• History of the parent company leading up to the proposed divestiture
• Description of the spin-off transaction, including share ratios and target dates
• An analysis of the tax status and progress of shareholder and regulatory approvals
• Parent company business description and analysis
• Analysis of subsidiary businesses and contribution to parent sales and profit

FLASH SERVICE

On the day the divestiture is announced, The European Spin-Off Report transmits an email
containing available logistical information and an initial opinion. Additionally, throughout the
spin-off process, emails will be sent between European Spin-Off Calendar publication dates to
update clients with time-sensitive and material information regarding the details of the
divestiture.

COMPREHENSIVE SPIN-OFF ANALYSIS

Comprehensive analysis of every spin-off will provide the earliest available projections and
valuations for these forthcoming independent companies. Investment opportunities are
highlighted within subsidiaries to be divested, as well as parent companies that will benefit from
these pending transactions.

SPIN-OFFS OF TOMORROW

This report provides a detailed overview and analysis of companies believed to be candidates for
pursuing a future spin-off, split-off or other form of divestiture of one or more subsidiaries or
business segments. The authors endeavor to provide a unique viewpoint regarding the rationale
for, and implications of such transactions from a strategic, financial and valuation perspective.
The report will be published periodically as spin-off candidates are identified, and will be
followed by additional reports when anticipated transactions actually occur.