It turns out that Vivendi is concentrating on the entertainment side of their business and sold off the water business to a company named Veolia, who in turn sold off US Filter to Siemens, the German giant, but sold Culligan to a private investment group, Clayton Dubilier and Rice (CDR). Well, we can't buy shares in CDR.
Presumably, CDR will manage Cullican for a couple of years, improve the bottom line and then sell the company to some other corporation. CDR did that with Kinko's. eventually selling Kinko's to Fed Ex.
Man this investing business is tough. I'm giving up for today.
1 comment:
Hi Dad! I love you. You need a new post. Thanks for the milk and desserts on Mothers Day! It was nice having some time with you and Mom. You are the best parents a girl could have!
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