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ADP this past Monday spun off Broadridge Financial (BR). I new at this so don't know exactly the best way to investigate a possible spin-off investment. Is there a SEC form, I think an S something that can breakdown the nuts/bolts of the offering. It may be interesting if it gets thrown out by many holders.
DW
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Here is the link to ADP's SEC filings:

http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=adp&filenum=&State=&SIC=&owner=include&action=getcompany

The filings on 03/21 have a good deal of information on Broadridge. I would also go to both websites. I know there is an investor roadshow presentation for Broadridge there.

BBQ
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I typically like to go to SEC filings for the company being spun off first, but it's really a matter of preference. If you don't know the ticker, you can do a company name search here http://www.sec.gov/edgar/searchedgar/companysearch.html and that usually works out. The 10-12B/A form has a lot of information and is very helpful. They'll usually file it early in the process and then amend it periodically as the details develop. Like BBQ said, looking at the parent company's filings is useful too. I've found important information in anything ranging from quarterly and annual reports to press releases to proxy statements. Listening to conference calls at the company website can be educational as well.

However, I'm still just an amateur so take any of my advice with a grain of salt.

All the best! (and here's hoping Broadridge drops a bit more, it started out fine then reversed course -- darn greedy spinoff chasers!)

Jim
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