Use of asset divestiture
proceeds and company performance
The acquiring firm has the capacity to absorb the clients identified for divestiture
The Board's approval is specifically conditioned on compliance by BB&T with all commitments made in connection with the proposal, including the divestiture
commitments discussed in the order.
That's why a successful divestiture
requires that the company define its goals, measure its progress against those goals and be flexible enough to adjust to changing conditions throughout the process.
Chapter 13 is a brief description of the new economic policy, features of the divestiture
policy, reaction to the divestiture
policy and implementation of divestiture
BB&T has committed to execute, before consummation of the proposal, a sales agreement for the proposed divestiture
with a purchaser determined by the Board to be competitively suitable, and to complete the divestiture
within 180 days of consummation of the proposal.
After the proposed merger and divestiture
, Chittenden would remain the third largest of seven depository institutions in the market, controlling deposits of $102.
Shilkret said that while the branch divestitures
are required by the Department of Justice and state Attorney General's Office to eliminate antitrust concerns, Wells plans additional branch closures to cut costs.
Shield Corporate Finance, the international divestiture
specialists, served as financial advisor to UCI on the transaction.
of PEG will also enable Magnetek to reduce selling, general and administrative expense (SG&A) and interest expense substantially, resulting in positive operating profit and cash flow.
5 million (representing compensation for loss of opportunities and expenses incurred in connection with their discussions) if, under certain circumstances, discussions regarding the proposed divestiture
are terminated without execution of definitive agreements.
Nasdaq:DRRA), today announced that it has completed the divestiture
of DURA Automotive Systems KEhler GmbH, based in Lippstadt, Germany, to an entity controlled by HANNOVER Finanz Group, headquartered in Hanover, Germany.