Top Spin Offs Of The 1990s

Spin-offs are a great way to bring forth hidden value. That's the conclusion of a study by two Penn State B-school profs, James Miles and Randall Woolridge. Why? A good division might be stifled under the leaden leadership of its parent, starved for capital and management focus. But once granted its freedom, profits and stock often zoom. This decade, the champ is packaging producer ACX Technologies, once part of the Adolph Coors beer empire.

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