Every schoolchild is aware of the dangers of mixing water and electricity. Perhaps with this in mind, Pentair(PNR) will be spinning off its Electric division and retaining its Flow Control division. As every spinoff needs a gut-wrenchingly bad name with an even worse explanation of its meaning, the new company will be known as nVent Electric. Why? Beth… Read More »
Grab a tissue and say farewell to the Tyco (TYC) name. The former high flying conglomerate has a complicated history full of acquisitions (lots of those), strategy shifts, scandal ($6,000 shower curtains!) and of course, a lot of spinoffs. Current DuPont (DD) CEO Ed Breen smashed the company apart not once, but twice, creating three entities in both… Read More »
Well, it’s official now as Tyco’s (TYC) shareholders approved the latest dismemberment of the former conglomerate earlier this week. I’m still waiting for a shareholder surprise veto to take place…now that would be something. Anyways…continuing its long history of spins, Tyco will distribute its North American ADT business and its flow control business on September 28th to shareholders… Read More »