True to some extent. Demergers and spinoffs often involve separating business units, and financial and tax considerations are indeed critical. Companies need to assess the implications on their financial statements, tax liabilities, and overall financial health.
The motivation for most divestitures and spinoffs is that portion of the business is does not align with a company’s overall strategy. Thus selling off that business unit can be a win-win for both parties, IF the price/cost is attractive.