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Finance executives believe that corporations will over the next 12 months begin spinning off or selling businesses with increasing frequency. That was one of the findings of a survey title "Divestitures in Difficult Times" from PricewaterhouseCoopers Transactions Services. Sixty-nine percent of the 215 private and public company executives surveyed in August...
Posted on October 22, 2009 8:00 AM
We've written plenty about divestitures over the past few months. (See our two part series on the topic here and here.) With General Electric Co., Time Warner Inc., Motorola Inc., Del Monte Foods Corp., Unilever Group, Weyerhaeuser Corp. and others having recently completed or contemplating major divestitures, the subject is...
Posted on June 27, 2008 12:49 PM
Time Warner Inc. announced details on Wednesday of its plan to spin off Time Warner Cable to investors. Because of its complex ownership structure, the separation will take place in several steps, beginning with Time Warner lifting its stake to 85.2% from 84% and ending with the company receiving a...
Posted on May 21, 2008 8:40 AM
Building on our previous post on divestitures, we spoke with Andy Wilson, Deloitte's & Touche's national managing partner for divestitures services, and Jefferey Weirens, national managing director of Deloitte's carve-out and merger integration practice. By Deloitte's reckoning, in 2007 the number of corporate sales of units worth $1 billion or...
Posted on May 8, 2008 2:02 PM
When it comes to selling a business, planning is everything. In the first of a two-part series, an experienced divestor explains.
Posted on March 12, 2008 2:10 PM
You already knew that divesting is not as easy as hammering a for sale sign into the ground and waiting around for offers. But you may not be aware that one of the most common mistakes executives make when divesting a subsidiary is not preparing financial statements for the sale,...
Posted on March 10, 2008 1:15 PM
"Trickle-down" isn't typically a theory applied to M&A, but as UnitedHealth Group Inc.'s $2.4 billion grab for Sierra Health Services Inc. shows, it could be. The downstream beneficiary in this deal is Humana Inc., which will pick up UnitedHealth's Medicare Advantage business in Las Vegas to satisfy antitrust regulators at...
Posted on February 26, 2008 4:05 PM
There was lots of talk of busted deals, tight credit markets and ethical issues during an acquisition and divestiture panel at the 30th annual Corporate Counsel Institute in Houston on Thursday. Keith Fullenweider, a corporate partner at Vinson & Elkins LLP who moderated the panel, has had some experience: He...
Posted on February 8, 2008 11:01 AM
If there's a "strategic suggestions" box at the headquarters of Motorola Inc., it's filling up fast, but not necessarily with well considered ideas.
Posted on January 29, 2008 4:50 PM
French luxe retailer PPR SA's announcement late Wednesday that it is in advanced talks to sell its YSL Beaute division to L'Oreal SA for 1.15 billion euros ($1.68 billion) suggests a strategy to capitalize on cosmetics -- an area it clearly sees as lucrative. As The Deal's Paul Whitfield pointed...
Posted on January 24, 2008 1:46 PM
Some welcome good news for Alcoa Inc., which has been under pressure to restructure in the wake of its failed attempt to take over a rival. The world's third-largest aluminum producer reported net income for the fourth-quarter 2007 of $632 million, up 76%. The results include the restructuring adjustment and benefit...
Posted on January 10, 2008 10:40 AM
McDonald's recent divestiture of Chipotle's highlights the unique advantages of these transactions.
Posted on December 15, 2006 10:24 PM
Breaking out IP in a divestiture gets even more complex when multiple business units within the corporation use it.
Posted on August 15, 2006 12:59 PM
How a whirlwind divestiture campaign helped global retailer Royal Ahold pull back from the brink, put a major scandal behind it, and face the future on a firm footing.
Posted on February 15, 2006 4:30 PM
When German engineering group Siemens AG announced its $993 million acquisition in May of the systems and services business of United States Filter Corp., it was welcome news for Veolia Environnement SA, the parent company and seller. Paris-based Veolia, an environmental company and formerly part of Vivendi Universal SA,...
Posted on August 15, 2004 5:25 PM
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