On Tuesday, Shares of KeyCorp (NYSE:KEY), added 2.14% and closed at $12.41 in the last trading session. The last trading range of the stock ranges between $12.18 and $12.56. Key Private Bank, the wealth administration arm of KeyCorp (KEY), recently released the results of its most recent advisor poll, which examines how the decisions business owners make can impact their wealth in retirement. The poll surveyed 137 Key Private Bank client-facing advisors who specialize in working with business owners to navigate exit strategies, manage succession planning and prepare for retirement.
“Whether navigating family dynamics, finding it difficult to let go or making unrealistic assumptions about a company’s valuation, business is often very personal,” said Francis Brown, Wealth Specialist at Key Private Bank. “For business owners, the most common wealth administration pitfalls result from emotional ties to their company. That’s why it’s extremely important for business owners to be candid with their financial advisors early on about all aspects of their lives.”
Philip Morris International Inc. (NYSE:PM), dropped -1.30% and closed at $96.10 in the last trading session. The last trading range of the stock ranges between $96.06 and $97.62. The company’s Market capitalization is $149.39 Billion with the total Outstanding Shares of 1.55 Billion. Philip Morris International Inc.’s (NYSE/Euronext Paris: PM) senior administration reviews the company’s business outlook and long-term growth strategies at a two-day shareholder meeting starting recently at its Operations Center in Lausanne, Switzerland.
“The core components of our business model hold great promise for our shareholders and our broader stakeholder base. We will continue to lead the combustible product category, leveraging the great strengths of our existing business to deliver against our current growth algorithm,” said André Calantzopoulos, Chief Executive Officer.
“We aim to become the undisputed leader of the Reduced-Risk Product category with the highly ambitious objective of having RRPs eventually replace combustible products to the benefit of adult smokers, society and our company.”
Office Depot Inc (NASDAQ:ODP), lost -0.84% and closed at $3.55 in the last trading session. The last trading range of the stock ranges between $3.54 and $3.60. During the 52-week trading session the minimum price at which share price traded, registered at $3.11 and reached to max level of $7.99. Office Depot, Inc. (ODP) recently declared that it intends to sell its European business to The AURELIUS Group.
Office Depot had formerly revealed its intention to explore planned alternatives regarding its European business, under a process that began earlier this year.
“The sale of our European business will allow us to streamline operations and focus our resources on markets that will provide the best opportunity to implement our recently declared three year planned plan,” said Roland Smith, chairman and chief executive officer for Office Depot. “The AURELIUS Group has a proven track record of positioning its acquisitions for future success and we look forward to working with them to complete this transaction.”
Since 2005 AURELIUS has accomplished more than 70 transactions across Europe and specializes in investing in companies and corporate spin-offs, in addition to complex divisional carve-outs from corporates.