For example, pressures from non-profit-oriented stakeholders may generate reputation costs to the top managers, relating to the negative public opinion on asset divesture
The company also expects to record a profit of approximately $1 billion from the divesture
of its retail fiance business.
provided Escalon with a stronger balance sheet and provided additional working capital, both of which enable it to grow its business.
Fitch expects proceeds from all of these divestures
to be used for investments into its core businesses, acquisitions and for return of capital to shareholders (dividends and/or share buybacks).
04 charge related to store divestures
which were not included in, and continue to be excluded from, the Company's 2009 annual outlook.
does not affect Recruitmax's core performance management applications.
Merrill Lynch Petrie Divesture
Advisors served as the exclusive advisor on this transaction.
Davidson, Chief Executive Officer of Encore Medical Corporation, stated, "This divesture
provides us with a strategic opportunity to reduce our indebtedness and focus additional resources on the continued growth of our core surgical implant and orthopedic rehabilitation product lines.
Bachmann, EPL's Chairman and Chief Executive Officer, commented, "We are very pleased to have received this compelling offer, which encouraged us to break out the onshore portion of our divesture
package to accommodate the sale.
Per the divesture
plan, Vault Financial's shareholders will receive entitlements to acquire one share of Finegold Services for each 20 shares of Vault Financial that they own as of 11:59 p.
Fitch will monitor the outcome of Kodak's ongoing review of potential uses for the remaining proceeds from the divesture
of minor interests, the Company shall retain a 65% working Interest and shall be the operator of the field.