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Bentley Pharmaceuticals, Inc.'s drug delivery spinoff, Cpex Pharmaceuticals, Inc. has begun trading on the NASDAQ. Bentley has been planning the spinoff of Cpex to shareholders since last October when it began shopping itself with the advice of Deutsche Bank AG. The Bentley board began considering a separation of the businesses...
Posted on July 1, 2008 3:15 PM
Time Warner Inc. announced details on Wednesday of its plan to spin off Time Warner Cable to investors. Because of its complex ownership structure, the separation will take place in several steps, beginning with Time Warner lifting its stake to 85.2% from 84% and ending with the company receiving a...
Posted on May 21, 2008 8:40 AM
Time Warner Inc. reported Wednesday that net income for the first quarter dropped to $771 million from $1.2 billion for the same period in 2007. CEO Jeffrey Bewkes has enacted two major plans to simplify the corporate structure at his New York-based entertainment and media conglomerate. At the center of...
Posted on April 30, 2008 9:32 AM
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