A Tornado of Activity: Did Chicago Spinoffs Enhance Value?
Wednesday, March 5, 2014 from 4:30 PM to 7:00 PM (CST)
Chicago’s public companies have had more than their fair share of spinoffs in recent years. Abbott’s spinoff of Hospira and AbbVie; Kraft into Kraft Foods and Mondelez; Motorola into Motorola Solutions and Motorola Mobility; Fortune Brands into Beam and Fortune Brands Home & Security; Sara Lee, first with Hanes Brands several years ago and more recently with Hillshire Brands and D.E. Master Blenders 1753 N.V.
What circumstances prompted these companies to first accumulate these assets and then decide to split them up to better clarify and enhance shareholder value? How much did activist shareholders affect the boards and managements in their decisions? How did the managements and staffs get split up between companies? How did the companies communicate spinoffs to gain shareholder approval? Hear firsthand from participants in some of Chicago’s most notable transactions, as well as the financial experts who assess value on a continual basis.
4:30 - 5:00 p.m. Registration & Networking
5:00 - 6:00 p.m. Program
6:00 - 7:00 p.m. Networking
VP, Investor Relations
Shep serves as the VP of Investor Relations for Motorola Solutions (MSI). He is responsible for executing MSI’s global investor communications program. Shep also provides guidance regarding MSI’s operating results and business strategies to institutional investors and sell-side securities analysts. Prior to MSI, he spent 12 years at Dell, Inc. in various roles, including Investor Relations, Corporate Planning, Services Marketing and Corporate Audit. Shep earned an MBA in finance from Vanderbilt University and a bachelor of science in accounting from Kansas State University. He is also a CPA in the state of Texas.
Vice President - Investor Relations & Corporate Communications
Fortune Brands Home & Security
Brian joined Fortune Brands Home & Security in June 2011. Previously, he served as Vice President, Investor Relations and IMO for Hanesbrands since the company's spin-off from Sara Lee in mid-2006. Prior to that, Brian was Vice President of the Transition Team that led the Hanes spin-off efforts. He was previously Executive Director of Investor Relations at Sara Lee and served in various management roles with Sara Lee Branded apparel, which included leading large customer sales teams and directing financial planning and analysis. Brian graduated from West Virginia University with a BS in finance, and received his MBA from the University of Tampa.
Jake Welch is a Vice President at ValueAct Capital. At ValueAct, Jake has been directly involved in the investment or monitoring of several of the firm’s core holdings including Microsoft, Motorola Solutions, Rockwell Collins, Invensys PLC, Misys PLC and Sara Lee. Prior to joining ValueAct in 2009, Jake worked as an investment analyst in the private equity division of Blackstone. He has a B.A. in economics from Harvard College where he graduated cum laude.
Jeff Bailey, the editor of YCharts, known as the financial terminal of the web, has been a financial journalist for more than 30 years. He was a reporter, bureau chief and columnist in his 20 years at the Wall Street Journal. He also worked as a reporter at the New York Times and Los Angeles Times and was the editor of Crain's Chicago Business. Bailey has covered many companies and industries during crisis periods, including Chicago's futures exchanges during the FBI sting investigation (1989-91); Waste Management during its accounting scandal (1990s); Continental Illinois during its collapse (1984); and the airline industry during peak fuel-cost times (2006-08).
P.O. Box 268611
Chicago, IL 60626
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