- Sears Moves to Shed Stake in Prodigy - New York University.
- Sears’ seven decades of self-destruction | Fortune.
- Sears: A Timeline From Its Founding to Its Bankruptcy | Fortune.
- Dean Witter's Excellent Adventure - Bloomberg.
- Fed Governor Outlines 'another Alternative for the Break-up-the.
- SEARS SPINS OFF DEAN WITTER, ALLSTATE GROUPS.
- Sears' Seven Decades of Self-Destruction - Yahoo!.
- Walmart Diversification – “The Ghost of Sears Past” | Intalytics.
- ALLSTATE INITIAL OFFERING PRICED AT THE TOP - Chicago Tribune.
- PDF Morgan Stanley, Dean Witter, Discover & Co.
- Sears to drop catalog, cut 50,000 employees Retailer to... - Baltimore Sun.
- Sears, Dean Witter and me - Daily Republic.
- Spinoff Calculator - Cost Basis.
- Spinoff of Dean Witter - The New York Times.
Sears Moves to Shed Stake in Prodigy - New York University.
NationsBank Corp., the holding company, has assets of $118 billion. McColl said that he expects the new unit will ''only break even in 1993'' because of startup costs, but that the goal is for.
Sears’ seven decades of self-destruction | Fortune.
Muscolina joined Caesars and the gaming industry in 2003 after a successful career in the retail sector at Sears and the privately held Breuners Home Furnishing Corporation.... Later, he became a member of the due diligence group, which facilitated the eventual spin-off of Allstate Insurance, Dean Witter, and Coldwell Banker Real Estate into. CHICAGO, SEPT. 29 -- Sears, Roebuck and Co., abandoning its foray into financial services, said today it will sell off its Dean Witter Reynolds securities firm, the Discover Card and most of its.
Sears: A Timeline From Its Founding to Its Bankruptcy | Fortune.
Sears finally pulled the plug on its financial services strategy in 1992, announcing it would sell or spin off not just Coldwell Banker and Dean Witter but also Allstate, which had been part of the company for 61 years. It was the best thing that ever happened to those three businesses. Liberated from Sears, all of them blossomed and thrived.
Dean Witter's Excellent Adventure - Bloomberg.
After adjusting the basis of the Sears shares to reflect the Dean Witter spin-off distribution, J was then required to make a similar calculation to allocate the revised basis of the Sears shares to reflect the Allstate spin-off in 1995. The allocation was based on the FMVs of the Allstate and Sears common shares on the distribution date.
Fed Governor Outlines 'another Alternative for the Break-up-the.
Sears was born in Stewartville, Minnesota. His father was James Warren Sears, born circa 1828 in New York, a blacksmith and wagon-maker; his mother was Eliza Burton, born in Ohio circa 1843. The family was living in Spring Valley, Minnesota, by June 1870, where his father served as a city councilman and eventually sold his wagon shop in 1875.
SEARS SPINS OFF DEAN WITTER, ALLSTATE GROUPS.
Sears finally pulled the plug on its financial services strategy in 1992, announcing it would sell or spin off not just Coldwell Banker and Dean Witter but also Allstate, which had been part of.
Sears' Seven Decades of Self-Destruction - Yahoo!.
Sears, Roebuck and Co. A Sears store at the Westland Mall in Hialeah, Florida, During liquidation sales in November 2020, with logo used from 2014 to 2019. This location closed in December 2020. Type: Subsidiary: Industry: Retail: Founded: 1892; 130 years ago () Chicago, Illinois, U.S. Founders. Sears’ decision to spin off its 80.1% holding in insurance giant Allstate appeared to be the final major step in the merchandising company’s strategy of dismantling its multi-industry.
Walmart Diversification – “The Ghost of Sears Past” | Intalytics.
Sears Appliance & Hardware was part of Sears' spin-off of its hometown and outlet divisions into a separate company in 2012 and was dissolved in 2019.... Dean Witter Reynolds In 1981, Dean Witter Reynolds was acquired by Sears in a $600 million transaction. Sears' core retail business was facing several challenges, and the company decided to. 1993: Sears spins off Dean Witter and Discover into an independent, publicly traded company named Dean Witter, Discover & Co. 1997: Dean Witter and investment banking firm Morgan Stanley Group, Inc. merge to form Morgan Stanley, Dean Witter, Discover & Co. 1998: Company adopts the name Morgan Stanley Dean Witter & Co. When did Sears spin off. The offering was part of Sears' decision last year to spin off its financial-services units, including Dean Witter, Discover & Co., and sell part of Allstate so the company could reduce its debt.
ALLSTATE INITIAL OFFERING PRICED AT THE TOP - Chicago Tribune.
The Downfall of Sears Examining Sears' decline from being the largest US retailer to bankruptcy Fall 2019... Spin Offs 8 Financial Engineering: Loans From ESL 14... management eventually chose to separate the segments, spinning off Dean Witter and Allstate in 1993 and selling its credit card portfolio to Citi for $3 billion in 2003.2.
PDF Morgan Stanley, Dean Witter, Discover & Co.
SEARS, Roebuck & Co has abandoned its grand plan to meet both the shopping and financial-services needs of the middle class, deciding to focus again on its once-mighty retail business. Sears said that next year it will spin off to stockholders the remaining $9 billion stake it has in Allstate Corp., the insurance company Sears founded in the depths of the Depression in 1931. And. Dean Witter Reynolds was founded in 1978 as the merger of Dean Witter & Co. and Reynolds Securities (with Dean Witter acquiring Reynolds), which was then the biggest merger in the history of Wall Street. The company was acquired by Sears in 1981, and was renamed " Dean Witter, Discover & Co. " in 1993 when Sears spun off the company.
Sears to drop catalog, cut 50,000 employees Retailer to... - Baltimore Sun.
Although they were going to lose their deep – pocketed parent, many Dean Witter managers welcomed the decision to spin – off the operation. Indeed, some of them felt that the Sears name wasn ’ t helping their image; in 1992, Sears posted the worst performance in its 108 – year history, a staggering $3.9 billion loss.
Sears, Dean Witter and me - Daily Republic.
20~ of DWD common stock (the "IPO"), and (2) spin off the remaining 80~ of DWD common stock to Sears shareholders (the "Spin-off"). As a result, DWD will become a publicly held company, owned principally by Sears shareholders, the same shareholders who already own DWD indirectly. You state that neither the IPO nor the Spin-off will result. In 1993, the retailer decided to sell 20% of its ownership in Dean Witter, Discover & Co. through an IPO (raising $900 million), and the other 80% was handed over to shareholders through a spinoff. NEW YORK - Shares of Dean Witter Discover, Wall Street's third-ranking retail broker and America's largest credit card issuer, began trading on the New York Stock Exchange yesterday, following a.
Spinoff Calculator - Cost Basis.
In 1993, 20% of the company was spun off from Sears to shareholders, and the company was subsequently renamed Dean Witter, Discover & Co., with two primary operating subsidiaries: Dean Witter Reynolds and Discover Card. Later that year, the remaining 80% of shares were distributed to Sears' shareholders, giving Dean Witter complete independence. For the first 16 years of her career, she worked in various leadership roles in government relations for Sears, Dean Witter, and Morgan Stanley.... She led Discover through its spin-off from Morgan Stanley. In 2004, she led Discover's efforts on an antitrust lawsuit that resulted in a $2.75 Billion payment to Discover - at the time, the.
Spinoff of Dean Witter - The New York Times.
Several years ago, after nearly a decade of lackluster stock performance, Sears abandoned its "socks to stocks" strategy by spinning off Dean Witter, Discover, Allstate, Coldwell Banker and its. On March 1, Sears sold 20 percent of Dean Witter, Discover & Co. in an initial public offering that raised $905.9 million gross proceeds. The stock went on the market at $27 and ended the day. On September 30, 1992, Sears revealed plans to spin off its three non-retail divisions, Allstate, Coldwell Banker, and Dean Witter, and to reorganize the merchandising group. A new CEO, Arthur C. Martinez, succeeded Brennan and began a turnaround of the company. In describing his vision, Martinez said, "I want to revisit and intensify the.
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