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Masco board OKs spin off of Daytona unit

2015-06-11 04:37:12| Furniture - Topix.net

The World's Most Famous Beach - home to three public companies: International Speedway Corp., Brown & Brown and Consolidated-Tomoka - will soon add a fourth company to its list. Taylor, Michigan-based Masco Corp.'s board of directors this week approved the company's previously announced plans to spin off its Daytona Beach-based Masco Administrative Services division as an independent publicly traded company.

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