No snazzy intro write-up today, just the best compilation of Special Situation News that you'll find in the world. Enjoy and have a great weekend! . Spinoffs: Air Products & Chemicals Spin Off Materials-Technologies Business http://www.wsj.com/articles/air-products-chemicals... Is The IRS Moratorium On Tax-Free Spins Good News For Net-Lease REITs? http://seekingalpha.com/article/3518126-is-the-irs... Ominous rumblings from the IRS about Alibaba spinoff leave Yahoo groping for a path forward http://www.bloomberg.com/news/articles/2015-09-17/... W. R. Grace CFO: We're not splitting so we can be acquired http://www.bizjournals.com/baltimore/news/2015/09/... Crunch Time For The Dolans- Altice To Buy Cablevision, AMC Networks May Buy Starz,MSG Spinoff Set http://www.stockspinoffs.com/2015/09/17/crunch-tim... Stifel sees challenges ahead for $MSG media #spinoff http://seekingalpha.com/news/2782276-stifel-sees-c... Elliott seeks partner in taking ADP #spinoff CDK Global private http://www.reuters.com/article/2015/09/16/us-cdkgl... Baxter #spinoff Baxalta executive says will not do defensive M&A http://www.reuters.com/article/2015/09/16/us-baxal... PetroChina's slump seen ignoring value of #pipeline spinoff http://www.worldoil.com/news/2015/9/15/petrochinas... HP to eliminate up to 30,000 more jobs as part of #spinoff $HPQ http://registerguard.com/rg/news/local/33510611-75... IRS Raises Red Flag on Real-Estate Spinoffs http://www.wsj.com/articles/irs-raises-red-flag-on... Windstream: Negative Impact Of REIT Spinoff $WIN $CSAL http://seekingalpha.com/article/3511796-windstream... . SPACs: Lasry's Boulevard Acquisition II to raise $350M for acquisition, possible turnaround play http://www.thedeal.com/content/private-equity/lasr... Insider buy at Lindblad Expeditions http://seekingalpha.com/news/2781566-insider-buy-a... Double Eagle Offers Entertainment In Its IPO Announcement http://seekingalpha.com/article/3513886-double-eag... What Will Fox/NatGeo Mean For Lindblad? http://www.travelpulse.com/news/tour-operators/wha... . Merger Arb: Starz CEO downplays AMC Network takeover rumors http://nypost.com/2015/09/16/starz-ceo-downplays-a... Kansas City Life Insurance: Offering A 37% Return http://seekingalpha.com/article/3516696-kansas-cit... Expedia, Orbitz win U.S. approval to merge http://www.reuters.com/article/2015/09/16/us-orbit... . Activist Investors: Down big, 6%+ today. Voce Capital Management writes to Air Methods: “Great business, crummy stock” http://helicopterinvestor.com/articles/voce-capita... Activist Insight Monthly http://www.edgecgroup.com/edgewp/wp-content/upload... Flotek: Activist Investor Comes Knocking http://seekingalpha.com/article/3518836-flotek-act... Park City Capital letter to ARI Network Services https://twitter.com/search?q=%24ARIS&src=ctag!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); suggesting $8/share value & requesting a sale http://www.sec.gov/Archives/edgar/data/879796/0001... Activist Puts Ethan Allen at $41/Share, Urges Sale or Spinoff http://www.thestreet.com/story/13290307/1/ethan-al... Bill Ackman Is THISCLOSE To Reading The U.S. Government Its Miranda Rights http://dealbreaker.com/2015/09/bill-ackman-is-this... Can ValueAct Capital Turn Rolls-Royce Into Gold? http://www.valuewalk.com/2015/09/can-valueact-capi... . Investment Write-Ups: 2 Cheap Cash-Rich Small Banks Paying Dividends - Thrift Conversions http://www.barrons.com/articles/2-cheap-cash-rich-... Bronte Capital Raises Further Questions About “The Sun Edison complex” http://www.valuewalk.com/2015/09/bronte-capital-su... Vodafone: Enjoy the Dividend While Waiting http://seekingalpha.com/article/3515426-vodafone-e... Externally Managed REITs Beaten - Perhaps Too Much http://seekingalpha.com/article/3519576-externally... Absolute Software Slimming Down Preparing For A Sale http://seekingalpha.com/article/3513746-absolute-s... Boston Beer’s Bottled-Up Stock to Bubble Higher http://www.barrons.com/articles/boston-beers-bottl... Phillips 66′s Growth Warrants Premium Valuation: Oppenheimer http://blogs.barrons.com/stockstowatchtoday/2015/0... Health Care REIT Is Dealing Its Way To Good Future Profits http://seekingalpha.com/article/3516716-health-car... Looking Past The Obvious To See Why History Will Rhyme: Barnes & Noble Edition http://seekingalpha.com/article/3511166-looking-pa... . Other Investing News: Suzuki buys back 19.9 percent stake held by Volkswagen for $3.8 billion http://www.reuters.com/article/2015/09/17/us-suzuk... The downside of the mega beer merger. Sports Seen Having Less Beer Money If AB InBev Buys SABMiller. http://www.bloomberg.com/news/articles/2015-09-16/... AB InBev/SABMiller mega-deal could fuel an overdue round of M&A in China http://www.breakingviews.com/beer-megadeal-could-f... Interesting cable co. valuation data. Dolans Secure a Rich Price Tag for Cablevision. Altice paid 9.4x Cablevision’s $CVC forward EBITDA. This comp. is rich, but it makes $GHC spinoff $CABO look expensive @ 9.9x trailing. http://blogs.wsj.com/moneybeat/2015/09/17/dolans-s... Syngenta poised to launch sale of veg seeds business http://www.reuters.com/article/2015/09/16/us-synge... This Sector Will Benefit From Fed’s Call to Stand Pat http://blogs.wsj.com/moneybeat/2015/09/18/morning-... AdCare Completes Operations Transfer on Two Facilities and Extends Leases on Eight Additional Facilities http://investor.adcarehealth.com/phoenix.zhtml?c=1... Will Altice Declare War On TV Network Price Increases After It Buys Cablevision? | Deadline http://deadline.com/2015/09/altice-cablevision-dec... Like I was saying...Beer mega deal would likely miss out on prize China asset http://www.reuters.com/article/2015/09/18/us-sabmi... Antero Midstream to acquire water business for $1.05 billion http://www.reuters.com/article/2015/09/18/us-anter... Bankruptcy Beckons as Troubled Energy Companies Run Out of Gas http://blogs.wsj.com/moneybeat/2015/09/17/bankrupt... Nice to see them monetizing assets. Hertz Sells $100 Million Stake in China Rental Company CAR Inc http://www.bloomberg.com/news/articles/2015-09-17/... The end of deep-sea oil drilling as we know it http://www.marketwatch.com/story/the-end-of-deep-s... . Economics: Dots Suggest Fed Will Move Slow and Steady http://blogs.wsj.com/moneybeat/2015/09/17/dots-sug... U.S. Congress should give Puerto Rico access to restructuring -Treasury http://www.reuters.com/article/2015/09/18/usa-puer... Breaking: Yellen says most officials see rate rise this year but want time due to low inflation, global concerns http://www.wsj.com/articles/fed-leaves-interest-ra... The Fed is reluctant to end stimulus in a time of market turmoil and rising global risk http://www.bloomberg.com/news/articles/2015-09-17/... Markets still don't agree with the Fed http://www.bloombergview.com/articles/2015-09-17/m... REITs early winners as Fed holds its fire. Like I've been saying, the selloff in REITs has been completely overdone. The risk of higher rates is much lower than most believe. http://seekingalpha.com/news/2784296-reits-early-w... . Thanks for reading. 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