Canyon River Advisors, formerly known as The Spin-Off Report, has specialized in the analysis of special situations since 1996. In addition to comprehensively covering spin-offs and potential break-up situations across the U.S. and Europe, coverage was expanded in May 2026 to include a range of other special situations, such as exchange offers and post reorganization equities.
BREAK-UPS: SPIN-OFFS, REVERSE MORRIS TRUSTS & EXCHANGE OFFERS
Comprehensive coverage of companies breaking up via traditional spin-off, Reverse Morris Trust (RMT), and exchange offer. Coverage is initiated upon announcement of the transaction and continues through the first quarter after separation. Routine updates are published to highlight opportunities before and after separation, including analysis of potential share price dislocation from passive (indexed)-driven trading activity.
POTENTIAL BREAK-UPS
Routine commentary tracks potential breakup situations, with comprehensive analysis of companies with a compelling valuation and path to a value-unlocking event. The service monitors 30-40 companies across the U.S. and Europe ranging from compelling unannounced sum-of-the-parts situations with no imminent catalyst to activist situations or "strategic reviews" where a near-term announcement is likely.
POST RE-ORGANIZATION EQUITIES POTENTIAL BREAK-UPS
The service examines newly listed equities emerging from the bankruptcy process. This often-ignored area of the public markets provides a compelling area for mispriced companies. Despite the absence of a broad-based distressed equity cycle since 2008, the structural and behavioral characteristics of this niche area continue to present opportunities.
For additional information and sample research reports, please visit canyonriveradvisors.com