Purdy-Kresge Library all divisions into one general library. The merger began with the renovation of the General Library which was renamed the Purdy Kresge Library and all services were stationed on the first floor. In September 1969, Purdy passed but his name will live on at Wayne State University. In 1972, the Wayne State Board of Governors supported the renaming of the General Library as the G. Flint Purdy Library because of his dedication to libraries and Wayne State University. The Purdy-Kresge Library is also named after Sebastian S. Kresge. Kresge was the founder of the S.S. Kresge Company. The company started
Conglomerate discount parts and may also help each business pursue independent strategies. Therefore, identifying and removing a conglomerate discount may be a profitable investment strategy. Recent examples of deconglomeration in the US include ITT, Motorola, Fortune Brands, Marathon Oil, Genworth, and Sara Lee Corporation. The results have generally been quite positive. For example, ITT’s shares went up by some 11% on the breakup announcement, creating roughly $1B in value. Conglomerate discount Conglomerate discount is an economic concept describing a situation when the stock market values a diversified group of businesses and assets at less than the sum of its parts. The explanation