This is true precisely because a divesting
firm truly is selling off a small part of its business.
Failure to reveal the transaction price paid for divested assets will lead to less favorable reactions from shareholders of buying firms and divesting
firms than if the price is disclosed.
The DE ratios in Figure 1 lend a great deal of credibility to the notion that the divesting
firms did so because of SFAS 94.
Last week, UANI announced the results of a three month-long investigation into the influence of Iran and Hizballah in the Lebanese banking system (LBS) and Lebanon's sovereign bond market, and announced a campaign to compel legitimate financial institutions into divesting
from Lebanon's bond market.
The proponents of divesting
compare the cost of running MTA's bus operations to that of LADOT and Foothill Transit without taking all the above factors into consideration.
Keaveney continued, "Today I am happy to say that we have completed the initial steps of our strategic plan by divesting
our gaming subsidiary to former management and by the asset acquisition of Scalecars.
The four Los Angeles-area hospitals are among 27 hospitals Tenet announced it was divesting
Furthermore, CSX management may be more focused on divesting
the company of non-core operations than on making acquisitions.
our manufacturing activities to companies whose core competency lies in this area, we have been able to focus our supply chain resources and investments on those areas of the business where we believe we can gain the greatest competitive differentiation," Bolouri said.
In the three years following the acquisition, ONCAP has worked with CMC Electronics' management team to build a focused aviation electronics business by divesting
non-core operations and investing in the company's core capabilities.
Management has stated they are committed to focusing on IWKA's core competencies, including divesting
non-core activities and concentrating on markets in which IWKA has a prominent position.
We continue to strengthen our nursing facility portfolio by divesting
or closing under-performing assets, minimizing geographic span-of-control challenges and maximizing our presence in those markets that offer the highest potential for profitable growth," said William R.
A key component of the strategy included divesting
of businesses that we felt do not offer sales and earnings growth potential necessary to meet our expectations.
The initiatives include divesting
or consolidating 14 hospitals with aggregate annual revenues of approximately $933 million that no longer fit Tenet's core operating strategy and reducing non-patient care expenses by at least $100 million annually as part of its program to improve operating efficiency and profit margins.
In testimony at a previous investment committee meeting earlier this year, Kenslea had asked CalPERS to consider divesting
from GSK in light of 8,500 AIDS deaths daily among those who cannot afford life-saving medications.