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Tag: spinoff
Did Corning Just Hint That A Divestiture Or Spin-Off Will Take Place In 2016?
2015-12-07 04:59:50| Industrial Machines - Topix.net
Although adverse currency effects and Chinese economy issues continue to depress the company's near term results, a transformational action is likely to occur in 2016. The company's $20 billion capital allocation plan is likely to serve as the minimum level of shareholder distributions given a recent statement by a company insider.
Did Corning Just Hint That A Divestiture Or Spin-Off Will Take Place In 2016?
2015-12-06 14:05:31| Chemicals - Topix.net
Although adverse currency effects and Chinese economy issues continue to depress the company's near term results, a transformational action is likely to occur in 2016. The company's $20 billion capital allocation plan is likely to serve as the minimum level of shareholder distributions given a recent statement by a company insider.
Nuclea co-founder Patrick Muraca leaving for biotech spinoff
2015-12-03 22:03:40| Biotech - Topix.net
Patrick J. Muraca, the founding CEO of Nuclea Biotechnologies Inc., is leaving the company to head another biotech firm that will soon be offered to Nuclea's shareholders. Nuclea's board of directors has appointed Muraca the president of NanoDX, a development stage company in Albany, N.Y. The board has appointed biotechnology industry veteran Don Pogorzelski as Nuclea's new president and CEO.
Tags: leaving
patrick
biotech
spinoff
Fiat Chrysler shareholders approve Ferrari spinoff
2015-12-03 21:34:49| Automakers - Topix.net
Fiat Chrysler Automobiles investors today approved the spinoff of its supercar unit Ferrari -- part of CEO Sergio Marchionne's plan to raise cash and reduce debt at the group. Shareholders voted about 98 percent in favor of the separation, in which Fiat Chrysler will distribute the remaining 80 percent stake in Ferrari to its own investors starting early next year.
Tags: approve
ferrari
chrysler
fiat
DuPont chemicals spinoff Chemours cutting about 400 positions in global workforce reduction
2015-12-01 02:30:38| Chemicals - Topix.net
The Chemours Co., a chemicals business spun off from the Dupont Co. earlier this year, says it is laying off about 5 per cent of its global workforce.
Tags: global
reduction
positions
cutting
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