Standard Diversified spins off Standard Outdoor to protect it from troubles with its other businesses (Billboard Insider)
Insider’s take: Standard Diversified spun the out of home assets into a new entity to shield it from the troubles impacting the company’s vaping/smoking/insurance business. The company’s New York insurance business is in the midst of a liquidation. The vaping/smoking business has financial and regulatory troubles. […]
Wed, Jun 3, 2020 at 3:41 PM