VivoPower Announces Plans To Spin Off Majority Of Caret Business Unit Portfolio; It Is Intended That Shareholders Receive Special Dividend In Form Of Stock In The Spin Off Entity
Portfolio Pulse from Benzinga Newsdesk
VivoPower has announced plans to spin off the majority of its Caret Business Unit portfolio. The company intends to provide shareholders with a special dividend in the form of stock in the spin-off entity.
October 27, 2023 | 1:01 pm
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VivoPower's decision to spin off its Caret Business Unit could potentially increase the value of its shares. Shareholders are expected to receive a special dividend in the form of stock in the new entity.
Spin-offs often lead to an increase in the parent company's stock value as it allows the company to focus on its core business. Additionally, the special dividend in the form of stock in the new entity could be seen as a positive move by shareholders, potentially leading to increased demand for VivoPower's shares.
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