Quite simply, the logic for spinning off one business from another is that the original combined entity be worth less than its separated parts over time.
The sooner, the better.
In fact, the first days of trade when a break-up occurs, are decisive to set the tone for what’s about to come in terms of value realisation in any extraordinary corporate story.
And judging from the first trading days of XPO Logistics and …
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Source: The Loadstar