2025. Fortive received a $1.15 billion dividend...