Earlier this year, the WSJ reported that ATM maker NCR Corp (NCR) was considering its strategic options, including a possible spinoff. A little digging revealed a spinoff to be a low probability choice and that a buyback or dividend seemed more likely to be in the cards as a new ‘shareholder friendly’ activity. Shortly thereafter though, the company… Read More »
During last week’s shareholder meeting, Lear (LEA) CEO Matt Simoncini said the company would not be pursuing a spinoff of its electrical business after determining that it would destroy value and eliminate synergies. The breakup idea first surfaced in early February when Mick Mcguire’s Marcato Capital sent a letter to the board urging the company to consider spinning… Read More »
The WSJ recently reported that ATM & cash register equipment maker NCR Corp (NCR) is considering ‘its strategic options’, including a possible spinoff or asset sale. NCR has a long and rich history, including making the first mechanical cash register, but the company’s stock price has been lagging as point of sale transactions and cash register use is… Read More »