Core Holdings.. a prize Raffle?
China Post just reported the following: Singapore’s iconic 117-year-old Raffles Hotel has been sold, along with 40 other hotels and properties worldwide to U.S.-based investment fund Colony Capital LLC for S$1.72 billion (US$1 billion; euro846 million), including debt, its former parent Raffles Holdings Ltd. said Monday. I got to wondering about companies that sell their core businesses: why?… Read More »