Reason for Spin-offI just read up on Australis and it seems that the reason they decided on a spin-off its because of one of the three reasons.
1. Either the subsidiary company (Australis) is underperforming or holding back Aurora.
2. Aurora wants to pay off debts (doubt it)
3. Aurora wants to reinvest in it's core operations (likely to be the reason). Sometimes companies will make a new subsidiary company to perform a new area in the operations of the business, and Aurora might do that. But because they are returning capital to its shareholders of ACB i think they are just reinvesting in it's company.
ACB long