Shares rose on news of its spin-off. A split won’t transform the business, but simplicity is in vogue and creating stocks for distinct investor bases can create shareholder value, says Breakingviews
Says the HTC merge right there is nearing fruition I'm -- Marquette at least for now seeing some light can't. I'm let's get swapped Paxson makes feel on this because -- you wrote a piece in April at the beginning of April. There's quite a negative piece about this this team manager and I'm on what it means for the company going forward. In the sense that. You on balance was found perhaps they might spend quite a lot of time now. Trying to sort of do this to myself -- management. Focus and stuff. And there are pros and cons of both sides that preference at the moment it looked as saying that preferences for team much yeah the market's taken it sort of said he will mean it's and following the rest of the mining -- -- a little bit. Yeah not okay -- I am do you still think it's. The the the the split. And the weather whether it's up dead in the year but have the right management goes side to whatever company you still think that should be an investors' minds at the forefront of investors' -- And you think ultimately what investors realize this -- so why is gonna come back down. Well I think what will happen is the cool company will put that they're not the old company if you like once that if if there is a team nonchalance visiting Najaf. The new company is unclear how many people will be willing to hold onto it -- and what happens is the coal company that's left. May define its -- its you know it Waltz they consider that cool what the -- focus on. How -- the share price of the omission that you get in the new company folds is not clear isn't what we're seeing is a combined company that's rising a little bit more than it's paid group. What happens when this to show as a substantial if you like his very unclear if this is closing its short term possibly shareholder value. Long term it's not clear what happens to not so we can we didn't know just to finish outweighs we don't know what timeframe here told. Well the full year results next week so this question sort of dislike something useful than the Pope to come around the -- and won't -- -- in sentencing is walks. -- want to buses they -- into this new company and I think it on the race. -- -- -- -- Probably all right it's wrong -- things that dropouts and make from our breaking news and read the piece by the way. Now on the breaking news -- sites. I'm at -- -- the US should talk -- this engine that'd be ST I'm -- -- was is Joyce's.