Hints and tips:
...At least two publicly listed companies (ITT Technical Institute and Corinthian Colleges) declared bankruptcy. Now, you may think many for-profit colleges were simply frauds (I think this)....
...During the heat of the ITT battle, Bollenbach publicly described Rand Araskog, the target’s chief executive, as “a weenie”....
...Mr Sternlicht took over Westin Resorts & Hotels Worldwide and ITT Corp, which owned the Sheraton chain and the St Regis hotel in New York....
...It is a pattern that goes back at least as far as the US conglomerate boom of the late 1960s, when deal-addicted groups such as ITT and Leasco bestrode the stock markets, only to go into sharp decline a...
...These include Svenska Cellulosa, the Swedish company that was embroiled in a scandal last year over the use of private jets, and ITT Educational Services, which the US regulator has charged with fraud....
...Starwood then bought ITT for $13.9bn....
...Shares in ITT fell by about 40 per cent on Tuesday morning on the SEC action....
...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....
...ITT Educational Services, which operates for-profit postsecondary schools in the US, is offering an unintended educational service to both fixed income and equity investors....
...: “GroupM applied to have the court file sealed, given that the Particulars of Claim contained sensitive and confidential pricing information submitted by GroupM in response to an Invitation To Tender (ITT...
...The short-sellers who thought education provider ITT, Beazer Homes or Restoration Hardware were bound to fall have been hit by rises of more than 40 per cent in three weeks....
...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...
...Splits, such as the three-way division of ITT and Tyco, the industrial companies, create multiple new clients for the banks, with the resulting entities widely expected to take part in consolidation or become...
...In 2011, companies such as McGraw-Hill, ITT and Yahoo have come under pressure to rethink their business strategy, Clorox was unsuccessfully pushed by Carl Icahn to sell the company, while activists have...
...Both in its furious construction and serial deconstruction, Tyco strongly resembles ITT....
...In the past year, ITT, Fortune Brands and Sara Lee have all adopted split-up strategies....
...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....
...Just up Sixth Avenue from the offices of McGraw-Hill and News Corp, the FT’s pink logo lights up the former headquarters of the ITT of Harold Geneen, the “conglomerateur” who added many unrelated businesses...
...Think of ITT in the 1960s or Tyco and General Electric before the financial crisis. The advantages of size are impressive, but the reasons to divide can also be compelling....
...In the past year, companies including Sara Lee, ITT and Fortune Brands have decided to separate disparate parts of their businesses, in some instances under pressure from activist investors....
...In the 1960s ITT was a global conglomerate, owning Sheraton hotels and Avis car rental....
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