The uncertainty of the deal also put in question a spinoff trade in which the Indians would send the left-handed reliever Arthur Rhodes to the Phillies for outfielder Jason Michaels.
A number of other major utility companies have spinoffs or trading and generation units that now earn nearly as much as, or more than, their core utility operations.
Before the spinoff, Rockwell traded at $40.
Barnesandnoble.com is a separately traded spinoff of its sister company Barnes & Noble, whose founder, Leonard Riggio, is chairman of both companies and the elder brother of Stephen Riggio.
Its publicly traded spinoff, Zamil Industrial Investment, manufactures air conditioners (for General Electric, Sanyo and other multinationals) and car batteries (for AC Delco).
Genzyme Transgenics of Framingham, Mass., a publicly traded spinoff of Genzyme Corp., is developing the technology for itself and its drug- company clients and partners.
A spinoff of the prop trading unit would largely mirror a plan by Morgan Stanley to sell a majority stake in FrontPoint Partners, a Greenwich, Conn., hedge fund it bought in 2006, to the partners.
This trade is a spinoff of that earlier deal that also involved the Knicks, Sonics and Lakers and collapsed when the Detroit Pistons pulled out at the last moment.
Virtue is a spinoff of ASR, a trade show focused on "action sports" like skateboarding and surfing.
And the spinoff's shares often trade above the parent's, defeating the purpose of the separation in the first place.
