RE: They ve done it before Thats correct.
I was a shareholder of the larger parent which sold out in 2007 the Process Group for about $33 per share.
As part of the deal, they spun out to shareholders Water Treatment and Pulp and Paper Groups as GLV.
GLV started trading in early 2008 and traded in the $13 range at which point I sold.
GLV is much larger .
What I am hoping for is for them to sell the Water Group and then spin out the P & P to shareholders.
Total value would be in excess of $10 per share.