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Tag: spinoff
Sony rejects Loeb spin-off proposal
2013-08-06 08:13:20| BBC News | Business | UK Edition
Sony rejects a proposal by one of its biggest shareholders, hedge fund Third Point, to spin off part of its entertainment division.
Tags: sony
proposal
rejects
loeb
Sony rejects Loeb's entertainment business spinoff plan
2013-08-06 02:00:00| Total Telecom industry news
Japanese company says it has considered investor's proposal, but entertainment business is fundamental to future success.
Tags: business
plan
entertainment
sony
Telecom Italia cuts outlook, to go ahead with fixed spin-off
2013-08-02 09:22:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a net loss for the first half of 2013 after writing down the value of its domestic operations. It also cut its outlook for EBITDA this year forecasting a steeper decline due to weakness in its home market. The net loss totaled EUR 1.407 billion, versus a profit of EUR 1.242 billion a year ago. Revenues fell 7 percent year-on-year to EUR 13.760 billion, with a 10.4 percent fall in Italy and negative currency effects on its operations in South America. EBITDA was down 10.6 percent to EUR 5.236 billion, and Telecom Italia said it now expects a "mid single-digit" decline for the full year, versus its previous outlook of a low single-digit drop. Adjusted net debt totaled EUR 28.813 billion at the end of June, little changed from three months earlier. The company still expects debt of less than EUR 27 billion by year-end and also reiterated its target for stable revenues over the full year. Telecom Italia said it has also decided to go ahead with the proposed spin-off of its fixed network into a separate company.
Tags: fixed
italia
ahead
outlook
Siemens profits up on unit spin-off as CEO changed
2013-07-31 14:11:01| Telecom - Topix.net
Other measures of profit sagged, however, as the industrial conglomerate took charges for a restructuring program aimed at restoring its profit levels.
Tags: unit
changed
siemens
ceo
Another Victory For Activism: Oil States Announces Spin-Off,...
2013-07-31 09:28:31| Oil & Gas - Topix.net
In what could result in a big rainfall for David Einhorn and Barry Rosenstein, Oil States International announced plans to spin-off its accommodations unit into a standalone, publicly traded company.
Tags: states
oil
victory
announces
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