Demergers Archives - GroYourWealth.com

3M to Spin Off Healthcare Business; Earplugs Unit Files for Bankruptcy

Admin26 July 2022

The moves Tuesday attempt to address the industrial conglomerate’s lingering overhangs with sluggish growth of its businesses and an increasing exposure to costs for lawsuits. The company said it has...

Business

WSJ News Exclusive | Deloitte Explores Splitting Auditing, Consulting Arms, Following Ernst & Young

Admin9 June 2022

Deloitte is exploring a plan to split its global audit and consulting practices, following an effort by fellow Big Four accounting firm Ernst & Young to potentially spin off its...

Business

Tech Billionaire Brings Down Breakup Plan by Australia’s Biggest Polluter

Admin30 May 2022

SYDNEY—A tech billionaire brought down plans by Australia’s biggest polluter to spin off its coal-fired power plants into a new company, handing a big win to environmental activists who want...

Business

WSJ News Exclusive | Hasbro Activist Begins Proxy Fight, Urges Wizards Unit Spinoff

Admin17 February 2022

A little-known activist investor is seeking to add several directors to Hasbro Inc.’s board and is urging the toy maker to make changes including a spinoff of its fast-growing unit...

Business

Toshiba Looks to Split Two Ways Instead of Three

Admin7 February 2022

TOKYO— Toshiba Corp. TOSYY 0.92% revised its restructuring plan and said it wants to split into two parts instead of three, hoping to end a fight with foreign shareholders. The...

Business

Unilever Makes Approach for Glaxo’s Consumer-Healthcare Business

Admin15 January 2022

LONDON— Unilever UL 1.14% PLC said it had approached GlaxoSmithKline GSK 0.91% PLC and Pfizer Inc. PFE -1.06% about an acquisition of their consumer-healthcare joint venture, a potential $68 billion...

Business

IBM Split Doesn’t Guarantee a Speedy Recovery, History Suggests

Admin11 October 2020

International Business Machines Corp. IBM -2.81% Chief Executive Arvind Krishna is betting on the well-practiced gambit of a corporate divorce to revive the former corporate icon. But tech history shows...