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Masco Announces Strategic Initiatives to Drive Shareholder Value
2014-10-03 07:25:34| Furniture - Topix.net
The strategic initiatives, which are designed to drive shareholder value over the mid- to long-term, are comprised of: The spin-off of 100 percent of Installation and Other Services businesses into an independent, publicly-traded company through a tax-free stock distribution to stated, 'Today's transformative actions reflect our continued commitment to enhance shareholder value through the active management of our portfolio, effective capital allocation, cost control, and organizational focus. As separate companies, both and the Services Business will have greater flexibility to focus on and pursue their respective growth strategies.
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Category:Consumer Goods and Services