I talked with a friend in private equity (He works at Blackwell) and he says that CST will soon be spun off to private equity. So just like Diabetes, folks that work at CST - you can expect to soon work for a spin off. Also FWIW, the company name has already been decided, it will be Aible. Good luck!
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Why? It will lead to more layoffs.
I work at CST and I hope this is true.
Elliott = id--t!
@aj Stryker did it, J&J is working on it. Elliott has shown many times that it takes companies that are underperforming compared to peers and force them to copy competitors strategy to drive up share value in short term - regardless if it is a good idea long term. See Southwest airlines or Pepsi Co as recent examples. Other companies like Toyota just have more of a backbone to stand up to Elliott’ and their shorter term goals that are often veiled as supporting shareholder interests.
@OP Blackwell? You mean Blackstone? I wish I worked with smarter colleagues. Why isn't that question on the OHS?
@OP Why do you think they would do that if CST is doing well?
I'm not surprise. When news that Elliot Investment Management became one of the largest shareholders in Medtronic came out, it was only a matter of time when they will break up Medtronic and sale them. This has always been the game plan for large PEs. This means large layoffs, more work for those who are left, and large bonuses for the shareholders.
Earl Bakken will be rolling in his grave.