are commonly executed by companies attempting to enhance shareholder wealth, it is important to determine the association between divestitures
14) After consummation, and accounting for the proposed divestitures
, concentration in the Sussex and Surry banking markets would not increase, and the increases in concentration in the Farmville, Tazewell, and Roanoke (as redefined) banking markets would not exceed the threshold levels in the DOJ Guidelines.
The research indicates that successful divestitures
are a product of well-conceived and thorough planning and preparation.
The most recent offer of divestitures
was double the size of the companies' first proposal.
Adjusting for the larger than originally planned divestitures
, the pro forma proved reserves of the new Anadarko will be about 2.
22) After accounting for the proposed divestitures
, consummation of the proposal would be consistent with Board precedent and the Department of Justice Merger Guidelines ("DOJ Guidelines")(23) in at least 16 of the 21 markets: Bonners Ferry, Burley, Montpelier, and Twin Falls, Idaho; and Box Elder, Cedar City, Delta, Ephraim, Logan, Moab, Monticello, Park City, Price, Richfield, Roosevelt, and Vernal, Utah.
represent 11 percent of First Interstate's California deposits, but only 5 percent of the combined companies' (deposits)," he said.
Shield Corporate Finance, the international divestiture
specialists, served as financial advisor to UCI on the transaction.
Albany banking markets would exceed the DOJ Guidelines after accounting for the proposed divestitures
This includes our Canadian holdings, which have already been moved to discontinued operations with the expectation of divestiture
before year-end," he said.
Following the divestitures
required by DOJ, the combined company will have less fossil generation in the PJM East region than PSEG has today.
Actions ConAgra has outlined include; but are not limited to, a 34% reduction in its dividend, additional non-core divestitures
, increased and more targeted marketing spend, supply chain improvements and significant plant rationalizations.
include the Armour, Butterball, and Eckrich brands and manufacturing facilities.
Johnson, Heinz Chairman, President and Chief Executive Officer commented: "The company is making very good progress in accomplishing its objective of divesting non-core businesses and expects that total proceeds from all non-core divestitures
will approximate $1 billion.
All of the planned divestitures
are expected to be completed in the fourth quarter of 2005 with aggregate proceeds of approximately $400 million from the sale of the Fluid Sciences business segment.