With apologies to the Beatles: Yesterday, Arconic’s stock price began to fade away An expected buyout had been pushed away Elliott needs to find another way It was this close to a deal, but Arconic(ARNC) announced yesterday that it was no longer pursuing a sale of the company. Last week, the Wall Street Journal had reported that a… Read More »
Jack In The Box (JACK) will sell Qdoba, its Mexican themed restaurant brand, to private equity firm Apollo Global Management for $305m cash. JACK actually acquired Qdoba for $45m back in 2003, so the company was able to do some nice things with it over the years. Unfortunately, the brand has struggled to grow recently and same store… Read More »
Take an activist investor, mix in a large, underperforming corporation with numerous business lines and you have all of the ingredients for a spin. Right? Well, roughly a year ago, Illinois Tool Works (ITW) began a process of ‘exploring options’ for its industrial packaging unit as part of its grand five year plan to improve operating performance and… Read More »