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ITT Dismantles Its Empire, Ending the Age of Conglomerates

by Steve Rosenbush on Jan.13, 2011, under Towing

The 91-year old company was once the leading diversified industrial company, the product of hundreds of leveraged buyouts in the 1960s and ’70s. But its breakup is yet more proof that the conglomerate model makes little sense today. Why? Activist investors have a lot to do with it.

Continue reading ITT Dismantles Its Empire, Ending the Age of Conglomerates

ITT Dismantles Its Empire, Ending the Age of Conglomerates originally appeared on DailyFinance on Thu, 13 Jan 2011 12:00:00.

Filed Under: Company News, Columns, Investing, Stocks in the News

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