From GM and Delphi to DuPont and Conoco to Kraft Foods and Phillip Morris, history proves that restructuring works wonders for shareholder value. In the first half of 2001, restructuring transactions dominated the IPO market, accounting for 81 percent of the USD 23 billion raised in IPOs. The first quarter of 2000 produced over 40 announced spin-offs, and in 1999, there were 71 announced spin-offs. From tracking stocks to LBOs, evidence suggests that redeploying equity value creates substantial returns for parent company ...
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From GM and Delphi to DuPont and Conoco to Kraft Foods and Phillip Morris, history proves that restructuring works wonders for shareholder value. In the first half of 2001, restructuring transactions dominated the IPO market, accounting for 81 percent of the USD 23 billion raised in IPOs. The first quarter of 2000 produced over 40 announced spin-offs, and in 1999, there were 71 announced spin-offs. From tracking stocks to LBOs, evidence suggests that redeploying equity value creates substantial returns for parent company shareholders. Evidence also shows that equity carve-outs, spin-offs, and other liquidity events create substantial value for the holders of subsidiary equities. Between 1985 and 1998, the stock of spin-offs outperformed the S&P 500 by 11.3 percent per year, and the stock of carve-outs outperformed the S&P 500 by 10.1 percent per year. Carve-out transactions typically also have boosted the parent company's stock by an average 4 percent in the 90 days following the carve-out. Once considered exotic, transactions to redeploy equity have become accepted tools for increasing both parent shareholder returns and subsidiary performance. Restructuring for Growth explores
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Add this copy of Restructuring for Growth: Alternative Financial to cart. $5.95, fair condition, Sold by ThriftBooks-Baltimore rated 4.0 out of 5 stars, ships from Halethorpe, MD, UNITED STATES, published 2002 by McGraw-Hill.
Add this copy of Restructuring for Growth: Alternative Financial to cart. $49.59, very good condition, Sold by My Dead Aunt's Books rated 5.0 out of 5 stars, ships from Hyattsville, MD, UNITED STATES, published 2002 by McGraw-Hill.
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Seller's Description:
Very Good in Unclipped; very fine jacket. Size: 6x1x9; Presumed first ed., first printing according to printer's key; 490 p., clean and unmarked on strong paper only faintly age-toned; binding tight; boards and d.j. without discernible wear.
