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...An extreme case was Harold Geneen at ITT, who converted what had once been a telecommunications company into a conglomerate; Geneen believed that his management skills could be applied to virtually any industry...
...Corporations and investors can pursue their own interests, but are circumscribed absolutely by those priorities, as defined by the Chinese Communist party....
...With the project dead, Mr Correa gave the oil industry the green light to expand its operations in the park....
...Rohatyn, below, became the go-to M&A banker on Wall Street and left his mark on companies like Warner Bros, Lockheed Martin and Loews Corporation....
...Fink is far from a lone voice in his industry....
...Mr Sternlicht took over Westin Resorts & Hotels Worldwide and ITT Corp, which owned the Sheraton chain and the St Regis hotel in New York....
...Starwood then bought ITT for $13.9bn....
...The suspicion originates in the 1970s and 1980s, the era of companies such as ITT and RJR Nabisco....
...In 1970, the conglomerate craze (the flip side of today’s break-up fever) shows up briefly, in the form of ITT — telecom, hotel operator, bread baker and industrial manufacturer....
...The contract is one of the most highly-prized in the UK advertising industry, both for its large financial value and its high profile....
...Relational manages about $6bn and has taken stakes and pushed for changes in companies such as Home Depot, Genzyme and ITT....
...Executives at Pepsi might note the changes at industrial products maker ITT and L-3 Communications, both of which announced spin-offs last year following prodding from the patient but insistent Mr Whitworth...
...Sara Lee, Fortunes Brands, ITT and a host of companies in the energy sector have opted to split up their businesses in the past year, as the market rewards pure-play businesses with a better valuation....
...Sara Lee, Fortune Brands and ITT have also announced separations in the past year....
...Should split-ups be on the strategy menu of more corporations? Yes. Size has disadvantages as well as advantages, which should be weighed in the balance regularly....
...“It is as if the media industry did not get the memo the rest of the business community got back in the 1980s that conglomerates do not create value,” Jonathan Knee, Bruce Greenwald and Ava Seave wrote in...
...Defence and aerospace account for half the group’s revenues and, with defence spending being curbed as the US and other governments tend to budget deficits, investors are wary that the industry will be stuck...
...Sticking together operations in disparate industries pays off handsomely when investors who believe in the power of “synergies” give the shares extravagant valuations, making them an overpriced currency...
...ITT felt that pressure particularly sharply....
...British “multi-industry company” Smiths Group is under pressure to sell businesses. General Electric is concentrating on its industrial operations....
...The move, which sent Marathon’s share price up $3.31, more than 8 per cent, to $43.84, joins a flurry of demergers of US groups including one announced by industrial conglomerate ITT this week....
...“gainful employment” among graduates might clip the wings of politically savvy companies such as Apollo Group (which owns University of Phoenix, now America’s largest university with 460,000 students), ITT...
...stock to add to the 2011 M&A watch list… Update 09:38am (GMT): Some interesting comment from Harry Philips Evolution Securities, who notes that in the week Smiths received a bid for its medical business, ITT...
...Though Mr Eisman raises disturbing figures, he may be less successful betting against College Inc than subprime – for now at least, because the industry is adept at influencing legislation....
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