Activists love a hybrid. Their oldest pitch is to break up some big company, betting the market will put a much higher multiple on the untethered bits and make the new sum of the parts greater than the old whole. There’s usually a buyback or special dividend thrown in, too.

Ford Motor Co., which reported results this week, is not only a hybrid, it actually sells hybrids, too. Even better, it wants to sell more hybrid vehicles to address its problem of being a corporate hybrid. On any reading, that’s a lot of hybrid for activists to ignore.

QOSHE - Ford’s the Kind of Hybrid That Activists Crave for a Joyride - Liam Denning
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Ford’s the Kind of Hybrid That Activists Crave for a Joyride

7 0
08.02.2024

Activists love a hybrid. Their oldest pitch is to break up some big company, betting the market will put a much higher multiple on the........

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