Dial Corp. to split consumer products business from services company.
This article was originally published in The Tan Sheet
Executive Summary
DIAL CORP. SPLIT UP WILL CREATE "PURE PLAY" CONSUMER PRODUCTS COMPANY with "access to more fairly-priced capital" and a "price/earnings multiple competitive with that of its peers," the consumer products giant explained Feb. 15. The company's strategic restructuring plan will split Dial into two independent, publicly-traded companies -- a consumer products business and a services company. The transaction is expected to be completed by the end of 1996.