MCM Looking Forward To Spin-Off Plans Enhancement Of Services
SERVICES
Third-party commentary service provider McCarthy Crisanti & Maffei (MCM) will be spun-off to its shareholders ahead of its parent's imminent sale to Morgan Stanley, officials say. Clayton Dubilier & Rice (CDR), an LBO firm, is the controlling shareholder of MCM's parent Van Kampen American Capital.
David Nixon, president and chief operating officer of MCM, says that it is splitting from Van Kampen and expects to be directly owned by CDR by the end of July. CDR is retaining an 87 per cent share in
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