(Reuters) - U.S. factory automation equipment maker Emerson Electric Co said it planned to spin off its network power business as part of its efforts to focus on high-growth businesses.
* Analysts estimate unit enterprise value at $4 bln-$6 bln (Adds Breakingviews link)
strategically reposition its portfolio in support of higher-return businesses. On Tuesday morning, Emerson announced plans to spin off its $5 billion Network Power business, a tax-free distribution of new shares that is likely to occur in 2016. In addition
June 30 (Reuters) - U.S. factory automation equipment maker Emerson Electric Co said it plans to spin off its network power business into a publicly traded company as part of its efforts to focus on...
SEOUL, June 30 (Reuters) - U.S. chipmaker Qualcomm Inc has no plans to spin off its chips business at present, Executive Chairman Paul Jacobs said on Tuesday, despite recent investor pressure to do so amid intensifying industry competition.
to mid-single-digit advertising rate growth and increased retransmission consent fees. There could be upside if the spin - off of the publishing assets allows Tegna to acquire additional broadcast stations, though we do not plan to incorporate potential
Levisohn – Darden Restaurants [ DRI ; Olive Garden , etc] will spinoff most of its properties as a REIT . DRI may use cash to pay ..... 6% in 3 months] and some like CTL may even postpone REIT spinoffs . After resisting activists, and botched sale of Red Lobster , DRI
Questioning a small position in NZF/ Muni-Bond... it serves as a bit of a diversifier but not sure I need. Finally RGT - was a spinoff fund generated by RVT and am not sure it's worth keeping for such a small percentage - vs putting the proceeds elsewhere
* Said on Tuesday that under the plan of Arrinera Automotive debut on NewConnect market of the Warsaw Stock Exchange, offers to shareholders, who acquired series B warrants of Arrinera Automotive, acquisition of shares of Arrinera SA
LONDON, June 23 (Reuters) - Royal Bank of Scotland's Chief Executive Ross McEwan said he remained confident that the bank would meet a deadline to spin off its Williams & Glyn business before the end of 2016.