From Investopedia: "Historically, spinoffs have
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"Historically, spinoffs have been good for investors. On average, both the parent company and the subsidiary outperform the market during the 24-month period following a spinoff. Investors who have been able to withstand the unpredictability of the initial days and weeks have seen nice gains. New investors looking to take advantage of a spinoff's historical benefits must choose between investing in the parent, the subsidiary or both."