Journal ArticleDOI
Management Buy‐Outs give Industry a New Lease of Life
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The advantages of pruning corporate portfolios are welcomed in the US, but many British companies still assume that selling subsidiaries will be viewed in terms of failure by the outside world as mentioned in this paper.Abstract:
The advantages of pruning corporate portfolios are welcomed in the US, but many British companies still assume that selling subsidiaries will be viewed in terms of failure by the outside world. Evidence suggests, however, that there are rewards in profit trends and enhanced share ratings. The decision to divest may set in motion a management buy‐out.read more
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