1. ABB Rejects Shareholder Calls to Spin off Power Grids

    ABB Rejects Shareholder Calls to Spin off Power Grids

    ABB rejects shareholder calls to spin off Power Grids Tue Oct 4, 2016 9:39am EDT [ - ] Text [ + ] By John Revill ZURICH (Reuters) - ABB ABBN.S will keep its Power Grids business in a rejection of demands from an activist investor to spin it off and the Swiss engineering group has also unveiled plans for a $3 billion share buy back from next year...

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    1. ABB is a collection of top-quality businesses whose performance has been hindered for many years by the company's conglomerate structure.
    2. The board has decided to keep the conglomerate structure. We think this is an unfortunate decision. The board and management team will be held accountable for realising 35 francs.
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