kodak spun off Eastman Chemical decades ago (my dad owned some of their stock and held it to their bankruptcy).
But looking at it, kodak shareholders were given 1 share of Eastman chemical for every 4 shares of Kodak they had. Eastman chemical has split once since then. Eastman chemical is now $60. Kodak ended 1993 (the new company was created jan 1 1994 I believe) at $56 a share.
So that would imply that eastman chemical, that was viewed as 1/5th the value of the combined company in 1994 is now the value of the parent that was left over then (and no longer really exists).
But looking at it, kodak shareholders were given 1 share of Eastman chemical for every 4 shares of Kodak they had. Eastman chemical has split once since then. Eastman chemical is now $60. Kodak ended 1993 (the new company was created jan 1 1994 I believe) at $56 a share.
So that would imply that eastman chemical, that was viewed as 1/5th the value of the combined company in 1994 is now the value of the parent that was left over then (and no longer really exists).