It is becoming increasingly fashionable to either spin off or sell assets from large businesses to reshape for the future. In particular, conglomerate structures are no longer considered attractive, and investors prefer a sharp focus on fewer areas rather than fingers in lots of pies.
Some of these corporate restructuring actions have been driven by activist investors seeking to unlock hidden value, others have been partially influenced by third parties wanting to own certain assets and offers that are too good to pass up.
In the case of media group Daily Mail & General Trust, it has for years owned stakes in various assets and its come to the stage where major shareholder, the Rothermere family, thinks it could be best to take the bus…
Read the full article at: https://londonlovesbusiness.com/corporate-restructuring-puts-spotlight-on-dmgt-and-tate-lyle/