Opinion: Catalina's buy-in

Legacy companies do not belong in the public markets.
At least that seems to be the view of Catalina. The run-off
carrier has confounded market gossips - who had long been
whispering about an IPO - andinstructed BarCap to run a process that will see bidders
invited to present proposals to buy into the firm.
Catalina seems invariably to be paired with its larger peer
Enstar, which is publicly traded on the New York Stock Exchange.
And so many...