Chapter 1300: Spin-Off See Also Spin-Off

The latest website: The TWA Group was split, and a subsidiary company, TWA, was spun off.

TWA only inherits the group's aviation business, while the more profitable hotel and catering businesses remain within the group.

After the split, TWA is still a listed company.

That's all this news is about.

But because TWA is one of the top five airlines in the United States, it has been in the top three in the US aviation market for a long time before.

According to Xia Yu's requirements for business news, when it comes to a company with a dominant market position, it needs to be collected and provided to him, so this news entered his line of sight.

When he saw this news, a name popped into Xia Yu's mind - Carl Serean Icahn.

The later generations are known as the "Wolf of Wall Street" and the "activist investor", with a net worth of as high as 20 billion US dollars.

There are many biographies about Carl Tharrean Icahn when he was on Wall Street, and the road to his rise has been clearly understood.

TWA was an important stepping stone on his rise.

In that hostile takeover, he made a profit of more than 150 million US dollars, accumulated capital rapidly, and also completely launched his reputation, which was sought after by a large number of investors, so he rose rapidly.

Carl Serean Icahn is just a financier, he only has money in his eyes. After the hostile takeover of TWA in his previous life, he had no intention of operating and sold all his assets.

Carl Serean Icahn is not interested in TWA, which does not mean that Xia Yu is not interested.

After all, it is one of the five major airlines in the United States. Although it may not be easy because of the international situation and business strategy, he has a solution.

His aviation empire needs such a map!

What's more, he has always had a strong desire to collect for the "Universal" series of companies.

Act when you decide.

After breakfast, Xia Yu immediately picked up the encrypted phone on the table,

Called Peter Lynch in the United States and asked him to pay attention to collecting the split of the TWA Group and make an action plan in time.

Two days later.

The specific situation was passed to Xia Yu through international fax.

At the same time, Peter Lynch also called Xia Yu and reported another work situation to him. The details are also in the fax.

After printing it all out, Xia Yu browsed it in his office.

The reason for the split of TWA Group is that in 1979 the United States repealed the Aviation Control Act, which relaxed aviation regulations and intensified market competition, which had a greater impact on TWA Group.

Of course, the decline in the revenue of TWA Group's aviation business also has its own operating problems.

TWA received permission from the U.S. authorities to enter the transpacific shipping market for the first time in 1969, but TWA later sold the Asian route rights to American Airlines and ignored the transpacific cargo service market.

The contempt for the Asian market and the continued erosion of the original European market have worsened the financial situation of TWA Group.

Of course, there is another important reason, that is, because the international crude oil price has been at a high level for a long time, making the price of jet fuel expensive, causing TWA Group to lose money.

It is precisely because of so many reasons that the share price of TWA Group has been depressed and the risk of being acquired has increased sharply.

The executives of TWA Group judged that the group's stock price does not actually match the real market value of the group, but was dragged down by the aviation business. The hotel and catering business, which still have high internal profits, is still the golden business of the group.

These two businesses are likely to be targeted by the outside world, thereby launching acquisitions and splitting assets.

Therefore, the TWA Group discussed and decided to split the group and increase its shareholding in the more profitable hotel and catering business to avoid being acquired.

The under-performing aviation business is relatively safe.

This judgment made TWA Group concentrate its assets on the hotel and catering business, and its shareholding ratio for TWA was only 1.1%!

Seeing this shareholding ratio, Xia Yu was shocked.

He kind of wanted to pry open the heads of the executives of the TWA Group to see what kind of biological shit was in their heads.

What kind of self-confidence is it that they dare to transfer assets so ruthlessly that their holdings in TWA Group are only 1.1%.

If this is not acquired, Xia Yu feels that he will be struck by thunder.

After all, it is a subsidiary of TWA Group. Although it is a listed company, its nature is different. You don’t need to buy 66.7% of the equity at all. You only need to get 51% to gain control and push the executives of TWA Group to the ground. friction.

No need to say, you must buy it now!

Anyway, the price is not expensive!

It doesn't matter if there is no Pacific route, just his Cathay Pacific Group can make up for it.

The two companies are completely complementary, and as long as they are integrated, the financial situation can be turned around in no time.

After making a decision, Xia Yu threw the document aside and picked up another document.

Compared with TWA, which has a low market value, the company on this profile is a Big Mac.

The hegemony of the US telecommunications market - AT&T!

Today it is the fifth largest company in the United States, with a market value of $18.68 billion.

But at this time AT&T was already weakened. In 1982, it was closely following IBM and competing with it. Its market value was as high as 53 billion US dollars, which was more than twice that of the third-place Exxon Oil Company!

The reason why it has fallen to the point where it is now is that AT&T is caught in the third antitrust lawsuit in its history.

And it was in 1982 that AT&T's antitrust case had a definite turning point.

AT&T is willing to accept the US government's request to separate from its 24 local subsidiaries and Western Electric.

So from 1982, the market value of AT&T began to plummet, and the market looked down on its prospects after it was dismembered.

But AT&T has always been a Big Mac anyway, and every piece of its property is a tempting piece of the cake.

Before I wanted to eat it, I couldn't eat it, and I didn't have such a good mouth.

But this time it was divided into many small cakes and it was easy to enjoy.

So Peter Lynch, leading Polaris Capital, is grabbing food in this dismemberment feast.

Now that the dismemberment plan is about to come out, AT&T and its 24 local subsidiaries operating local fixed lines and Western Electric will be split into a new AT&T (specializing in long-distance calling) and seven local telephone company.

The seven local telephone companies are Bell West, Bell Southwest, Bell West, Bell Pacific, Bell South, Amedak, and Newsun.

Peter Lynch asked Xia Yu for instructions. At present, various consortiums are eyeing them. With the strength of Polaris Capital, they can only win one of the subsidiaries at most, and it is still relatively hanging, so he asked Xia Yu, which company to take action against!

ps: Seven Bell brothers, which one is the most suitable for the protagonist? If you have an idea, please give your opinion from the company's potential, compatibility with the protagonist, etc. Thank you!