(FDC) First Data Corp. Spinoff
First Data Corp. is planning to spinoff payment processor Western Union, to existing shareholders. Western Union accounted for $4 billion in revenues last year, out of FDC's $10.5 Billion total revenue. The spinoff is expected to complete in second-half 2006.
Interestingly, FDC shares shot up 7% on the day the spinoff was announced, despite simultaneously reporting a 14% drop in earnings.
Interestingly, FDC shares shot up 7% on the day the spinoff was announced, despite simultaneously reporting a 14% drop in earnings.
posted by spinoff at
11:52 AM
1 Comments:
Western Union does not now even have Telegrams why did they not do eGrams?
Is Western Union going to move to the Greater NYC Area to have there HQ? It would be best having the prescence in the Financial Capital of the World.
Even in Bergen County, Montvale , NJ where they rent/lease space and other Fortune 100 Companies have there World HQ near too. Even Mercedes Benz and BMW too do.
Chestnut Ridge Road is locally know as the Buffet Berkshire Highway as so many firms on it are now owned by Berkshire Hathaway BRK:NYSE yes BRK A and BRK B ..
Why are FDC First DATA Corp. execs not even mentioning how they are not even considering a basic financial step and presence like this ?
By
Anonymous, at 9:41 AM
Post a Comment
<< Home