Challenge just filed to SD’s gay marriage ban, leaving ND only state w/out challenge. With that & abortion, culture wars brewing in #Bakken?
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.