In today’s briefing:
- What Do Managers Realize After Going Private?
What Do Managers Realize After Going Private?
- The elimination of “parent-subsidiary listings” in the broad sense—including affiliated companies—and delistings resulting from TOBs etc. that lead to industry consolidation are expected to improve the profitability of listed companies.
- After delisting, a company will have no choice but to break away from management style that defers challenges to work toward improving earnings in line with the fund’s profit targets.
- After a company is delisted, some executives may realize for the first time that maximizing shareholder interests is the primary management objective of a corporation.
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