PerkinElmer Incorporated (PKI)

[DewDiligence]

When all is said and done, split-ups rarely add shareholder value because there are substantial one-time costs (including banking fees) from implementing the separation.

If a suitor were interested in acquiring part of PKI, it could bid for that part of the company directly (or buy the whole company and divest the part it didn’t want). In other words, by staying as one company, PKI isn’t squelching interest in a possible takeover.