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

Richard Howe

After graduating from Trinity College in Connecticut, I joined Eaton Vance full-time as an equity research associate. While at Eaton Vance, I completed the Chartered Financial Analyst program and earned the CFA designation. In 2013, I left Eaton Vance to join Citi Private Bank to work in the private equity research group.

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>On October 30, 2025, Thyssenkrupp AG (TKA) spun off 49% of its stake in its naval/-marine defense-systems business, TKMS AG &amp; Co. (TKMS).</li><li>TKMS stands out as Germany’s only full-systems provider for non-nuclear submarines, surface vessels and maritime electronics.</li><li>The spin-off is part of a broader move by Thyssenkrupp to unlock shareholder value by simplifying its conglomerate structure.</li></ul>

On October 30, 2025, Thyssenkrupp AG (TKA) spun off 49% of its stake in its naval/-marine defense-systems business, TKMS AG &amp; Co. (TKMS).TKMS stands out as Germany’s only full-systems provider for non-nuclear submarines, surface vessels and maritime electronics.The spin-off is part of a broader move by Thyssenkrupp to unlock shareholder value by simplifying its conglomerate structure.

Thyssenkrupp Marine Systems (TKMS) Spin-off Deep Dive

ThyssenKrupp AG

Thyssenkrupp Marine Systems (TKMS) Spin-off Deep Dive