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Tag Archives: Spinoffs
In February, I wrote a post on the conglomerate ITT (ITT)and its spinoff plan into three separate companies, Defense, Water, and Industrial Products. The market loved the announcement, sending shares of the company from $51 to a high of $64. … Continue reading
Recently, industrial conglomerate ITT (ITT) announced they will split the company into three separate businesses: Defense, Water, and Industrial Products (The “New” ITT). The stock immediately jumped 20% in anticipation of the spinoffs, which are expected to be completed by … Continue reading