>When companies are split, sometimes they gain value and sometimes they lose it Evidence suggests that spinoffs produce quite significant gains in shareholder

>When companies are split, sometimes they gain value and sometimes they lose it Evidence suggests that spinoffs produce quite significant gains in shareholder value, here is one such study[1]. This isn't really that surprising as large conglomerates are slow, have managerial issues and are difficult to price and generally hold their best performers down. [1]https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1875857 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1875857