We chose a developing country since few empirical studies examined divestitures
in such an institutional context (Sun, 2012).
Consummation of the proposal would exceed the threshold levels in the DOJ Guidelines in the following markets: Alleghany, (16) Franklin City, and Shenandoah, all with proposed divestitures
; and Warren, Fredericksburg, and Bluefield, (17) all without proposed divestitures
While mergers and acquisitions tend to have a higher profile, divestitures
are deemed just as important to corporate strategy, say the survey participants.
Even with major divestitures
, Northrop would be an attractive partner for Lockheed because of its defense information business and commercial aircraft operations.
2007 production volumes are expected to be between 189 million and 201 million BOE, or between 177 million and 188 million BOE excluding properties targeted for divestiture
, which are projected to be included in results for part of 2007;
In the five remaining banking markets involving divestitures
, including the Salt Lake City market, consummation of the proposal could increase the level of market concentration to levels that exceed the DOJ Guidelines.
54 billion divestiture
was more than twice what Wells Fargo expected regulators to require.
The Department of Justice has conducted a detailed review of the proposal and advised the Board that, conditioned on completion of the proposed divestitures
, consummation of the proposal would not likely have a significantly adverse effect on competition in any relevant banking market.
would be the largest required in an energy company merger, involving 26 generating units located at these six plants.
Fitch will continue to monitor the progress and proceeds from ConAgra's divestitures
, of which the refrigerated meats business represents the majority.
are expected to be completed over the next 12 months or by the third quarter of fiscal 2007.
Heinz has completed the divestitures
of HAK(R) vegetables in the Netherlands and its seafood business in Israel, and is finalizing the sale of its stake in The Hain Celestial Group, Inc.