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The Interval Research laboratory, which at one point had swelled to employ as many as 150, was formed with the intent to spin off business enterprises.
In December 1996 Shapiro announced Monsanto's intent to spin off its $3 billion (sales) chemicals business, the old heart of the company, to shareholders sometime in 1997.
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Rockwell International plans to spin off its $2.4 billion (sales) avionics and radio group, with the intent of making the radio group more attractive to an outside acquirer.
So in the 1995 annual report Welch preempted the speculation by writing, "[Our] answer to the trendy question, 'What do you intend to spin off?' is 'cash and lots of it….' We are a company intent on getting bigger, not smaller".
The company is seeking to spin off that unit.
Sprint too explored whether to spin off its Nextel unit.
Investors wanted Rhône-Poulenc to spin off its chemicals business.
Lucent also plans to spin off its microelectronics division.
CMGI recently filed to spin off Alta Vista.
MoviePass parent company to spin off MoviePass.
The decision to spin off Zimmer, then, is particularly interesting.
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