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English to Chinese translations [PRO] Bus/Financial - Investment / Securities / CEO
English term or phrase:With a breakup off the table
For months, billionaire investor Carl Icahn pushed to oust Parsons and split up Time Warner. He dropped the effort in February after reaching an agreement with management. The shareholder activist isn't going away, however, and in August he boosted his Time Warner holdings to 49.6 million shares, or around 1.2% of the total.
With a breakup off the table for now, the pressure is on Parsons. "We think investors will increasingly look at management to improve operations at each of its businesses," says Citigroup analyst Jason Bazinet in an Aug. 18 report. Bazinet has a buy recommendation on the shares. (Citigroup has an investment banking relationship with Time Warner, owns 1% or more of the company's shares, and makes a market in its securities.)