Sunday, January 29, 2006

Firms Slim Down

Who says you need anti-trust laws to break up large companies? Why would companies voluntary break themselves up? The interest of the shareholders is why:

"Investors want these companies to unlock shareholder value, pure and simple," said Mark Keeley, whose family-run Keeley Family of Funds manages $3 billion in assets. "Investment bankers hate to hear this, but 50 percent of mergers don't work — the result can be bankruptcies or spinoffs."