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Here at Strategic Tech Investor, we're big fans of what are known as spin-off deals because they unlock a lot of hidden value – and give shrewd investors market-beating gains.
Take Eaton Corp. PLC (NYSE:ETN), which is looking for a way to do all it can to brighten its business – and shareholder returns.
That's why the global leader in power management technologies announced it is spinning off its LED lighting business.
The move is designed to allow Eaton to focus on its core technologies, while the lighting unit can focus more heavily on a market forecast to be worth $45 billion by the end of 2023.
By doing so, Eaton is keeping the bulk of its more than $23 billion in global sales in-house, while shedding an operation that, last year, had sales of more than $1.8 billion.
I believe this is a great move for the company and its investors.
And today, I'm going to reveal a little-known way to play this highly lucrative trend in spin-offs…