USX Corp. Case Solution
In order to increase its stock price, a steel company is compelled by a corporate raider to spin-off its steel business.
As an alternative to the spinoff, direction proposes replacing the company's common stock with two new categories of "targeted" stock that would represent individual claims against each business segment's cash flows, allowing the stock market to value each business separately (and more correctly).
PUBLICATION DATE: February 28, 1996
This is just an excerpt. This case is about FINANCE & ACCOUNTING