Thursday, February 07, 2008
Phoenix to Spin Off a Business
The Phoenix Cos., under fire for poor stock performance, will announce plans today to spin off its asset management business — Phoenix Investment Partners — as a separate company to its shareholders.
Hartford-based Phoenix, which has pursued turnaround efforts for six years, hopes the dramatic move will hearten frustrated stockholders and allow its asset management and life and annuity businesses to grow and prosper separately.
Phoenix to Spin Off a Business
Source: Hartford Courant
Hartford-based Phoenix, which has pursued turnaround efforts for six years, hopes the dramatic move will hearten frustrated stockholders and allow its asset management and life and annuity businesses to grow and prosper separately.
Phoenix to Spin Off a Business
Source: Hartford Courant
Permalink posted by armandn @ 10:48 AM 
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