Breaking Up Is Easy To Do
Some thoughts on the latest developments at OCI.
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Contrary to Neil Sedaka’s signature refrain, it seems that breaking up has been a relatively easy task for Value Sits Model Portfolio name OCI Global (OCI). On Monday the company announced that it had agreed to sell its global methanol business to Methanex Corporation (MX / MEOH ) for $2.05bn, further advancing its ongoing break-up story.
While there are a few nuances to the transaction, it constitutes another significant step by management in unlocking previously overlooked value for shareholders.