Question
October 1993 Marriott Corporation announced plans to divide its operations into two separate businesses (spin off of hotel mgt business) Marriott International: manage Marriotts hotel
October 1993 Marriott Corporation announced plans to divide its operations into two separate businesses (spin off of hotel mgt business) Marriott International: manage Marriotts hotel chain and receive most of the revenue Host Marriott: own all the companys real estate and be responsible for servicing essentially all of the old companys $3 billion of debt
What will happen to Marriotts stock price and bond price after this announcement?
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
