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As it was for so many others, 2010 was a year of change for Steven J. Bensinger, the departing CFO of The Hanover Insurance Group, Inc. (THG). A couple of weeks ago, Bensinger announced that he’ll be leaving Hanover to “return to the New York area.” Bensinger’s stay at Hanover was surprisingly brief. He just arrived [...]
When Unilever (UN) announced on Sept. 27 that it planned to buy Alberto Culver (ACV) for $3.7 billion cash (which would pay investors $37.50 per share), CEO Paul Polman opined that the acquisition provides strategic organic growth opportunities for the Netherlands-based company and its various divisions. Hopefully that’s true, but the deal will yield a pretty nice [...]
In today’s episode of “Who Wants to Be a Merger Millionaire?,” we tune in to Hawk Corporation (HWK), a company that supplies friction products for the transmissions, clutches, and brakes used in vehicles, airplanes, and farm, mining, and construction equipment. Carlisle Companies, Inc. (CSL) is buying Hawk in a $413 million cash deal that gives stockholders [...]
Last Friday, we reported that Office Depot, Inc. (ODP) had settled a case with the Securities and Exchange Commission and paid a $1 million fine. According to the SEC, company insiders had violated federal disclosure rules by tipping off selected analysts that earnings would not meet estimates. In addition to the company’s fine, two executives, CEO [...]
SUPERVALU Inc. (SVU) announced this summer that its chief financial officer of 13 years, Pamela Knous, would step down to pursue other career interests. With a name like SUPERVALU — and with a chain named Shop ‘N’ Save, in addition to the more prosaic names like Albertson’s and Jewel-Osco — you’d expect a bargain send-off. Or [...]
