Te market response to this action was immediately

Assignment Help Finance Basics
Reference no: EM13576393

Under pressure from outside investors, including corporate raider Carl Icahn, USX Corporation, the parent corporation for U.S. Steel and Marathon Oil, announced a plan to split its stock into separate steel and energy issues. The market response to this action was immediately positive, with the stock price of USX increasing $2.37 to close at $31.25 on the day of the announcement. Why do you think this action by USX was so well received by the stock market?

Reference no: EM13576393

Questions Cloud

A patient is seen at a clinic a recent epidemic in town : questiona patient is seen at a clinic. a recent epidemic in town shows that the probability that the patient suffers
Stanley childrens hospital reported an average cost per : stanley childrens hospital reported an average cost per discharge of 6500 for the quarter with 300 discharges and an
To test the efficacy of admissions or release an emergency : questionto test the efficacy of admissions or release an emergency room embarks on a controlled experiment. each
Survivor company was formed on january 1 2009 by selling : survivor company was formed on january 1 2009 by selling and issuing 25000 shares of 12 par value common stock at 15
Te market response to this action was immediately : under pressure from outside investors including corporate raider carl icahn usx corporation the parent corporation for
Explain how accrual accounting differs from cash-basis : explain how accrual accounting differs from cash-basis accounting adjust the accounts an accountant made the following
What circumstances led to the passage of sarbannes-oxley : what circumstances led to the passage of sarbannes-oxley? do you think this act has been successful? why or why not?
Hal gore won a 1 million prize for special contributions to : hal gore won a 1 million prize for special contributions to environmental research. this prize is awarded for public
Name the patients p1 p2 p3 p4 of these 4 patients 2 are : question 1to test the efficacy of admissions or release an emergency room embarks on a controlled experiment. each

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd