Kansas City Southern spinoff advances

Article Abstract:

Kansas City Southern Industries Inc. is going ahead with its proposed spinoff of its financial services operations. The newly-spun off firm will be named Stilwell Financial Inc. Janus Capital Corp. executives and workers are opposing the spin off who are calling on their firm to be spun off separately from Kansas City Southern's other financial services businesses. Kansas City Southern owns 82% of Janus Capital.

Organizational history, Railroads, Rail Transportation, Stilwell Financial Inc.

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Neuberger panel votes to revive IPO

Article Abstract:

Neuberger Berman LLC's executive committee has called on the company to restart its proposals for an initial public offering (IPO). The company's 70 partners will vote on the proposal on July 26, 1999. Neuberger is a money management company based in New York. The company approved of an IPO in 1998, but market instability caused its postponement in October 1998.

Comment:

Executive committee calls on company to restart proposals for initial public offering

Strategy & planning, Depository Credit Intermediation, Money Management Accts & Svcs, Asset management accounts, Neuberger Berman L.L.C.

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Kansas City Southern spinoff is set

Article Abstract:

Kansas City Southern Industries Inc.'s spinoff of its financial services units is expected to take place by July 2000. The spinoffs have been postponed for months.

KSU

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