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.
6 million was realized in 2006, from the losses associated with the divestiture
of Xcelecom will help fund the capital program.
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.
Adjusting for the larger than originally planned divestitures
, the pro forma proved reserves of the new Anadarko will be about 2.
Albany banking markets would exceed the DOJ Guidelines after accounting for the proposed divestitures
Shield Corporate Finance, the international divestiture
specialists, served as financial advisor to UCI on the transaction.
Hackett said Anadarko is conducting a thorough review of the consolidated assets to select divestiture
candidates, with the dual goals of paring acquisition-related debt and optimizing the portfolio.
Following the divestitures
required by DOJ, the combined company will have less fossil generation in the PJM East region than PSEG has today.