spin-off

Cablevision May Spin Off Rainbow Unit

Cablevision Systems Corp. (CVC) is considering spinning off its Rainbow unit, which includes cable channels AMC, Sundance and IFC. The company may spin off the unit to its shareholders as a "tax-free pro-rata distribution," Cablevision said in a statement. The deal would be completed by mid-year 2011.

Tyco Registers to Spin Off Electrical & Metal Products Unit

Tyco International Ltd. filed documents with the Securities & Exchange Commission to spin off its Electrical & Metal Products division, which accounted for about 8% of its revenue last year. The company previously announced plans to spin off the unit in April.