Divestiture is good for you, very good for America!" and "OGE applauds the 'total' divestiture decision. Bravo!
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The draft order raised questions about the divestiture of stations in Dallas and Houston as well as representations made by Sinclair about the divestiture of WGN-TV in Chicago.
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Ongoing Divestiture Program: CHS has completed or announced further asset sales, including divestiture of several more hospitals, some medical office buildings and an 80% share of its home health business.
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"We are not surprised to see the divestiture," Kumar said.
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It also bid, but lost, on a divestiture by Nexstar.
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In the proposed Halliburton-Baker Hughes merger, the parties proposed a $7 billion divestiture – one quarter of the $28 billion purchase price – and the DOJ still found this divestiture insufficient to fix the deal's problems.
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Critics argue that the aim is to make divestiture more difficult.
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I believe that portion of that divestiture has also been closed.
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He was one of the leaders in the anti-divestiture campaign.
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POST DIVESTITURE THERE WOULD STILL BE SIX PLAYERS IN THE SPACE.
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DSM is working with Rothschild on the divestiture, the sources said.
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Divestiture is important because the antitrust agencies have no real alternative.
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Brazilian regulators are requiring divestiture of two Ball plants in Brazil.
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Alantra acted as financial adviser for IK Investment on the Transnorm divestiture.
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The pipeline operator is the largest divestiture in Petrobras' asset sales program.
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There is no certainty that a divestiture will occur, the sources added.
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But AT&T says the government's divestiture request could be politically motivated.
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Divestiture would also give investors more choice and control about investment risks.
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Now he does, and he supports the divestiture of Turner and CNN.
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CO.,LTD * Says divestiture date is April 1 Source text in Korean: goo.
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However, the UBS analysts said they expected the divestiture process to be competitive.
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"This divestiture does what handing over control could never have done," read another.
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"The proposed divestiture will fully resolve all competition concerns," the Justice Department said.
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Divestiture resolves conflicts of interest in a way that transferring control does not.
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A divestiture of NordLB's retail banking unit Braunschweiger Sparkasse is also under consideration.
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And that was a divestiture of only 12,700 lives in 85033 rural counties.
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Unlike the Brazil deal, that Asda divestiture will net Walmart about $4 billion.
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In recent years, gun-control activists have turned to divestiture as a tactic.
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"After its divestiture, ground soldiers and pilots alike wished we still had it."
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Excluding the impact of a divestiture, revenues grew 4% on a constant dollar basis.
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It is not clear what the divestiture means for the debt on the property.
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However, Halliburton has yet to make a formal divestiture offer to the European Commission.
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This careful divestiture has unlocked development and is reshaping the landscape in prime Brooklyn.
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U.S. JUSTICE DEPARTMENT APPROVES T-MOBILE'S PURCHASE OF RIVAL SPRINT CORP WITH DIVESTITURE CONDITIONS
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The divestiture includes about 155,000 net acres mainly located in Dimmit and Webb counties.
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During the divestiture process, her financial account manager purchased some potentially conflicting stock holdings.
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OGE tweet theories: misplaced praise, sneaky condescension, hacked account, inside knowledge of divestiture plans.
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Given the scope of the president's job, immediate divestiture usually makes the most sense.
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This is a curious departure from Stanford's divestiture in coal companies two years ago.
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The potential divestiture process is being led by JMP Securities, a company spokeswoman said.
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The Justice Department said that the divestiture was a condition to winning final approval.
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Haller believes regulators are pushing for a bigger divestiture than the firms had anticipated.
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After tax, proceeds from the divestiture are expected to be around $500 million, it added.
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The first effort was the Barnett Shale divestiture announced August 10, which is expected to .
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Ashland said the divestiture was a part of its plans to focus on specialty chemicals.
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The divestiture would be the latest in a string of asset sales GE is exploring.
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"We have a divestiture plan that the board approved in March," Lima said, without elaborating.
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The mega merger failed the public interest test and divestiture conditions required by the FCC.
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The divestiture talks, the source said, are a sign that regulators don't staunchly oppose the merger.
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From this sort of divestiture, additional carve-outs and spin-offs often follow suit, bankers said.
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The CMA said the only effective remedy would be the total divestiture of Trayport by ICE.
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"His focus on divestiture at banks in reducing their size is actually pretty important," he said.
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Devon has also sold its non-core assets, completing a $221 billion divestiture program in October.
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"We will try but I suspect our divestiture plans and proceeds will be lower," he said.
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" Smith later said "the multiple from our 30-hospital divestiture plan is approximately 12 times EBITDA.
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I mean, I would quite surprised to see that-- that divestiture-- was-- was proposed or offered.
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And so, you know, it's-- it's-- you always look mean and tough if you do divestiture.
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The deal to acquire Brocade is not conditional on the divestiture of Brocade's IP Networking business.
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Fourth, a divestiture is unlikely to be worth more than the paper it is printed on.
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Leverage has remained at or below 1.8x since the company's diabetes divestiture in early February 2014.
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Instead of a detailed divestiture plan, Mr. Trump and his family have discussed several half-measures.
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The divestiture figure is also higher than the $26.9 billion previously disclosed by the oil company.
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The history of federal land ownership has been largely one of divestiture and public use, not acquisition.
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Olsen also said the divestiture of Lafarge's India business would be completed in three to four months.
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Yet Honeywell believed that government regulators would require only a small divestiture of the two companies' businesses.
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The industrial conglomerate has seen steady improvements in recent quarters despite the massive divestiture of GE Capital.
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"The Senate Armed Services Committee has a specific rule about complete divestiture of business interests," Kidder said.
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A tough question is whether AT&T would consider a divestiture to put the matter behind them.
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Revenue fell 9 percent to $8.2 billion, hurt by the divestiture of its low-margin bottling operations.
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Nothing short of a complete divestiture and a rebranding of all his properties will resolve this problem.
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A divestiture of all of that land would be among the largest shale acreage sales to date.
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Revenue fell 8 percent to $8.93 billion, hurt by the divestiture of its low-margin bottling operations.
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The latest forecast includes a 2% fall in sales due to the divestiture of the chips business.
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The most prominent divestiture was Kantar, an assortment of research, insights, and consulting businesses founded in 1992.
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In the absence of blocking it, Conrath urged the judge to consider a divestiture, or asset sale.
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It raises the question of why preserving the antitrust remedy of divestiture is so important to regulators.
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Ultimately, an overstated defense of the divestiture remedy may reflect the single oldest criticism of antitrust law.
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KEY ASSUMPTIONS Fitch's key assumptions within the rating case for Avnet include: --Fitch expects organic revenue growth in the low single-digits; --EBITDA margin expansion from the divestiture of the lower margin TS business and synergies; --Fitch expects $80 million of synergies from the TS divestiture; --Small- to medium-sized acquisitions over the rating horizon to build out the digital platform; --Fitch expects $1 billion to $1.5 billion of debt repayment over the near-term after the divestiture is completed.
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Veon Ltd: * VEON AND MEGAFON COMPLETE DIVESTITURE OF EUROSET JOINT VENTURE Source text for Eikon: Further company coverage:
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For the reported quarter, net sales declined 13 percent to $2.20 billion as a result of the divestiture.
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Natural gas field assets in Thailand are also part of the company's divestiture plans, according to the report.
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The divestiture of BC's small, labor and capital intensive bowling business in 2014 also improved the operating profile.
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Dish would also buy prepaid carrier Boost Mobile and additional spectrum as a divestiture to clear regulatory hurdles.
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The FTC may be doubly careful after it was stung by the failure of an earlier retail divestiture.
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Smith said the multiple from the entire 30-hospital divestiture plan, including working capital, was 12 times EBITDA.
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The next expected divestiture is the sale of gas pipeline network TAG, which is in its final stages.
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The asset sale would represent divestiture of 65 percent of the company's revenue, Resende said in his vote.
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Net sales dropped 2.8% to $3.37 billion due to divestiture of its Keebler biscuits brand and other assets.
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Newell announced it was ending its divestiture program and will keep two units it had planned to sell.
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"Today, I would be 75 percent of it getting done on the current terms, without divestiture," Malone said.
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Some of the partners, such as Eletrobras and Cemig, are conducting divestiture programs to cut large debt loads.
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The U.S. Treasury Department gave Rusal a reprieve on Thursday by extending the divestiture deadline to Aug. 5.
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T). ANZ expects to log a loss of A$30 million ($22.59 million) following the divestiture, it said.
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The hedge fund does believe there are divestiture opportunities, but, again, this is more about wanting management changes.
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The divestiture plan was disclosed in filings posted online over the weekend by the U.S. Office of Government Ethics.
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The Otezla divestiture would significantly cut the value of the Celgene deal, and sent Bristol-Myers' stock down 7%.
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To get the merger done, regulators made that divestiture a condition; Harris had already struck the deal with Elbit.
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Intel says the stock sale was unrelated to the vulnerability and came as part of a planned divestiture program.
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"The process of his divestiture is going really well considering how complex it is," Mr. Bastianich said last week.
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The lawyer, Sherri Dillon, outlined various reasons why a full divestiture by the president-elect might not be practical.
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It's clear that the scope and complexity of Trump's holdings create a bigger divestiture challenge than other modern presidents.
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Dubke was also frustrated to go through an arduous divestiture process for a principal who wasn't following a plan.
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It's very difficult to believe the government won't demand some level of divestiture of those plans, at a minimum.
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The Justice Department favors divestiture, meaning Time Warner might have to sell one of President Trump's favorite targets: CNN.
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Shut Down DC called on the World Bank to lead a private sector divestiture from the fossil fuel industry.
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Petrobras, as the company is known, said in a securities filing that it plans to continue with NTS divestiture.
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Following debt reduction, Fitch expects excess cash from the divestiture to be used for M&A and shareholder returns.
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Dish will also walk away with prepaid carrier Boost Mobile and some Sprint wireless spectrum as a mandated DOJ divestiture.
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Any further asset sales required by regulatory bodies would be "very small" compared with its crop protection divestiture, Breen said.
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However, it is unlikely we will see complete divestiture until an incident happens that causes harm to his personal finances.
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In part because of the complexity of his holdings, Trump's assets presented his legal advisors with a major divestiture challenge.
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Following its divestiture of Craftsman last year, Sears confirmed it's been looking to spin off some of its other assets.
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Aetna shouldn't be overly confident that simply throwing out a big divestiture number will result in their deal being approved.
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Hancock says he is looking to nail down details about the divestiture in "the next fortnight" before pursuing further actions.
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The regulator said it was also seeking submissions about whether a divestiture would address competition concerns in the concerned region.
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The company will also consider whether to proceed with the divestiture of Cristal's Ashtabula, Ohio, two-plant titanium dioxide production complex.
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Existing reservations that rely on the code-sharing would be taken into consideration for the timing of the divestiture, he said.
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He said that the divestiture of the right was already underway before Kushner's sister made the comments in the first place.
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"If it turns out that ... divestiture is a better approach, then that can always be recommended down the track," he said.
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And its consolidated underlying sales growth, adjusted for the divestiture of its margarine-spreads business, came to 3.1 percent for 2018.
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FABER: GOOD THEY WALKED IN WITH A DIVESTITURE PACKAGE AND THEY'VE BEEN SLOW WALKED FOREVER HERE AND NOTHING IS GETTING DONE.
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Such a sale may, in fact, never occur in Mr. Trump's lifetime — meaning divestiture could generate substantial tax savings for him.
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The target value for the divestiture program has remained unchanged even as oil futures have fallen further, the company said Tuesday.
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The Competition Bureau said the divestiture to Xplornet would set up a new entrant in the Manitoba mobile wireless services market.
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If you can't divest 12,700 lives successfully how can one expect a successful divestiture that would be over 140 times larger?
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"Saputo's divestiture undertaking has remedied the ACCC's competition concerns about the Koroit plant," ACCC Chairman Rod Sims said in a statement.
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The company said a divestiture would allow it to focus on core brands such as Honeywell air purifiers and OXO kitchenware.
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More recently, a tech company called BazaarVoice had its completed, acquisition of PowerReviews reversed after a DOJ lawsuit, prompting a divestiture.
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There's other ways that you can force the divestiture of an owner of a company once we hit a certain threshold.
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The refiner said on Wednesday a special committee reviewing the Speedway divestiture was expected to provide an update by mid-21.5.
|
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But ethics watchdogs call his divestiture plan inadequate, and a series of missteps by the Kushners themselves has invited further scrutiny.
|
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Dias said the conglomerate, with activities ranging from retail to fuel distribution, is attentive to all opportunities in Petrobras' divestiture program.
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To get a head start on building a wireless network, Dish will need to purchase Sprint's divestiture assets for $1.4 billion.
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"No, I don't think divestiture is too high a price to be president of the United States of America," he said.
|
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The divestiture could help CVS and Aetna clear a major hurdle for approval from the Department of Justice, but it's no guarantee.
|
|
Montezano became privatization secretary as part of Economy Minister Paulo Guedes' team in January, charged with advancing the divestiture of state assets.
|
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The divestiture comes days after the company said its chief Executive Officer Michael Polk would retire at the end of second quarter.
|
|
The report adds that AT&T is opposed to such a divestiture, and is prepared to take the Trump Administration to court.
|
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The infrastructure blueprint says a government agency would outline "appropriate" sale circumstances and how revenue from a potential divestiture could be spent.
|
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General Electric Co's decision to merge its oil and gas business with Baker Hughes Inc reflects its ongoing divestiture of peripheral businesses.
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Thus, the DOJ should not simply rely on ABI's divestiture proposal as a remedy to the competitive harm posed by the merger.
|
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It was the first divestiture led by Caixa since Chief Executive Pedro Guimaraes took the helm at the state bank in January.
|
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Prior to the divestiture, the embedded computing solutions business will be transferred from TS to the EM segment and stay with Avnet.
|
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In Europe, regulators are requiring divestiture of two Rexam can plants, 212015 Ball can plants and two Ball plants making can ends.
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The company has also announced divestiture of online ticket platform Ticketfly and the discontinuation of Pandora operations in Australia and New Zealand.
|
|
But what if the insider at Atlas tipped Cooperman about the divestiture to influence the hedge fund manager's trading in the company?
|
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On a call with reporters, Chief Financial Officer Mark Mason said the decline was due in part to a divestiture last year.
|
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So, no, I don't think divestiture is too high a price to pay to be the president of the United States of America.
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DE) on the sale, which would follow its divestiture of SABMiller's European brands, including Peroni, Grolsch and Pilsner Urquell, to Japan's Asahi (2502.
|
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Any kind of divestiture plan would likely require regulatory oversight, and Gorsky said that will make regulators more inclined to block the merger.
|
|
So no, I don't think divestiture is too high a price to pay to be the president of the United States of America.
|
|
Excluding the divestiture of some businesses, Honeywell said its full-year earnings will be in a range of $7.95 to $8.00 per share.
|
|
In a merger review, user information could be subject to forced divestiture, just like other assets, or cause a deal to be blocked.
|
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The deal is part of Teva's asset divestiture to win regulatory approval for its planned $40 billion buy of Allergan's generic drugs portfolio.
|
|
Antalffy estimates other income, particularly J&J's divestiture of its Advanced Sterilization Products business, boosted J&J's quarterly earnings by about 43 cents.
|
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He also tried to change internal rules regulating asset sales to accelerate the divestiture of a 120 billion-real ($29 billion) stock portfolio.
|
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Trump's conflicts of interest continue, despite some meager attempts to create trusts that fall far short of the divestiture required of other appointees.
|
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Net revenue fell to $634 million from $666 million, largely due to the divestiture of its public relations and digital media services units.
|
|
Weatherford also said it made substantial progress in the divestiture of its land drilling rigs, and expects an agreement on the transaction shortly.
|
|
Or perhaps the Kochs would have an inside track on a divestiture, particularly if either TIME Magazine or Fortune were to be sold.
|
|
Wabtec has proposed that the divestiture be sold to Amsted Rail Company Inc, a unit of privately held Amsted Industries, the department said.
|
|
Deutsche Bank said last month that a divestiture may take longer than expected but would be carried out by 2018 at the latest.
|
|
The company also announced that it is ending its divestiture program, and will keep 2 units that it had initially planned to sell.
|
|
Vista said Tuesday it will refocus its portfolio by exploring "strategic options" for its Savage and Stevens firearms businesses, which could include divestiture.
|
|
A long history of divestiture and court orders was involved in trying to bring competition to both services, and Congress needed to act.
|
|
Thus any divestiture will not only require substantial MA lives but attendant commercial businesses and sufficient scope to develop a national provider network.
|
|
More deal details: Prior to the divestiture, Altice USA will pay a $1.5 billion dividend to its (about to be former) parent company.
|
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Dow stock United Technologies (UTX) and Raytheon (RTN) received Justice Department approval to proceed with their planned merger, subject to certain divestiture conditions.
|
|
United Technologies (UTX), Raytheon (RTN) – The defense contractors received Justice Department approval to proceed with their planned merger, subject to certain divestiture conditions.
|
|
The owner of Britain's South West Water said it expects to complete the divestiture this summer, subject to European Commission's clearance, among others.
|
|
"Bayer has agreed to these conditions and is evaluating how best to execute the imposed divestiture," the German group said in its statement.
|
|
Fitch would view a divestiture as strategically positive for Pfizer, as it would narrow the company's focus on its higher margin, innovative portfolio.
|
|
HOUSTON, April 24 (Reuters) - * Weatherford International on Tuesday said a divestiture of its land drilling rigs was 'taking longer than expected' * The company said the delay was due to increased interest in a geographic subset of the business, which has made the divestiture process more complex * Weatherford said it has also initiated two divestitures in addition to the land drilling rigs.
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I think that if I'm AT&T's counsel, one of my arguments would be that these divestiture requirements are not motivated by the fact that the Justice Department thinks that divestiture is necessary to prevent consumer harm but instead that this is motivated by a more political purpose, and the president's comments and his tweets have certainly indicated some animus toward CNN.
|
|
The divestiture comes as the company seeks to focus on its core building products business and is expected to be complete around mid-November.
|
|
The deal is part of Teva's asset divestiture to win regulatory approval for its planned $40 billion purchase of Allergan's (AGN) generic drugs portfolio.
|
|
The loss included an impairment charge of $1.16 billion related to the signing of an agreement for the divestiture of the Williston Basin assets.
|
|
Bristol-Myers Squibb said that the divestiture of the drug Otezla would be used to help the company decrease financial leverage after the merger.
|
|
The divestiture would mark a reversal for AT&T, which entered the U.S. home security market with the introduction of Digital Life in 2013.
|
|
VF also gave an outlook that came in below current Street consensus, although that outlook factors in the divestiture of the company's jeans unit.
|
|
Analysts have noted that any divestiture will come under the cloud of the company having just written down it biggest brands by $15 billion.
|
|
While many production assets are on the block, divestiture activity is likely to largely center around midstream assets like pipelines, storage and processing facilities.
|
|
CFIUS is now forcing a divestiture by iCarbonX, meaning PatientsLikeMe has to find a buyer, according to several people with knowledge of the matter.
|
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But he should not rule out divestiture to his grown children, and the substantial political and tax benefits it would entail, as an option.
|
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"Through the consolidation process, we have seen divestiture of assets that has allowed other companies to acquire new and more diverse portfolios," he said.
|
|
This led to the oil company making changes to its divestiture program, adopting steps proposed by the TCU aimed at making tenders more transparent.
|
|
"The Puma divestiture materializing sooner - rather than later - will add oomph to the stock," Exane BNP Paribas analyst Luca Solca said in a note.
|
|
The closing of the transaction is not subject to any financing conditions, nor is it conditioned on the divestiture of Brocade's IP Networking business.
|
|
What to watch: Whether the divestiture wins over the Federal Trade Commission, and whether Amgen will continue Celgene's history of routinely hiking Otezla's price.
|
|
In Europe, ABI initially proposed a $2 billion divestiture of Peroni, Meantime, and Grolsch, but the EC did not bite at ABI's first offer.
|
|
"We are carrying out what can be seen as an internal divestiture of Facebook's data," said Andreas Mundt, the president of the antitrust office.
|
|
"We don't feel the need to do a major acquisition or divestiture and I don't want the business distracted from growing earnings," he said.
|
|
The company said it intended to exit its retail operations in Mexico and had identified other underperforming or non-core businesses and stores for divestiture.
|
|
The sale of the Petrobras stakes will be the second large divestiture under Caixa Chief Executive Officer Pedro Guimaraes, who took the helm in January.
|
|
"The scope of the divestiture has been confirmed as being Thales GP HSM," Thales spokeswoman Victoire Chartier said, declining to comment on the EU ruling.
|
|
Conoco plans to sell $5 billion to $8 billion in North American natural gas assets, a divestiture that is massive in its size and scope.
|
|
Some call it a thinly veiled attempt to squelch political criticism of Israel, including student movements pressing for divestiture or boycotts against the Jewish state.
|
|
Ethics experts from both sides of the political aisle agree: without complete disclosure and divestiture, Mr. Trump's administration will be ethically compromised from the start.
|
|
Ferguson said the company has an ongoing asset divestiture program and plans to sell some non-core conventional assets once the market is more stable.
|
|
Sinclair said Wednesday it now wants to put the two Texas stations into a divestiture trust to be sold and operated by an independent trustee.
|
|
Buyout group Lone Star, which owns Isaria, started preparations for a divestiture of the company last year, hoping to benefit from buoyant real estate valuations.
|
|
In many cases, though not all, a nominee resolves conflicts through divestiture, the use of a blind trust or a formal recusal from certain matters.
|
|
Reuters had earlier reported that the company was discussing selling the units in parts to facilitate a divestiture that could raise more than $3 billion.
|
|
Sinclair said on Wednesday it now wants to put the two Texas stations into a divestiture trust to be sold and operated by an independent trustee.
|
|
As Lachapelle noted, creating such a dilemma for T-Mobile may in fact have been the DOJ's intent when it began floating the divestiture requirements.[Bloomberg]
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|
SA) (Petrobras) said on Monday that it will restart publishing divestiture opportunities, following a Supreme Court ruling that temporarily allows the company to continue selling assets.
|
|
The potential divestiture comes on the heels of an announcement last month of a three-way merger between MMS and peers Kreisers Inc and Seneca Medical.
|
|
Castello Branco in March forecast $10 billion of asset sales in the first four months of 2019, with the TAG pipeline sale being the key divestiture.
|
|
In 2011, DOJ released updated merger guidelines which, in a significant departure from prior guidelines, embraced so-called "conduct" remedies as opposed to traditional divestiture remedies.
|
|
"Nine hundred million euros of costs are attached to businesses that we had earmarked for sale or divestiture", Chief Executive John Cryan told analysts on Friday.
|
|
Just as the divestiture movement has roiled college campuses across the country, pitting environmental activists against college endowment managers, the trustees' decision caused a stir locally.
|
|
"The core business remains challenged and these developments won't directly impact it this quarter," Wedbush analyst Ygal Arounian said on the divestiture impacting eBay's holiday quarter.
|
|
The Office of Government Ethics said only a divestiture of his financial stake in his real estate business would resolve ethical concerns about conflicts of interest.
|
|
Lee said he was hopeful the divestiture would succeed but uneasy about Dish's dual role as a critic of the transaction and a buyer of divested assets.
|
|
Desjardins analyst Benoit Poirier said he was skeptical about the value a potential divestiture of the oil and gas unit could unlock given the division's disappointing performance.
|
|
"The DOJ conversations are not even yet started on the divestiture front," Aetna CEO Marc Bertolini said on the company's fourth quarter conference call earlier this month.
|
|
Kushner, for example, received certificates of divestiture for his financial interests in several assets, including several funds tied to Thrive Capital, his brother Joshua Kushner's investment firm.
|
|
The next year they lost 370 million, guessing there was a big … oh, no, that was the year of the divestiture of … we just talked about this.
|
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However, Cemig's divestiture plans are taking longer than those of rivals, underscoring the difficulties of downsizing a company that grew too big, too fast in recent years.
|
|
The company announced that shareholders had voted against the divestiture, but then after reviewing the mail-in vote, the two investors had indeed achieved a slight majority.
|
|
Whether it's calls for fossil fuel divestiture, baseless climate litigation, or hyping a socialist, Green Raw Deal, the costs to taxpayers will certainly outweigh any promised benefits.
|
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Her father is the manager of business development at Marathon Petroleum in Findlay, where he is responsible for acquisition and divestiture of refineries, transportation and marketing assets.
|
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"Every president in modern times has taken the strong medicine of divestiture," he said, urging Trump to reconsider, work with the ethics office, and change his plan.
|
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It wants a divestiture of the L'Oreal stake, and has floated an exchange offer whereby Nestle shareholders are offered shares of L'Oreal, maker of Maybelline make-up.
|
|
When the U.S. Federal Trade Commission reviewed the deal, it required a divestiture of assets to preserve competition for dry ice in the San Francisco Bay area.
|
|
It lost money in the latest quarter, and has announced divestiture of online ticket platform Ticketfly and the discontinuation of Pandora operations in Australia and New Zealand.
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"The test whether we issue a CD is whether or not it meets the requirements in the law," Mr. Apol said, referring to the certificate of divestiture.
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"Proceeds for the entire divestiture program are well on their way to achieving our previously announced range of $2 billion to $3 billion in 2016," Hager said.
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"Nothing in the Page/Brin announcement says anything about a divestiture or relinquishing of the voting control," tweeted Luther Lowe, the Yelp lobbyist and professional Alphabet antagonist.
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The deal is part of the divestiture process mandated by the U.S. Federal Trade Commission in relation to Teva's acquisition of Allergan's generics business for $40.5 billion.
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"We have concluded that the proposed acquisition, taking into consideration the divestiture undertaking, would be unlikely to substantially lessen competition in any market," ACCC Chair Rod Sims said.
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" And while Schaub admitted that divestiture would be expensive for Trump, he argued, "It's important to understand that the president is now entering the world of public service.
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The structure of the deal, comprised of Yahoo's "core," and Altaba, previously called the informal "RemainCo," stemmed from a strategy to avoid capital gains tax during a divestiture.
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Jefferies analysts said the results were well ahead of expectations and said Total expected to complete its $5 billion divestiture target with transactions worth $3 billion so far.
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ConocoPhillips — The energy giant unveiled a new $3 billion share repurchase program as well as saying it would initiate a $5 billion to $8 billion asset divestiture program.
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The divestiture is subject to further review by the U.S. Federal Trade Commission (FTC) and requires Bristol to enter into a consent decree with the agency, Bristol said.
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Desjardins analyst Justin Bouchard said Deep Basin's infrastructure assets could be sold for up to C$1.5 billion, helping the company meet or even surpass its divestiture target.
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The divestiture of Boost was among the concessions T-Mobile and Sprint made to get approval from the Federal Communications Commission last week for their $26 billion merger.
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KEY RATING DRIVERS IDRs, VRs, AND SENIOR DEBT FITB's downgrade was largely driven by the acceleration of the Vantiv divestiture, which was unexpected during our last rating review.
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The forced divestiture by iCarbonX means that PatientsLikeMe will lose not only its principal financier but also a critical technology partner, said the people familiar with the matter.
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As the spouse of an owner of the divested company, Mr. Kushner's White House employment would revive all of the problems eliminated by his father-in-law's divestiture.
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WeWork released Friday a "90-day game plan" that details sweeping changes to its businesses, including a divestiture of all "non-core businesses" and a reduction in headcount.
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Thursday's reports also touched off speculation that the Justice Department's insistence on a divestiture could have political overtones, after Trump's outspoken criticism of CNN's coverage of his administration.
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The ARM deal comes less than a month after Raine advised SoftBank on an $8.6 billion divestiture of "Clash of Clans" mobile game maker Supercell to Tencent Holdings.
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The issue is that while it's not necessarily cut near term, it is not growing, and at a ~95% payout on post divestiture FCF it's still high risk.
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The Economy Ministry said Gustavo Montezano, its privatization secretary charged with advancing the divestiture of state assets, was named to run BNDES, one of the world's largest development banks.
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"If Cigna-Anthem craters, I wouldn't be surprised to see the Justice Department agreeing to some kind of divestiture package," said Matthew Cantor, an antitrust lawyer at Constantine Cannon.
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Teva will sell 79 pharmaceutical products to 11 rival firms, marking the largest ever drug divestiture order in an FTC pharmaceutical merger case, the commission said in a statement.
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The divestiture of Brocade's networking unit, if completed, would be the first sale of assets that Broadcom is aiming to complete, and likely the most valuable, the sources said.
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The divestiture of Walterscheid, previously known as GKN Off Highway Powertrain, comes six months after Melrose said it was reorganizing engineering group GKN, following its hostile takeover last year.
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The U.S. Federal Trade Commision is reviewing Teva's divestiture agreements and is expected to provide approval for the deal with Allergan as early as next month, the source said.
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General Electric's divestiture of GE Capital is essentially complete, freeing up cash to make greater investments in the future of the company, including digital, additive manufacturing and renewable energy.
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There have been times when prospective nominees have declined the offer to serve once they have learned about the divestiture and other steps that would be required of them.
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"...Devon's divestiture program is now complete with proceeds totaling $3.2 billion, surpassing the top end of our $2 billion to $3 billion guidance range," Chief Executive Dave Hager said.
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"This doctrine, known as implicit divestiture, has most frequently been used where tribes have attempted to assert some measure of authority over non-Indians," Haney writes in the article.
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The stake sale in Congonhas Minérios is Chief Executive Officer Benjamin Steinbruch's most ambitious asset divestiture plan yet for CSN, which has the largest debt burden among Brazilian steelmakers.
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The states involved in the lawsuit have said that the divestiture negotiated by the federal government to position Dish as a fourth wireless carrier was inadequate to protect consumers.
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Some politicians, including Democratic presidential candidate Elizabeth Warren, have called for a forced divestiture of Instagram and other acquisitions, which CEO and controlling shareholder Mark Zuckerberg have strongly resisted.
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Since then, the campaign has tried to keep the idea alive by regularly inserting a plank calling for divestiture of public lands in Republican Party platforms, including in 2016.
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However, sales increased by 1.6 percent when not factoring in fuel, an extra week in 2017, the convenience store divestiture and a merger with meal kit company Home Chef.
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The company's shares were up about 13% at $2.37 in trading before the bell after it said it intended to use proceeds from the divestiture to pay off debt.
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So-called certificates of divestiture are offered to incoming federal employees as a way to make it easier for the wealthy to take government jobs without major tax consequences.
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Yet Scaramucci left his White House job Monday – the same day Trump brought on his new chief of staff, John Kelly — before a certificate of divestiture could be issued.
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But because he plans to sell to his brother or to a family trust controlled by his mother, some ethics lawyers interviewed questioned how meaningful the divestiture would be.
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In past years, divestiture study proposals at big banks have failed by large margins after being offered as first steps toward possibly breaking them up to boost shareholder returns.
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The bank has roughly 3 billion reais worth of its own shares in treasury, which it has considered selling, although sources say a divestiture has not yet been approved internally.
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The latest divestiture announcement comes days after the company said its chief Executive Officer Michael Polk would retire at the end of second quarter, following a year of disappointing sales.
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Kellogg also reported a 36.5 percent decline in first-quarter earnings on Thursday, as the maker of Eggo Waffles and Froot Loops spent more on divestiture, transportation and commodities costs.
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She added, the results of the DOJ meeting could result in an update regarding the next steps for the companies to take and what a divestiture profile might look like.
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Jefferies analyst Michael Yee said the divestiture came as a surprise to the brokerage and can be seen as a sign that the FTC is being tougher on regulating competition.
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Beijing so far has given no indication it is ready to relax its grip for the sake of overseas growth, even though some say state divestiture is the ultimate solution.
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It also means Spectrum was serious in its recent announcement about divestiture plans, which were to include both its battery and appliances business (the latter of which makes Foreman Grills).
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One more thing: 13 other staffers, including Bannon and Conway, were issued certificates of divestiture to avoid taxes on assets they are required to sell due to conflict of interest.
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Leaving business operations to his sons is a far cry from the complete divestiture that many believe is the only way to prevent conflicts of interests in a Trump administration.
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The ARM deal comes less than a month after Raine advised SoftBank on an $8.6 billion divestiture of "Clash of Clans" mobile game maker Supercell to Tencent Holdings (0700.HK).
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Trump's divestiture plan had already drawn criticism for not going far enough to head off major ethical conflicts from Walter Shaub Jr., director of the U.S. Office of Government Ethics.
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On Monday, Devon said it would sell assets in the Eagle Ford shale in Texas for $205 million, as part of its $1 billion divestiture plan, first announced in May.
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They said AB InBev was working with Deutsche Bank on the sale, which would follow its divestiture of SABMiller's European brands, including Peroni, Grolsch and Pilsner Urquell, to Japan's Asahi.
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With the announced sales of Distributed Power, Industrial Solutions, and Value-Based Care, and pending combination of its Transportation business with Wabtec, GE's $20 billion divestiture target is substantially complete.
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The company said it expects to close two big deals in the current quarter: Its $26 billion acquisition of LinkedIn and the divestiture of its entry-level mobile phone business.
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"The states would have to evaluate whether they believe in light of that divestiture their arguments about harm are still valid," said Blair Levin, an analyst at New Street Research.
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"The divestiture reflects our strategy to further focus our portfolio and develop a stronger presence in pet food, coffee, and snacking," Chief Executive Officer Mark Smucker said in a statement.
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A few months ago, I started a divestiture program to get rid of stuff I didn't use, and as I got underway I called my daughter to fish for compliments.
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"We believe the divestiture was the right move to make, but it will impact near-term results," Piper Jaffray analysts James Fish and Andrew Nowinski wrote in a Monday note.
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To gain the tax advantage, the liquidated proceeds must then be invested in Treasury bonds, mutual funds or exchange-traded funds, and the official must seek a certificate of divestiture.
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At this stage the CMA said it considered that a "complete divestiture" of Trayport by ICE would be likely to be an effective remedy to the "adverse effects provisionally identified".
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Brocade could add as much as $103 million of operating EBITDA (upon divestiture of the IP networking business), resulting in a Fitch estimated $7.6 billion of combined operating EBITDA at closing.
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A complete divestiture of its ownership of BlackRock would be evaluated for any rating implications depending on the intended use of the proceeds and plans to generate the foregone recurring revenues.
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The preferred shares rose as much as 1.4% during the session, with sources telling Reuters that Petrobras would sell more pipelines after the recent success of its 90% divestiture of TAG.
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The company is in the process of exploring alternatives, including the sale of its feminine care and infant care businesses, and the current debt estimates exclude proceeds from any potential divestiture.
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The Economy Ministry said Gustavo Montezano, its privatization secretary charged with advancing the divestiture of state assets, was named to run BNDES, one of the largest development banks in the world.
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CNBC reported in April that CFIUS was forcing a divestiture by Chinese investor iCarbonX, meaning PatientsLikeMe had to find a buyer, people with knowledge of the matter said at the time.
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"This divestiture program ... supports our capital program and places us firmly on track to achieve our production growth targets in 22 and 2018," Chief Executive Dave Hager said in a statement.
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The divestiture would represent a key step by GE to focus on its core businesses and improve its operational performance, amid pressure from Nelson Peltz's activist hedge fund Trian Fund Management.
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In terms of full-year 353 sales, the company forecast $235 billion, which is adjusted to reflect the August 235 divestiture of Lockheed's Information Systems & Global Solutions (IS&GS) business segment.
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A senior FCC official said that the divestiture of Boost Mobile would address concerns about the deal's affect on competition, which the official said were focused on the low-cost market.
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Its divestment program has largely spared such assets so far, with the only divestiture being the sale of a 50% stake in the TermoBahia plant to France's Total SA in 2017.
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Some banks have even tapped engineers to strengthen their acquisition and divestiture (A&D) practices, which carry out the complex engineering and technical research needed to value oil and gas deposits.
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It also posted full-year revenues of $81.7 billion, with full year non-GAAP EPS of $14.92, down 0.53% on 2014, citing the divestiture of its "System x" business to Lenovo.
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The divestiture program is a central focus of an operational turnaround plan to improve same hospital margins and sharpen focus on a subset of core markets with better organic operating prospects.
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The carmaker earlier this month revived the plans to list Traton as it announced a corporate restructuring that includes investment in battery cell production and the divestiture of non-core assets.
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"We are moving ahead with the divestiture program and have already received numerous indications of interest," Howard Thill, Devon's Senior Vice President for Communications and Investor Relations told Reuters on Tuesday.
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Pro-Palestinian students called the statement the latest in a series of efforts to muzzle political criticism of Israel, including student movements pressing for divestiture or boycotts against the Jewish state.
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"We are in active negotiations with multiple parties regarding the potential divestiture of Subsys," Chief Executive Saeed Motahari said on Thursday, adding the company expects the transaction to require shareholder approval.
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Why it's a big deal: This is the largest-ever divestiture related to antitrust enforcement, and shows how the Trump administration's antipathy toward mega-mergers isn't limited to media or China.
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"It is our company's policy to neither acknowledge nor deny our involvement in any merger, acquisition or divestiture activity, nor to comment on market rumors," Naspers told TechCrunch in a statement.
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Cemig, as Cia Energetica de Minas Gerais is commonly known, also said it will announce auction rules for the divestiture of certain assets of Cemig Telecom by the end of May.
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Anadarko separately lowered its total sales volume forecast, excluding a pending divestiture, to a range of 2.23,000 to 781,000 barrels of oil equivalent per day, compared with 836,000 boepd in 2015.
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Until now, Henry M. Paulson Jr., Treasury secretary under President George W. Bush, has been the most prominent example of a public official who has taken advantage of the divestiture certificate.
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"It's a lesson for the FTC about the kinds of divestiture buyers that are going to be effective," said Andrea Murino, an antitrust expert with the law firm Goodwin Procter LLP.
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At BNDES he is expected to speed up the divestiture of the bank's assets, the slow pace of which had become a bone of contention between Levy and Economy Minister Paulo Guedes.
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As a result, the IFT said it had ordered the "divestiture or sale" of the Fox Sports channels and all the assets of that business as a condition to approve the deal.
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Broadcom had divided up Brocade's divestiture into three pieces after an earlier deal to sell the whole business to a private equity firm fell apart late last year, according to the sources.
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Office group IWG pushed midcaps higher after divestiture plans for its Japan business Miners, which last week scaled seven-year highs, handed back some of those gains with a 0.8 percent dip.
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Administration officials also noted that several of Ms. Nixon's proposals — including divestiture from fossil fuel companies and efforts to uphold the Paris Accord — have already been in the works under Governor Cuomo.
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Cemig's divestiture plans have taken longer than those of rivals, demonstrating the difficulties of trimming a company that expanded beyond power into fiber optics, information technology and gas distribution in recent years.
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Following the acquisition of AdvancePierre, Tyson expects to pull back on share repurchases and use FCF and divestiture proceeds to return leverage back to its targeted 1.5x-2.0x as quickly as possible.
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The Chicago-based company, which has faced soaring commodities and freight costs for more than a year, also blamed the divestiture of its Wesson oil business and the impact of foreign exchange.
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"After a very robust divestiture process, with strong interest from many parties, we have achieved healthy multiples on the stations we are divesting," said Sinclair chief executive Chris Ripley in a statement.
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Financial leverage rose for several of the large brokers in part due to increased acquisition/divestiture opportunities and low interest rates that promoted early debt refinancing, while debt maturities remain well laddered.
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In 2015, Tanger sold six of its smaller centers, which had an average age of 24 years, including a divestiture of its ownership in a joint venture partnership involving a Wisconsin property.
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The divestiture program is a central focus of an operational turn-around plan to improve same hospital margins and sharpen focus on a subset of core markets with better organic operating prospects.
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The potential sale comes as AIG nears the end of a years-long divestiture spree of businesses around the globe that has cut its balance sheet by more than half since 2007.
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Under the divestiture agreement, Ardagh, based in Luxembourg, would acquire eight Rexam plants in the United States; 22015 Ball plants and two Rexam plants in Europe; and two Ball plants in Brazil.
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"Given the lack of urgency, management is being rational about its divestiture," BMO Capital Markets analyst Alex Arfaei said, adding the new structure will help Pfizer maintain its options for the business.
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"I was quite surprised to see that divestiture was proposed or offered," Liberty Media Chairman Malone said in an exclusive interview with CNBC's David Faber at the Liberty Media annual investor meeting.
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The sale of Waddington, which makes disposable cutlery and drinkware, is the first major divestiture after activist investors Starboard Value and Carl Icahn placed their nominees on the company's board last month.
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Newell said its divestiture process was "well underway" and expects to complete all transactions by the end of 2019 and become a company with net sales of about $9.5 billion in 2020.
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The sale announcement did not have much effect on GE's stock, but "checks the box on another divestiture-simplification action by (GE) CEO John Flannery," said RBC Capital Markets analyst Deane Dray.
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Community Health decided to sell six of its hospitals in the quarter and said it is continuing with its divestiture plans to pay off long-term debt, which stood at $13.86 billion.
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"This divestiture marks an important step in sharpening our focus on the intersection of global commerce and regulation," wrote Chief Executive Officer Jim Smith, in an e-mail to employees Monday morning.
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While bold claims are made in abstract terms, "success" appears to mean nothing more than that a given divestiture was actually carried out and that the divested assets stayed in the market.
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Fitch expects strong annual free cash flow (FCF) of more than $7.5 billion through the intermediate term, driven by lower capital spending following the divestiture of the more capital-intensive foundry business.
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After being nominated, Mr. Tillerson was granted a so-called Certificate of Divestiture that allowed him to sell off Exxon stock without having to immediately pay capital gains taxes on those holdings.
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The Office of Government Ethics has told Mr. Trump's lawyers that only a divestiture would resolve ethical concerns, guidance that was made publicin an extraordinary stream of posts on the office's Twitter feed.
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Community Health continues progress with its divestiture efforts, which may be incrementally expanded, but operations will likely remain challenged as ongoing same-store weakness drags down earnings power, Jefferies analysts wrote on Monday.
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We believe quite strongly that any divestiture of AT&T assets or Time Warner assets is not required by the law, and we have no intention of backing down from the government's lawsuit.
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At BNDES he is expected to speed up the divestiture of the bank's assets, the slow pace of which had become a bone of contention between Levy and Bolsonaro's Economy Minister Paulo Guedes.
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But he pulled some strings and was able to give me an opportunity to move within the company to New York before the divestiture — I just had to be able to move immediately.
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"By applying almost $3 billion of divestiture net proceeds to reduce debt, Campbell's balance sheet will be stronger and capable of supporting our plan to grow our focused and differentiated portfolio," he said.
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But Israelis fear Kerry's remarks will put them on the defensive, prompting other countries to apply pressure, including by adding fuel to the boycott, divestiture and sanctions movement against Israel, especially in Europe.
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Shares in Petrobras were up 3.9 percent, at 25.81 reais, in late afternoon in Sao Paulo, as investors expected the company's divestiture program to accelerate under new Chief Executive Officer Roberto Castello Branco.
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According to the agreement signed between Disney and CADE, the divestiture will include all Fox Sports transmission rights in Brazil as well as contracts with cable TV operators, real estate and transmission equipment.
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Teva will sell rights and assets related to the 79 pharmaceutical products to 11 firms, which the Federal Trade Commission said would be the largest drug divestiture order in a pharmaceutical merger case.
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N has launched the sale of parts of its Critical Networks division, according to people familiar with the matter, its first divestiture move after striking a deal with activist hedge fund Jana Partners.
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Newell Brands said on Friday it would sell its plastics packaging unit Waddington Group for $2.3 billion, and added more brands to a divestiture plan aimed at streamlining its operations and cutting costs.
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Hancock says the divestiture of Sky News would need to be made to a "suitable third party" but that Fox would need to still provide funding for the network for the next decade.
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"The scale of the divestiture will significantly reduce NRG's size and cash flow diversity, an important consideration for companies exposed to volatile commodity prices," Moody's analyst Toby Shea wrote in a research note.
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By Tuesday afternoon, the ethics agency had posted an agreement it has with Mr. Ross spelling out his plans for divestiture of holdings that could pose a conflict with running the Commerce Department.
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Mr. Delrahim had sought a divestiture of some Time Warner assets as a condition of allowing the deal to go through, but AT&T's chief executive, Randall Stephenson, refused to make such concessions.
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Two people close to the process said Roberts, the chief operating officer of the historic Mission Inn in Riverside, California, decided to withdraw because of issues related to the divestiture of her assets.
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Yahoo, which owns roughly 15 percent of Alibaba, tried to spin off its stake last year but called off plans in December after the IRS said the divestiture would have been a taxable event.
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The divestiture of the Defense & Security business will allow us to focus on the Home Robots business, bring new products to market, continue our expansion in China and build upon successful new marketing campaigns.
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SHE SAYS SOMETHING DIFFERENT, IN FACT, THEY'RE ADVISING HONEYWELL THAT 4% OF SALES OR LESS WOULD BE AFFECTED BY AN OVERLAP AND DIVESTITURE WOULD ONLY HAVE TO BE BETWEEN 2 BILLION AND $4 BILLION.
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CADE said in a statement that Disney agreed to allow the acquirer of the channel to use the Fox brand at no cost, and added that the time frame for the divestiture is confidential.
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That underperformance had some pressing for more urgency from Immelt who's led a transformation at GE to focus on its core industrial businesses and selling off units, including the divestiture of GE Capital's operations.
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"If they're maintaining separate business structures and infrastructure, it's much easier to have a divestiture in that circumstance than in where they're completely enmeshed and all the eggs are scrambled," Simons told Financial Times.
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The most troublesome element was the horizontal combination of the Fox and Disney-owned regional sports networks and the division appropriately conditioned approval of the transaction on divestiture of Fox's properties in that market.
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Why it's a big deal: This is the next major piece of GE's $20 billion divestiture plan, and its first since being expelled from the Dow Jones Industrial Average after a century-plus run.
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The Office of Government Ethics has told Mr. Trump's lawyers that only a divestiture would resolve ethical concerns, guidance that was made public in an extraordinary stream of posts on the office's Twitter feed.
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But Mr. Kushner did get what is known as a certificate of divestiture from the Office of Government Ethics, which allows him to sell the asset without having to pay any capital gains taxes.
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In 2015, Rometty referred to the divestiture the prior year of three businesses that had accounted for $7 billion in annual revenue as losing "empty calories" because they were low growth and low profit.
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This might be one AT&T already agrees with, as we've been hearing divestiture rumblings (perhaps reflected by AT&T switching the name of its skinny bundle from DirecTV Now to AT&T Now).
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The Renk divestiture is expected to be followed by a sales process for MAN Energy Solutions, which makes diesel engines for use in ships and power stations, and whose separation Volkswagen also announced last month.
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Honeywell had believed that regulators would only require a small divestiture and that its chief executive, David Cote, should run the combined company, while its shareholders would own about 60 percent of the merged operation.
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It's still unclear exactly what steps Trump will take to disentangle himself of potential conflicts of interest, but the billionaire has been pretty clear that whatever steps he takes will stop short of full divestiture.
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Why it matters: This divestiture is dependent on antitrust officials signing off on CVS Health's takeover of Aetna — meaning CVS and Aetna believe this sale will resolve any antitrust concerns and foreshadows imminent federal approval.
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Shell, which has 630 Argentine gas stations, put the unit up for sale earlier this year as part of a $30 billion divestiture program to cut debt following last year's acquisition of BG Group Plc.
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The divestiture would undo much of Aon's $4.9 billion acquisition of human resources services provider Hewitt Associates Inc in 2010, signaling the company now wants to focus more on its insurance and risk management businesses.
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The company, in a bid to reduce its exposure to volatile commodity markets, has sold billions of dollars of assets over the years, including a $5 billion divestiture of a bulk of its chlorine business.
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Shares of Bristol-Myers Squibb fell 7% Monday after the pharmaceutical giant announced that the proposed acquisition of Celgene will now close later than originally expected and will involve a divestiture of Celgene's psoriasis drug.
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Sales in Smucker's U.S retail consumer segment fell 15%, hurt by the divestiture of its domestic baking business last year as well as lower pricing for Jif peanut butter, Crisco Oils and Smucker fruit spreads.
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The agreement also marks another step for mining giant Vale, the world's largest iron ore exporter, in its divestiture program that aims to concentrate investment in its core areas and raise cash to reduce debt.
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"With regard to Facebook's future data processing policy, we are carrying out what can be seen as an internal divestiture of Facebook's data," said Andreas Mundt, president of Germany's Federal Cartel Office, in a statement.
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Such a divestiture will concentrate Akzo on coatings, and so a tie-up with Axalta, the No. 1 supplier to the North American heavy truck market, would round out its business to include vehicle coatings.
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"This divestiture is yet another action we have taken to reshape and focus our portfolio, which will lead to reduced complexity, more targeted investment, and better growth," Kellogg CEO Steve Cahillane said in a statement.
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Dow Chemical is benefiting from its strategy to focus on consumer markets by selling billions of dollars of volatile, commodity assets over the years, including the $5 billion divestiture of most of its chlorine business.
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"The divestiture of a majority interest in its European operations should allow HBC management to place increased focus on the legacy North American operations," Sabahat Khan, analyst at RBC Dominion Securities, said in a note.
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N) on the divestiture of Vienna-based Schur Flexibles - a maker of packaging for meat, cheese, confectionary and pharmaceuticals - which it hopes to sell for 33-23 million euros ($2000 million - $2700 billion), they said.
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"While the Commission rightfully acknowledged that Sinclair's proposed merger and related divestiture may violate the law," Pallone said at Wednesday's hearing, "the rollback of the media ownership rules opens the door for the next Sinclair."
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In media, notable examples under Trump include DOJ seeking to block AT&T from buying Time Warner, Sinclair being blocked from buying Tribune Media, and the major divestiture requirements on T-Mobile's deal for Sprint.
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"The EnLink proceeds, combined with proceeds from the non-core E&P assets already sold and those currently being marketed, will exceed our $5 billion divestiture target," Chief Executive Officer Dave Hager said in statement.
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"I've gotten into arguments with a lot of my friends," said Louis Allstadt, a retired Exxon Mobil executive and town trustee credited with spearheading the divestiture movement (or blamed for it, depending who you ask).
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GE reported a net loss of $98 million, or 1 cent a share, mainly due to non-cash charges from the sale of financial businesses, part of an ongoing divestiture of the GE Capital unit.
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The sale of the Sky stake and the divestiture of regional sports networks will reduce Disney's $71.3 billion cost for the Fox acquisition by roughly $30 billion, a source with knowledge of the matter said.
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The divestiture would undo much of Aon's 2010 acquisition of human resources services provider Hewitt Associates Inc for $4.9 billion, signaling that the company now wants to focus more on its insurance and risk management businesses.
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The company's 2015 results were also affected by the divestiture of international assets and one-off logistical and operational preparations for the shutdown of its old nickel plant in the city of Norilsk planned for 2016.
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Saligram's appointment comes at a time when Newell has laid out a $10 billion divestiture plan aimed at streamlining operations and cutting costs after more than doubling in size following its 2016 acquisition of Jarden Corp.
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The divestiture, valued at 5 to 7 billion euros, has drawn interest from some central and eastern European investment outfits including Mid Europa Partners, which is on the lookout for a bidding partner, the sources said.
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Hudson's Bay said last month it would raise C$1.6 billion through the divestiture of its Lord & Taylor flagship building in New York and an equity investment in Hudson's Bay by private equity firm Rhone Capital.
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"This disposal marks a further milestone in our journey back to a capital-light business... (divestiture) marks the significant progress we are making on our stated strategy," Chief Executive Officer Ayman Asfari said in a statement.
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AIG — The insurer announced a series of strategic actions, including divestiture or sale of several units, an IPO of its United Guaranty business, and a return of $183 billion to shareholders over the next two years.
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Those documents will not be disclosed, White House lawyers said, although the public will eventually have access to "certificates of divestiture" issued to employees who are seeking capital gains tax deferrals for selling off certain assets.
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N) said on Friday it does not expect the Federal Trade Commission would require divestiture of its recently approved psoriasis drug Skyrizi in connection with the company's $63 billion pending deal to buy Allergan Plc (AGN.
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"All of the rebound ... has been related to strategic alternatives, shareholder activism, the possibility of sale, divestiture," said Taylor, adding that investors were hoping to unlock some value by selling parts, or all, of the companies.
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"Recent press statements have made unfounded allegations that I engaged in insider trading due to transactions related to my divestiture of stock in Navigator Holdings," Ross said in a statement to CNN, referencing the shipping firm.
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Additionally, negative ratings pressure could emerge should BK materially alter its strategy, for example by entry into or divestiture of a key business line, which in Fitch's opinion alters the agency's view of BK's risk appetite.
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As company's sole financial advisor on divestiture of power business * Increased 2016 distributable cash guidance to be in range of $1.03 per common share to $1.13 per common share Source text for Eikon: Further company coverage:
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Meredith decided to accept a $60 million breakup fee and other benefits, like a first look at some of the assets whose divestiture would be required to win approval of Nexstar's acquisition of Media General, they said.
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And yet he continues to hear arguments or – MAKAN DELRAHIM: Well, we challenged a portion of that merger and we required divestiture of I think about 1.5 million lives to be insured, that was sold to Wellcare.
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Dish Network and T-Mobile have agreed to a divestiture deal that brings the wireless carrier a step closer to gaining government approval of its merger with Sprint, people familiar with the matter told CNBC's David Faber.
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"The mechanics, valuation and timing of the 51 percent divestiture are all absolutely critical issues which must be resolved before the dispute can be regarded as finally settled," Jakarta-based foreign legal counsel Bill Sullivan told Reuters.
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The divestiture conditions were included in a proposed settlement the Antitrust Division filed in the U.S. District Court for the District of Columbia along with a lawsuit seeking to block the merger, the Justice Department statement said.
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If not for this divestiture, the takeover would have combined two of four companies that currently market a generic version of doxycycline monohydrate, an antibacterial treatment, in two doses, likely resulting in higher prices, the FTC said.
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Nexstar CEO Perry Sook said on Monday that he had spoken with Pai that morning and will be presenting regulators with a divestiture plan that will keep the combined company from exceeding the national broadcast ownership limit.
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Sinclair said that it now plans to keep the Chicago station, WGN, and is working to still divest from the Houston and Dallas stations, KIAH and KDAF, respectively, via a divestiture trust, operated by an independent trustee.
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Newell said on Friday it would add Jostens and Pure Fishing to the list of brands it plans to sell, with the expanded divestiture plan ultimately reducing its net sales and workforce by more than a third.
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"The filing of the registration statement with the Philippine SEC is a first step in one of the alternatives CEMEX is exploring in the context of CEMEX's previously announced asset divestiture plan," Cemex said in a statement.
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"Nothing in the Page/Brin announcement says anything about a divestiture or relinquishing of the voting control," tweeted Luther Lowe, the senior vice president of policy at Yelp, which has repeatedly complained about Google's treatment of rivals.
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I first suggested sci-fi, but upon remembering that he is a lobbyist for international corporations' divestiture from the fossil fuel industry, I decided to do some research on sci-fi novels which focus on climate change.
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In a regulatory filing, Vale said the sale concludes the divestiture of its fleet of 19 very large ore carriers, known as VLOCs, as part of an effort to strengthen its balance sheet and refocus on core assets.
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Credit Protection Measures Strengthening: Fitch expects incremental profitability growth from higher revenue levels, the realization of annual Broadcom deal-related cost synergies, accretive profit margins from the Brocade acquisition and divestiture proceeds from the IP networking business sale.
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The private equity group is working with investment bank Lazard on the divestiture and may also opt for a stock market listing in case markets are favorable and a flotation promises to reap a higher valuation, they said.
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Spencer said the current divestiture plan will raise about $20 billion for the company, as it looks to shore up the balance sheet and close the disconnect between the stock price and the intrinsic value of the company.
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The private equity group is working with investment bank Lazard on the divestiture and may also opt for a stock market listing in case markets are favourable and a flotation promises to reap a higher valuation, they said.
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Earlier this week, the insurer announced a series of strategic actions, including divestiture or sale of several units, an IPO of its United Guaranty business and a return of $25 billion to shareholders over the next two years.
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Even the one proposed condition that could be said to be "structural"—the divestiture of prepaid carrier Boost Mobile—depends on good behavior by the combined company, because Boost must have access to the company's network to operate.
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The divestiture comes nearly two years after BAML advised a consortium led by Hillhouse Capital Group and CDH Investments to take Belle private in a $21 billion deal completed in July 27.8489, as traditional retailers battled online competition.
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The divestiture was a nice win for the companies as it signaled that the deal remained on track to close before the year-end and the price seems "extremely lucrative", Canaccord Genuity analysts wrote in a client note.
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However, this is mitigated by HRS' plan to make a $588 million contribution to its qualified pension plans during fiscal 2017, including a $400 million discretionary payment to be funded by the divestiture of the Government IT business.
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But if a global rejection of Saudi terror happens via comprehensive divestiture, it will ultimately be because Jamal Khashoggi was in the club, and his killing threatens all of us club members' ability to do what we do.
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To attempt to satisfy the FCC, Sinclair had said last month it would not divest WGN and would seek to put the two Texas stations into a divestiture trust to be sold and operated by an independent trustee.
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The company said it expected the divestiture to reduce adjusted earnings by 25 cents to 30 cents on a full-year basis, while net impact would be only slightly dilutive to its fiscal 2019 adjusted earnings per share.
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A successful out-of-court workout could help Triunfo speed up the sale of stakes in a hydropower dam, a stake in an airport concession and other businesses, people told Reuters at the time of the port divestiture.
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TO), Canada's largest pipeline company, said on Thursday it has identified C$55.083 billion to C$255.08 billion ($21 billion to $21.3377 billion) in potential asset sales, on top of an already announced C$2 billion divestiture target.
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Without the divestiture, the proposed acquisition would eliminate competition between two of only three significant suppliers of three medical packaging products that are critical to the safe transportation and use of medical devices, the department said in a statement.
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A combination of internally generated cash flow and approximately half of the $780 million in proceeds received from the Green Giant brand divestiture was used to reduce debt by more than $1.7 billion to $8.4 billion as of May.
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The sources said CRH has been closely monitoring Saint- Gobain's divestiture and was waiting for the auction to enter its final stages before putting its own distribution business on the block as it would appeal to the same bidders.
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Section 804 of federal ethics law, known as a "certificate of divestiture," allows executive branch officials and employees to defer taxes on the divestitures they are forced to make when they take their posts to avoid conflicts of interest.
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These moves followed the divestiture of Sergio Rossi in 2015, and, analysts said, suggest that Brioni, the Italian men's wear brand, and Altuzarra, the American women's wear brand in which Kering has a minority stake, might well be next.
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Barr argued before the European Commission in 1998, successfully persuading it to require rival wireless carrier MCI to divest its internet business in order merge with WorldCom — a $1.75 billion divestiture that at the time was the largest ever.
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Analysts previously told CNBC that SoftBank would likely use the money raised from its divestiture plan, including selling off stakes in Alibaba, GungHo Online Entertainment and more recently in Finnish mobile gaming firm Supercell, to shore up its balance sheet.
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COMMON STOCK AS SOON AS PRACTICABLE * METLIFE INC - EXPECTS TO COMPLETE DIVESTITURE OF BRIGHTHOUSE FINANCIAL SHARES PRIOR TO END OF 2018 * METLIFE INC - DOES NOT EXPECT STRUCTURE OF ANY TRANSACTION TO AFFECT ITS PLANS TO REPURCHASE SHARES OF METLIFE, INC.
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It could take two months for the agency to assess a proposed divestiture of that size since it would look at the proposed sales, store by store, and in detail, said David Balto, a former FTC official now in private practice.
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A Supreme Court judge ruled last week to temporarily allow Petrobras to continue pursuing this divestiture, with the broader legal battle over the sale of state oil assets set to go before the full court for a decision on Feb. 27.
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The Justice Department's lack of response to Charter could raise concerns among critics of the $26.5 billion merger of wireless carriers T-Mobile and Sprint that officials did not weigh all divestiture offers before deciding on a deal with Dish.
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The Justice Department's lack of response to Charter could raise concerns among critics of the $26.5 billion merger between wireless carriers T-Mobile and Sprint that officials did not weigh all divestiture offers before deciding on a deal with Dish.
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There was no increase in pricing, but the credit enhancements for the lenders strengthened the conditions under which the company is required to use divestiture proceeds to reduce debt, which is a near-term positive from a credit profile perspective.
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Deutsche Bahn said last week that it was exploring a divestiture of Arriva - expected to be valued at more than 3 billion euros ($3.37 billion) in a potential deal - adding this would enable the group to lower its debt pile.
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AT&T CEO Randall Stephenson said today that the company is at the "advanced stages" of negotiations with antitrust regulators over its $85 billion takeover of Time Warner, but was "a little disturbed by leaks" yesterday about possible divestiture demands.
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The report disclosed that 11 days after Trump's inauguration, lawyers from the GSA and the lease contracting officer met with Trump's two eldest sons, Donald Trump Jr. and Eric Trump, where the officer "strongly encouraged" the President's divestiture from the hotel.
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By teaming with Dish and pairing a version of its Fi service with the satellite TV operator's already ample spectrum assets (which could be further improved following the divestiture sales), Google could be part of a formidable and competitive wireless option.
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After decades of divestiture and population decline, "now the city's a very popular place to be, which is great, what everybody wants, except it comes with collateral challenges," said Phil Mendelson, the chairman of the Council of the District of Columbia.
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BEIJING, March 12 (Reuters) - China's Anbang Insurance Group Co Ltd, fresh from two years of government-led restructuring, has sold a 35% stake in Chengdu Rural Commercial Bank Co Ltd once valued at over $2 billion in its latest divestiture.
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That's because the New York hedge fund founder left the White House before he could obtain a "certificate of divestiture" giving him the special tax treatment available to federal employees who give up assets in order to avoid conflicts of interest.
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From Fitch's perspective, the potential divestiture of the radio business is aligned with CBS' content-centric business strategy, which focuses on more stable and recurring revenue streams and positions the company to reduce its exposure to more volatile advertising revenues.
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What is more, an IPO of Dell, or a divestiture of one or more of its assets, would help it pay down debt faster, saving it money on expensive interest payments, for which it currently pays about $2 billion annually.
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The SEC's complaint, filed in federal district court in Philadelphia, accuses the legendary investor of earning about $4 million in illicit profits from trading in Atlas Pipeline Partners after a corporate insider gave him confidential information about a big divestiture.
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While the corporations involved have agreed on some of the largest components of the divestiture deal, the government remains concerned that the agreement isn't enough to ensure Dish would represent meaningful competition following the $26 billion merger between Sprint and T-Mobile.
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The German telecommunications company that will control a combined T-Mobile/Sprint is in talks with both Dish Network and the DOJ on the parameters of a divestiture and spectrum-hosting agreement that will prop up Dish as a new U.S. wireless competitor.
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Higher expenses and one-time divestiture charges led the company to report a net loss available to IPG Common stockholders of $14.1 million, or 4 cents per share, compared with a profit of $24.7 million, or 6 cents per share, a year earlier.
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Deutsche Bahn said in the ad that it was working with Citi and Deutsche Bank on the divestiture and that it was open to a sale of all of Arriva to one or multiple parties, adding that a flotation is also an option.
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"Sinclair intends to request permission from the FCC to put the Dallas and Houston stations into a divestiture trust to be operated and sold by an independent trustee following the closing of the Tribune acquisition," Sinclair spokesman Ronn Torossian said in a statement.
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If Mr. Trump were willing to sell his assets, one option would be to seek a certificate of divestiture from the Office of Government Ethics, which would allow him to sell his real estate holdings and other businesses with an enormous tax advantage.
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Buyout group Lindsay Goldberg is working with Goldman Sachs on the divestiture of Vienna-based Schur Flexibles - a maker of packaging for meat, cheese, confectionary and pharmaceuticals - which it hopes to sell for 800-900 million euros ($901.28 million - $1.01 billion), they said.
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If DirecTV customers switch to the new AT&T video service over time, AT&T may be further compelled to sell off its satellite TV assets — a divestiture championed by hedge fund Elliott Management last year but has been resisted by AT&T.
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FRANKFURT, Jan 13 (Reuters) - German real estate lender Aareal Bank is open to selling its software business Aareon in the medium-term, a person close to the bank said on Monday, but will resist an activist investor's call for an immediate divestiture.
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Pioneer Natural reported a net loss attributable to common shareholders of $169 million in the quarter ended June 30 compared with a profit of $66 million a year earlier, as it recorded a non-cash charge related to the divestiture of its South Texas assets.
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While Thiel has much at stake in the financial decision of Trump's nominees, he doesn't have to deal with the rigorous ethics agreement that limits those who will be officially employed by the Trump administration, and often requires blind trusts and the divestiture of assets.
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"With this merger and accompanying divestiture, we are expanding output significantly by ensuring large amounts of currently unused or underused spectrum are made available to American consumers in the form of high quality 5G networks," DOJ antitrust chief Makan Delrahim told The Wall Street Journal.
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"We got a little bit less than $4 billion in the third quarter as a function of the first step of our Elanco divestiture and we'll put that money (to use) against our capital priorities," Lilly's Chief Financial Officer Joshua Smiley said in an interview.
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A complete divestiture would lessen some volatility in earnings; however, without reinvestment or other organic opportunities, FITB's earnings profile would no longer benefit from Vantiv-related income and gains, and ratings could be adversely affected should it not be able to offset the associated decline.
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Bureau Veritas announced on Monday the divestiture of its North American HSE Consulting business to Apex Companies The French multinational commercial catering company reported on Monday the completion of the sale of its subsidiary, Areas, to PAI Partners for a net total amount of c.
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This means that with respect to rumors that Trump's son-in-law Jared Kushner might take a White House job, Mr. Trump's divestiture would not resolve his conflict-of-issue problems, even if Mr. Kushner were to put his assets into a blind trust.
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At the time, a friend told CNN Dubke was nearing a point in his divestiture from firms he started and was facing an impending financial sacrifice to stay on a job controlling communications for a White House generally moved by the President's own tweets.
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After more than four years of divestiture-driven sales declines, P&G reported net sales that were flat at $16.08 billion in the quarter, helped in part by demand for its beauty and fabric & home care products such as SK-II and Tide Pods.
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The Department of Justice's Antitrust Division (DOJ) is currently investigating Anheuser-Bush InBev SA/NV's (ABI) acquisition of SABMiller plc (SABMiller), the largest beer merger in history, as well as its proposed divestiture of SABMiller's interest in the MillerCoors LLC Joint Venture to Molson Coors.
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"The risk of divestiture of orders, limits on market access -- all those tools are available to the Chinese government that has been historically more hands-on than the U.S." explained Tony Balloon, head of the corporate China practice at the law firm Alston & Bird.
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WASHINGTON — The Office of Government Ethics has informed lawyers for President-elect Donald J. Trump that only a divestiture of his financial stake in his sprawling real estate business will resolve ethical concerns about conflicts of interest as he assumes the office of the presidency.
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Drug-maker Bayer, agreeing to the largest divestiture in American antitrust enforcement history, will sell agricultural businesses and assets worth about $9 billion to chemical giant BASF, clearing the way for approval of its $66 billion acquisition of Monsanto, the Justice Department announced Tuesday.
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The divestiture is part of an FTC final order in July 2016 settling charges that the $13.4 billion merger of industrial gas producers American Air Liquide and Airgas Inc would likely harm competition in several U.S. and regional markets, the commission said in a statement.
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"If these companies cannot execute the divestiture(s) that gave investors' confidence on their future leverage profile, you would likely see less risk-tolerant investors trim or sell their positions," said Tim Dumois, portfolio manager at BP Capital Fund Advisors, which invests in energy stocks.
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Harris, which makes light detection and ranging sensors that measures distance by illuminating a target with a laser light, said on Friday that its air traffic management franchise, primarily serving the Federal Aviation Administration, is not part of the divestiture and will remain with Harris.
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Fitch believes the divestiture of the TS business is a positive given the business' negative revenue growth, lower margins and few synergies with the Electronics Marketing (EM) segment, but is offset by the remaining business having less scale and diversification and more cyclicality of demand.
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Transocean has also proactively high-graded and focused its fleet via rationalization (21000 floaters removed from the marketed fleet as of August 2110, 21000), divestiture (sold jackup fleet), and M&A (pending Songa Offshore acquisition; 211 contracted 'Cat-D' and 21500 stacked harsh environment, semisubmersible rigs) activities.
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"With this merger and accompanying divestiture, we are expanding output significantly by ensuring that large amount of currently unused or underused spectrum are made available to American consumers in the form of high quality 5G networks," Makan Delrahim, assistant attorney general of the DOJ's antitrust division, said.
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KEY RATING DRIVERS Persistent Credit Profile Headwinds: The Negative Outlook reflects CHS's high leverage, weak operating trends since the acquisition of rival hospital operator Health Management Associates (HMA) in late 2014, and execution risk surrounding a divestiture and business repositioning plan in some of the company's markets.
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KEY RATING DRIVERS Persistent Credit Profile Headwinds: The Negative Outlook reflects CHS' high leverage, weak operating trends since the acquisition of rival hospital operator Health Management Associates (HMA) in late 2014, and execution risk surrounding a divestiture and business repositioning plan in some of the company's markets.
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Ocasio-Cortez's office did not immediately respond to a request for comment from The Hill, but tweeted Wednesday afternoon that since she used the description, Bank of America announced its divestiture from for-profit detention and acting Customs & Border Patrol Commissioner John Sanders announced his resignation.
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He retained lobbyists with ties to the Trump administration as well as law firms and public relations experts to make the case that Mr. Deripaska was truly committed to giving up control of his companies, and was not merely staging a sham divestiture, as some critics suspected.
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A certificate of divestiture — which requires proceeds to be immediately placed in diversified mutual funds or Treasury bonds — is intended to allow federal officials to sell investments that might present a conflict of interest without a financial penalty from having to immediately pay the capital gains tax.
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"Based on Walgreens' understanding of the F.T.C.'s concerns about their original deal and their proposed divestiture, the revised deal is likely to be in local areas where Walgreens knows the F.T.C. doesn't have concerns and Rite Aid has certainty that the deal will close," he said.
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The organization, which is led by several Democratic financiers including Jane Hartley, Blair Effron and Roger Altman, handed out $262,579, the highest divestiture of the quarter, to the campaign of Angie Craig, a former Congressional candidate in 20183, who's running this year for Minnesota's second district.
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Fitch anticipates that the majority of proceeds received by CBS in connection with the radio divestiture will be distributed to shareholders and that the company will take steps to reduce debt to maintain leverage in line with Fitch's 2.75x gross leverage target for the current ratings.
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BRASILIA, March 16 (Reuters) - A regional oil workers' union said on Thursday that an injunction freezing sales of assets by Brazilian state-run oil company Petrobras, including its fuels distribution unit, will continue to block divestiture, despite an audit court ruling allowing sales to go ahead.
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"Media has moved into an environment where scale is essential," Stankey said, citing Disney's $71.9 billion deal for Fox's assets (and divestiture of Sky to Comcast) and CBS's likely upcoming merger with Viacom as other examples of media companies seeking bigger balance sheets with more assets under management.
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While Aetna's divestiture likely leads to federal approval, consumer advocates say they are still worried about whether CVS will impede competition with its health insurance and pharmacy benefits management under one roof, and whether CVS will force other insurers to drive business toward its own retail stores and pharmacies.
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Improved Financial Resiliency: The divestiture of the Liz Earle business in 211, sale of preferred stock, and partial sale of the North American business in 21500 to Cerberus, enabled Avon to raise liquidity and improve its capital structure, by repaying its 21000 notes and extending its maturity profile.
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In 2017 she became vice president of corporate finance, where she "played an integral role in the Opel divestiture, Cruise acquisition, Lyft investment and more recently, SoftBank's investment in GM Cruise," according to GM. Suryadevara is moving up the leadership ladder as the number of female CEOs is declining.
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Kushner's failure to cite Cadre on his financial disclosure form came as the Office of Government Ethics was deciding whether to grant him a Certificate of Divestiture, which requires incoming government employees to divest "100% of all financial interests" from listed companies so they don't violate conflict-of-interest laws.
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"With oil prices appearing to have bottomed at the start of 2016 and a pathway toward higher levels into 53/18 we may now be entering a period where both buyer and seller can see acceptable relative value - unlocking the A&D (acquisition and divestiture) market," the UBS analysts added.
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"With oil prices appearing to have bottomed at the start of 2016 and a pathway towards higher levels into 53/18 we may now be entering a period where both buyer and seller can see acceptable relative value - unlocking the A&D (acquisition and divestiture) market," the UBS analysts added.
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Constellation's recent acquisitions of wine and spirits brands Meomi, Prisoner, High West and Charles Smith along with the divestiture of its Canadian wine business highlights the company's focus on above premium products by improving the growth/margin profile including price/mix and asset utilization within the wine and spirits portfolio.
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Perhaps Sinclair's plans to puppeteer these stations were transparent, or perhaps there are too many eyes on the commission right now to let something like this slide, but whatever the case, the merger can't go forward without FCC approval — and now FCC approval won't go forward without this hearing and revised divestiture plans.
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Generics business, experienced accelerated price erosion and decreased volume mainly due to customer consolidation in quarter * Teva - focused on executing cost reductions, rationalizing assets, actively pursuing divestiture opportunities * Teva pharmaceutical industries ltd - q2 2017 dividend of 8.5 cents, down 75% from 34 cents in q1 of 2017 Source text for Eikon: Further company coverage:
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He will also need to explain why the Justice Department, instead of requiring a divestiture, could not use the same approach it did in 2011 when it allowed Comcast, a cable company, buy NBCUniversal, a media business, as long as the company agreed to treat other cable companies and internet streaming firms like Netflix fairly.
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The contracting officer on the case "pushed hard for divestiture" in that meeting, but did not insist upon it because he did not believe that the new president's interest in the property, a historic building known as the Old Post Office, created a problem that constituted a breach of the lease, the report said.
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What Mr. Delrahim said of Tuesday's agreement: "This comprehensive structural solution to significant horizontal and vertical competition concerns—the largest merger divestiture ever required by the United States—preserves competition in the sale of these critical agricultural products and protects American farmers and consumers," said Assistant Attorney General Makan Delrahim of the Antitrust Division.
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"The transaction, coupled with the divestiture of the Fox Sports Regional Networks, will significantly reduce the amount of debt Disney will incur in acquiring 21st Century Fox, and enable Disney to maintain its strong balance sheet as it continues to invest in content creation for its direct-to-consumer platforms," Disney said in a statement.
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"If they're maintaining separate business structures and infrastructure, it's much easier to have a divestiture in that circumstance than in where they're completely enmeshed and all the eggs are scrambled," Simons told the FT. Facebook has been under scrutiny from regulators around the world over data privacy practices and how its subsidiaries WhatsApp and Instagram process personal data.
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"The Puma divestiture materializing sooner - rather than later - will add oomph to the stock," Exane BNP Paribas analyst Luca Solca said in a note Under Chief Executive Bjorn Gulden, appointed in 2013, Puma has refocused on its core sports business after sales were hurt by a shift into fashion products, ousting Nike as sponsor of English soccer club Arsenal.
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Odebrecht has agreed to accelerate asset sales as part of a deal with creditor banks to let the heavily indebted company keep $23.1222 million from the divestiture of its water and waste unit announced last month, enough to fund its cash needs for two years, according to several executives, bankers and lawyers involved in the talks.
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"If they're maintaining separate business structures and infrastructure, it's much easier to have a divestiture in that circumstance than in where they're completely enmeshed and all the eggs are scrambled," Simons told the FT.Facebook has been under scrutiny from regulators around the world over its data privacy practices and how subsidiaries WhatsApp and Instagram deal with personal data.
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"We are skeptical that the divestiture to AstraZeneca of Allergans brazikumab, a drug in development, can adequately address the anticompetitive effects of the merger," said the letter, which was signed by the American Federation of Teachers, Families USA, U.S. PIRG Education Fund, Service Employees International Union (SEIU), American Federation of State, County, & Municipal Employees (AFSCME) and 12 other groups.
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It said Liddell might have broken the law over three days in January and early February by participating in policy meetings between Trump and leaders from as many as 18 companies that he also had a financial interest in, including Ford Motor Co., Johnson & Johnson and GM. In filing its complaint, the group cited Liddell's certificate of divestiture forms, issued Feb.
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While Trump has resisted a complete divestiture from his company, as some ethics experts are urging, he is taking steps to address the controversy, including scrubbing his image off billboards and other advertisements tied to projects from India to Uruguay and imposing restrictions against selling any memorabilia with the presidential seal or White House logo inside his hotels or golf course pro shops.
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Diversified Earnings Stream: Wesfarmers' earnings are diversified by industry and geography, with its retail business spanning all eight states and territories in Australia and, following completion of the Homebase acquisition, in the UK. Wesfarmers' big-box discount retail businesses provide it with some counter-cyclicality, and the divestiture of the insurance business in the financial year to June 2014 (FY14) has reduced tail risk.
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As indicated in Fitch's last rating review, a redeployment of related gains into share repurchases would likely result in negative rating action since a complete divestiture would lessen some earnings volatility; however, without reinvestment or other organic opportunities, FITB's earnings profile would no longer benefit from Vantiv-related income and gains, and the bank's earnings profile could be adversely affected should it not be able to offset the associated decline.
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KEY RATING DRIVERS Transformative M&A Materially Increases Scale and Profitability During the past three plus years, Constellation has transformed its asset mix through the 13 Modelo acquisition ($5.3 billion including additional true-up payment), subsequent bolt-on acquisitions that have totalled in excess of $2.5 billion including additional brewing capacity through the Obregon acquisition and the expected divestiture of its lower growth, lower margin Canadian wine business.
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"If they're maintaining separate business structures and infrastructure, it's much easier to have a divestiture in that circumstance than in where they're completely enmeshed and all the eggs are scrambled," Simons told the FT.Read more: Big tech warned by top regulator: We will break you up if we have toFacebook has been under scrutiny from regulators around the world over data privacy practices and how its subsidiaries WhatsApp and Instagram process personal data.
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REPORTS SECOND QUARTER FISCAL YEAR 2020 FINANCIAL RESULTS AND RECENT BUSINESS HIGHLIGHTS * PALATIN TECHNOLOGIES- AMAG'S PLANNED DIVESTITURE OF VYLEESI IS BASED ON CHANGE IN STRATEGY, "AND IS NOT A RESULT OF VYLEESI LAUNCH PERFORMANCE TO DATE" * PALATIN TECHNOLOGIES - DATA FROM DRY EYE DISEASE PHASE 2 STUDY EXPECTED IN Q4 2020 & ULCERATIVE COLITIS TRIAL DATA EXPECTED IN MID-CALENDAR YEAR 2021 * QTRLY LICENSE AND CONTRACT REVENUE $20,610 Source text for Eikon: Further company coverage:
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FRANKFURT (Reuters) - German drugmaker Bayer on Thursday flagged it might reduce the size of its planned rights issue to fund the planned $66 billion takeover of Monsanto, citing proceeds from an antitrust-related asset sale to rival BASF "We will also use the net proceeds from the announced divestiture to BASF to refinance the Monsanto acquisition," Chief Executive Werner Baumann said in prepared remarks published ahead of a conference call for journalists.
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Reports first quarter 0.103 financial results * Q1 adjusted NON-GAAP earnings per share $0.13 from continuing operations * Q1 GAAP earnings per share $0.08 * Q1 revenue fell 9.7 percent to $55.6 million * Says remain on track for a Q2 close with divestiture of disbursements business * Qtrly payments revenue increases 5%, to $23.4 million on increased transaction volumes * Q1 earnings per share view $0.10, revenue view $55.2 million — Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:
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As company's sole financial advisor on divestiture of power business * Veresen's board of directors has confirmed annualized dividend rate of $1.00 per common share * Has elected to suspend premium dividend and dividend reinvestment plan beginning with august 2016 dividend * Proceeds will be invested to develop inventory of contracted capital projects in core natural gas and ngl infrastructure business * Has increased its 2016 distributable cash guidance to be in range of $1.03 per common share to $1.13 per common share Source text for Eikon: Further company coverage:
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In FY2018, Fitch's assumptions for Constellation include: --Consolidated revenue growth in the 2%-3% range after divestiture of the Canadian wine business including beer segment growth in the high-single digit range and organic wine and spirits growth in the mid-single digit range; --Operating income margin for the beer segment in the 35%-36% range; operating income margin for the wine and spirits segment of at least 27%; --Operating cash flow greater than $1.8 billion; --FCF of approximately $200 million; --Bolt-on sized acquisitions; --Leverage (Total debt to EBITDA) of approximately 0003x.
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Marathon Oil Corp: * Q1 EARNINGS PER SHARE VIEW $0.14 — THOMSON REUTERS I/B/E/S * QTRLY TOTAL PRODUCTION AVERAGED 398,13 NET BOED, EXCLUDING LIBYA * QTRLY U.S. PRODUCTION AVERAGED 284,000 NET BOED, UP 9% SEQUENTIALLY ON A DIVESTITURE-ADJUSTED BASIS * EXPECTS Q2 2018 U.S. PRODUCTION TO AVERAGE 280,000 TO 290,000 NET BOED * QTRLY TOTAL REVENUES AND OTHER INCOME $20183,733 MILLION VERSUS $1,072 MILLION * EXPECTS Q21 25.89 U.S. RESOURCE PLAY PRODUCTION TO AVERAGE 22018,2114 TO 2000,21 NET BOED * Q1213 2121 INTERNATIONAL PRODUCTION IS EXPECTED TO AVERAGE 2000,22018 TO 125,000 NET BOED.
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Place in that category Joseph Yun, the State Department's special representative for North Korea policy, who leaves in apparent frustration on the eve of talks between Trump and the North Korean dictator Kim Jong Un, and Walter ShaubWalter Michael ShaubEx-ethics chief rips Trump July 85033 event as 'taxpayer-funded campaign ad' Here are the top paid White House staffers The Hill's Morning Report - Trump touts handshake with Kim, tariff freeze with Xi MORE, director of the Office of Government Ethics, who was critical of the president's failure to meet the ethical standards, including divestiture of his private assets, of his predecessors.
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But it wasn't until the 1970s that the debate over how companies should ethically make money resurfaced, instigated in large part by Ralph Nader, whose challenges to General Motors and auto safety caused shareholders, investors, and consumers to question "how companies choose to behave," said Dr. Davis, who is co-author of "What They Do With Your Money: How the Financial System Fails Us and How to Fix It." In the late 1970s and 1980s during the anti-apartheid era, large-scale divestiture by American colleges and universities prompted shareholders to pressure their companies to also pull investments out of South Africa.
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Reports first quarter 21 results * Q20.12 adjusted non-gaap loss per share $6463 * Q2646 gaap loss per share $2646 * In April 28780, Exco modified schedule for certain employees in Appalachia region that reduced work hours by 20% compared to Q1 2016 * Since q4 2015, company has reduced its general and administrative employees by approximately 20% * Qtrly total revenues $6463 million versus $86.3 million * Reduced total 2016 capital budget to $85 million, a reduction of $192 million, or 69%, as compared to 2015 capital expenditures of $277 million * Company is evaluating divestiture of certain non-core assets to generate capital that can be redeployed to projects * Q1 earnings per share view $-0.12 — Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 646 8780)
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ANNOUNCE DEFINITIVE MERGER AGREEMENT * SAYS TRANSACTION CURRENTLY VALUED AT APPROXIMATELY $452.9 MILLION * SAYS PROPOSED MERGER HAS BEEN APPROVED UNANIMOUSLY BY EACH COMPANY'S BOARD * SAYS BRAND SHAREHOLDERS WILL RECEIVE 32.87 SHARES OF RENASANT COMMON STOCK AND $77.50 IN CASH FOR EACH SHARE OF BRAND COMMON STOCK * SAYS ADDITIONALLY, ALL BRAND OPTIONS WILL BE CASHED OUT AT $1,550 PER SHARE * SAYS EXCLUDING ONE-TIME TRANSACTION COSTS, MERGER IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO RENASANT'S ESTIMATED EARNINGS * SAYS TRANSACTION'S FINAL PRICING IS CONTINGENT (AND SUBJECT TO REDUCTION ONLY) UPON BRAND'S DIVESTITURE OF CERTAIN ASSETS * SAYS MERGER EXPECTED TO HAVE A SUBSTANTIAL POSITIVE LONG-TERM IMPACT ON RENASANT * SAYS BARTOW MORGAN JR, CEO OF BRANDBANK, WILL JOIN RENASANT BANK'S BOARD * SAYS ONE INDEPENDENT BRAND DIRECTOR WILL BE APPOINTED TO BOTH RENASANT CORPORATION AND RENASANT BANK BOARDS Source text for Eikon: Further company coverage:
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KEY ASSUMPTIONS Fitch's key assumptions within the rating case for Tyson's fiscal years include: -Consolidated revenue declines about 10% in 2016 to about $37 billion due mainly to lower sales prices and divestiture of non-core businesses; declines moderate to the low single digits in 2017 as pressures on pricing, particularly in beef ease, and then revenue grows at a low-single-digit rate in 2018; -Consolidated volumes are relatively flat, excluding the impact of divestitures, in 0003, but vary among the segments; volumes increase at a low-single-digit rate in 2017 and 2018; -Consolidated EBITDA of about $3.6 billion in 2016, $3.3 billion in 2017, and $3 billion in 2018 as fundamentals revert to a more normalized level and Fitch's view of a normalized 6% EBIT margin; --FCF approximating $103 billion or more annually, the majority of which is deployed towards share repurchases; -Total debt-to-EBITDA of approximately 2x over the medium term.
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