When adjusted for approximately $170 million of expected tax benefits, the
net transaction value is approximately $1.56 billion.
When adjusted for approximately $170M of expected tax benefits, the
net transaction value is approximately $1.56B The transaction has been approved by the Board of Directors of each company and is subject to customary closing conditions, including receipt of applicable regulatory approvals.
As a rule, central banks mandate all depository institutions to keep an amount of funds in reserve against their total
net transaction accounts.
The
net transaction consideration has been settled in cash.
For the 2016 guidance, the company is providing combined guidance and has assumed the Health
Net transaction closes on 1 February 2016.
Price declines were more immediate in the spot Asian markets; from November to February, prices--using IHS Chemicals'
net transaction price estimate for LLDPE butene film resins--declined by $455 (U.S.) per metric ton, or 28%.
Currently the Federal Reserve's Board of Governors mandates that, for
net transaction accounts in 2015, the first $14.5 million will be exempt from reserve requirements.
These reserves, called "required reserves," are 10% of the deposit amounts for larger banks (with
net transaction accounts of more than $89 million) and 3% for smaller banks (those with
net transaction accounts between $13-3 million and $89 million).
Banks are required to set aside a specified portion of
net transaction accounts--mostly checking accounts--as reserves.
The divestment, expected to be completed by the close of 2011, is seen to fetch a
net transaction result of around EUR1bn.
Under the terms of the definitive agreement Microsemi will launch a cash tender offer at USD7.00 per share for a
net transaction value of approximately USD100m, net of White Electronic's projected cash balance at closing.
