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DIAL CORP. Scottsdale, Arizona Buyout Or No Buyout, Soap Maker Cleans Up.(THE NEW AMERICA)
Byline: AMY REEVES
Is Dial Corp. for sale?
That's what Wall Street wondered in August, when newly appointed Chief Executive Herbert Baum commented on the soap maker's strategic direction.
"The board concluded that, in order to maximize shareholder value and ensure that our products remain competitive in the future, the company should be part of a larger enterprise," he said at the time.
Baum and other executives declined recent requests for comment. But it's been almost 10 months, and no deals seem to be in the works.
Analyst William Steele of Banc of America Securities suggests that the story got overblown.
"Herb said: "We're going to go it alone for the foreseeable future. However, we believe in the longer term this company could be a better fit in a larger organization,' " Steele said. "Then it hit the tape: "Dial's for sale.' "
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- Newspaper article from: Knight Ridder/Tribune Business News July 24, 2003 700+ words
...Securities analyst Bill Steele, who specializes in consumer...its core competency," Steele said. For the second ...uarter, Dial's personal cleansing...to be now," he said. Steele said Baum piloted Dial through a remarkable turnaround...
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- Newspaper article from: Knight Ridder/Tribune Business News August 4, 2001 700+ words
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- Dial Corp. Posts Profit for 2002, Despite Charge.
- Newspaper article from: Knight Ridder/Tribune Business News January 30, 2003 700+ words
...Securities analyst Bill Steele, who has been watching Dial for several years...analysts estimates, Steele said, but for...seven quarters Dial has beat them...itself, Baum said Dial is still on the...at the table. Steele said that's not...
- Scottsdale, Ariz.-Based Soap Maker Dial Sees Net Income Rise to $33.4 Million.
- Newspaper article from: Knight Ridder/Tribune Business News July 18, 2002 700+ words
...boosting sales in a down market, Dial also whittled away at Baum's other...million from the same quarter 2001. "Dial's cash flow is spectacular," said Bill Steele, Banc of America Securities analyst. "Dial is consistently outperforming its...
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- Newspaper article from: Knight Ridder/Tribune Business News Wiles, Russ January 26, 2000 700+ words
...expectations," Mal Jozoff, Dial's chairman and chief executive...t impressed. They bid down Dial stock to $17.25, off $2...38 a share June 30. William Steele, an analyst who covers Dial for Bank of America Securities...