Under pressure from outside investors, including corporate raider Carl Icahn, USX Corporation, the parent corporation for U.S.

Question:

Under pressure from outside investors, including corporate raider Carl Icahn, USX the parent for U.S. Steel and Marathon Oil, announced a plan to split its stock into separate steel and energy issues. The market response to this action was immediately positive, with the stock price of USX increasing $2.37 to close at $31.25 on the day of the announcement. Why do you think this action by USX was so well received by the stock market?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...