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May 22, 2014
May 22, 2014
May 22, 2014
May 22, 2014

Oil States ‘man-camp’ spinoff faces uncertain growth outlook

NEW YORK (Reuters) – As Oil States International Inc (OIS.N: Quote, Profile, Research, Stock Buzz) prepares to spin off its oilfield housing unit next week, the new company’s uncertain growth prospects cast doubt on whether the energy industry’s trend toward such corporate breakups is a true “one-size-fits-all” solution.

The spin-off, which follows pressure from hedge fund Jana Partners LLC in an attempt to unlock value, is expected to be quickly followed by a conversion to a real estate investment trust (REIT). That step would bring tax benefits but limit cash available for growth projects.

May 22, 2014
May 22, 2014
May 22, 2014
May 22, 2014
May 22, 2014
May 22, 2014