The purchase marks the latest large transaction by a real estate investment trust, or REIT, as they look to expand their portfolios quickly to take advantage of the premium investors are paying for fast-growing, diversified companies
The majority of diversified companies
demonstrate solid credit metrics within their respective rating categories, largely reflecting the impact of favorable economic conditions in recent years.
While Fitch believes the operating performance of the global diversified companies
has been stable due to their diverse revenue sources and substantial FCF, which gives them 'lead time' in a rapidly changing landscape; there is also a negative bias to the ratings, as management teams may continue to become even more shareholder friendly regarding capital structure decisions.
The Company's principal direct subsidiaries include Pulte Diversified Companies
upstream oil and gas investment in 2003, accounting for two thirds of capital outlays, while Integrated and Diversified companies
continued to migrate capital overseas, according to the annual research analysis of John S.
We are pleased to add to our board someone with Michael's operational experience in running strategic and corporate development functions at both large and small diversified companies
Diamond also serves as Chairman of True North Diversified Companies
, a division of True North Communications (NYSE:TNO), a global marketing firm with revenues in excess of $1.
Umberto Quadrino, who was also co-chairman, left the company to become executive vice president of the Fiat Group with responsibility for Fiat's automotive components and industrial diversified companies
in Turin, Italy, while Pei-yuan Chia, former vice chairman, Citicorp and Citibank, N.
True North has three major advertising agencies -- Foote, Cone & Belding Worldwide and Bozell Worldwide, both global, and Temerlin McClain, a strong national agency -- and a Diversified Companies
In addition to further expanding FCB's leadership positions in key international markets, True North said that it will continue to build its Diversified Companies
brands with a focus on making BSMG Worldwide and Marketing Drive Worldwide global leaders in public relations and marketing services, respectively.
True North has three major advertising agencies - Foote, Cone & Belding Worldwide and Bozell Worldwide, both global, and Temerlin McClain, a strong national agency - and a Diversified Companies
Clarke remarked, "While the Diversified companies
have generally different characteristics than our core group, they benefit from having a high degree of positive cash flow.