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ITT Says Spin-Offs of Businesses On Track For This Year

Defense Daily Staff Defense Daily Staff
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ITT Corp. [ITT] yesterday said that the break-up of the company into three separately traded public companies remains on track to close this year but won’t have a more definitive date until government watchdogs complete a review of new financial and organizational material it released yesterday about each business. The Form 10 filed with the Securities and Exchange Commission (SEC) is a standard part of the spin-off process but also a key milestone in ITT’s break-up into three separate companies:…

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