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Activist Wants DuPont Split in Two

2014-09-17 16:54:13| Beverages - Topix.net

Activist investor Nelson Peltz's Trian Fund Management LP, among the biggest shareholders in DuPont , has called on the chemical conglomerate to separate its high-growth businesses from those that generate strong cash flows. Trian Fund, which holds a $1.6 billion stake in DuPont, wants the company to split into two - one holding its fast-growing agriculture, nutrition and health and industrial biosciences divisions.

Tags: two split activist dupont

Bank split 7-2 on interest rate rise

2014-09-17 12:14:26| BBC News | Business | UK Edition

The Bank of England's Monetary Policy Committee (MPC) was divided for the second consecutive month over interest rate policy, latest minutes show.

Tags: rate interest bank rise

JDSU to split into 2 companies

2014-09-11 09:18:00| Telecompaper Headlines

(Telecompaper) JDSU announced a plan to separate into two publicly traded companies, an optical components and commercial lasers company and a network and services company. The former, called CCOP, would consist of JDSU's current Communications and Commercial Optical Products segment, while the latter includes the Network Enablement, Service Enablement and Optical Security and Performance Products segments. The separation is expected to occur through a tax-free pro rata spin-off of CCOP to JDSU shareholders. JDSU said the split will allow CCOP to focus more on its position in telecom, expand its position in the high-growth datacom market, and grow its commercial lasers and 3-D sensing businesses, while NSE can transition to a more software-centric company aligned with the industry's shift to software defined networks. Alan Lowe, CCOP's president since 2008 and executive vice president of JDSU, is the CEO-designate of the CCOP stand-alone company, while JDSU CEO Tom Waechter will continue as head of the networks company. JDSU expects to complete the split in the third quarter, subject to regulatory approvals.

Tags: companies split jdsu

US: Nine West Footwear Group to split in restructure

2014-09-08 14:27:00| Daily apparel & textile news and comment - from just-style.com

Nine West Holdings' footwear group is to be split into four separate businesses by private equity firm Sycamore Partners in a bid to drive long-term growth.

Tags: group west split footwear