10. Restructuring (S33.3) True or false? a. Carve-out or spin-off of a division improves incentives for the...
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10. Restructuring (S33.3) True or false?
a. Carve-out or spin-off of a division improves incentives for the division’s managers.
b. The announcement of a spin-off is generally followed by a sharp fall in the stock price.
c. Privatizations are generally followed by massive layoffs.
d. On average, privatization seems to improve efficiency and add value.
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Related Book For 
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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