{"id":67124,"date":"2018-12-18T01:15:04","date_gmt":"2018-12-18T06:15:04","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=67124"},"modified":"2018-12-18T01:24:24","modified_gmt":"2018-12-18T06:24:24","slug":"swiss-giant-abb-finally-does-what-the-hedge-fund-wants","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2018\/swiss-giant-abb-finally-does-what-the-hedge-fund-wants.html","title":{"rendered":"Swiss Giant ABB Finally Does What the Hedge Fund Wants"},"content":{"rendered":"<p>(Bloomberg) ABB Ltd, the sprawling Swiss industrial giant, is lopping off its biggest limb to try to help simplify its conglomerate structure. CEO Ulrich Spiesshofer had previously resisted demands from the activist investor Cevian Capital to separate its power grids unit, which contributes a quarter of ABB\u2019s sales but comparatively little profit. On Monday he capitulated, with the company saying it will sell a majority stake in the unit to Japan\u2019s Hitachi Ltd and return roughly $7.7 billion of net proceeds to shareholders. <\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2018-12-17\/swiss-giant-abb-finally-does-what-the-hedge-fund-wants\">To read this article:   <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) ABB Ltd, the sprawling Swiss industrial giant, is lopping off its biggest limb to try to help simplify its conglomerate structure. CEO Ulrich Spiesshofer had previously resisted demands from the activist investor Cevian Capital to separate its power grids [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67124","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=67124"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67124\/revisions"}],"predecessor-version":[{"id":67129,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67124\/revisions\/67129"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=67124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=67124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=67124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}