- Reuters•5 days ago
The days of the European conglomerate may be numbered, as activist shareholders are pressing diversified groups to spin off secondary businesses and focus on doing one thing well. In theory, spinning off business divisions allows the parent company and the spin-off alike to focus better on their respective strategies, while investors tend to value both more highly due to greater transparency. "I think demergers and the destruction of conglomerates is the next major trend in the M&A market," said Christer Gardell, co-founder of Cevian, a Swedish-based activist investment fund.
- Reuters•6 days ago
Corporate demergers range from the classic spin-off, in which existing shareholders are given shares in a business division which then trades as a separate company, to the carve-out, in which the division is sold to new investors via an initial public offering (IPO) - benefiting shareholders of the parent only indirectly. *Fiat Chrysler's Ferrari (RACE.MI) disposal was a hybrid. Then at the start of January, Fiat Chrysler (FCHA.MI) distributed the remaining 80 percent of shares to Fiat shareholders.
PHG : Summary for Koninklijke Philips N.V. NY Reg - Yahoo Finance
Koninklijke Philips N.V. (PHG)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||28.80 x 1600|
|Ask||28.82 x 2500|
|Day's Range||28.19 - 28.48|
|52 Week Range||23.00 - 30.61|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||32.00|
|Dividend & Yield||0.90 (3.19%)|
|1y Target Est||N/A|