Dial Considers Selling Itself; Warns of Profit Shortfall
Eduardo PorterStaff Reporter of The Wall Street Journal
Dial Corp. is considering the possibility of putting itself up for sale, said Herbert Baum, who took over five weeks ago as chief executive officer of the Scottsdale, Ariz., consumer-products concern.
Mr. Baum said other options Dial is considering include selling individual businesses, forming an alliance with another company, and remaining independent. He said management will make a decision on its future course by the middle of next year. The company has a market capitalization of just over $1 billion.