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Following the decision to dissolve the Cendant company name and split into four separate companies, the vehicle rental division of Cendant became Avis Budget Group in 2006. [9] In 2011, Avis Budget Group acquired Avis Europe, an independently owned company licensee, globally reuniting the Avis and Budget brands. [10]
At the time, Vice Chairman E. Kirk Shelton was reported to have inflated the company's revenue by $500 million over a period of three years. He had reported a 1997 net income of $55.4 million when the true 1997 result was a net loss of $217.2 million.
Metro Manila Transit Corporation – split into four private companies in the 1990s. [20] National Sugar Trading Corporation (NASUTRA) – Former state monopoly, split in 1986 into its various predecessors. [21] Philippine National Bank – 1989–2005 [22] Radio Philippines Network – 80% privatized since 2014. [23]
A study by Bank of America Global Research found that companies conducting forward splits have more than doubled up the S&P 500 since 1980, based on returns in the 12 months following a stock ...
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Johnson & Johnson plans to split into two companies, separating its consumer health division that sells Band-Aids and Baby Powder from its pharmaceuticals and medical devices business in the ...
Following the acquisition of the majority stake in Lagadère on 13 December 2023, Vivendi announced that it was studying a split project to separate its three businesses, Canal+, Havas and its publishing unit (including its stake in Lagardère) as well as its investments into four separate companies. [73]
Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan.