The former ITT Corporation avoided many of the missteps of other major public firms when it spun off two companies, ITT Exelis and Xylem, this week.
Investor relations professionals say ITT's spinoff process could serve as a model in terms of how to communicate such a complex corporate move.
“They have made a very good case in terms of why they spun off those two businesses,” says Gene Marbach, group VP at Makovsky & Company. “They've done everything right.”
Angela Buonocore, ...