Takeda intends to use the proceeds from these divestitures
to reduce its debt and accelerate deleveraging toward its target of 2.0x net debt/adjusted EBITDA in the medium term.
Nexstar will have "an attributable interest in television stations reaching 38.2965% of the national audience" following the divestitures
After tax, proceeds for the divestiture
are expected to be $500 million.
Newell Brands Inc (NASDAQ:NWL) disclosed on Friday the divestiture
of two businesses, Pure Fishing and Jostens, as it continues to execute on its Accelerated Transformation Plan to create a stronger consumer-focused portfolio of brands.
Fitch's key assumptions for Newell on a combined basis with Jarden at the time of the acquisition, prior to any asset divestitures
included: Organic revenue growth rate of 3% annually on a pro-forma basis of $15.5 billion; EBITDA growing to over $3 billion in 2018 from a 2015 pro-forma EBITDA basis of $2.4 billion; and FCF generation of $800 million in 2017 and approaching $1 billion by 2019.
The completion of the divestitures
satisfies the remaining contingencies within the previously received regulatory approvals in the US, Europe and China for BD's acquisition of C.
Tom Schaefer and Andy Taurins have joined the Investment Banking Department of Seaport Global Securities ("Seaport") as Managing Directors and Co-Heads of the firm's Acquisitions & Divestitures
("A&D") practice, the company said.
Some analysts agreed, projecting the likely divestitures
at around 400.
Dramatically reducing the cap to 40% would yield divestitures
of just under 1,000 stores," Kelly explained.
As a result of the 52 slot pair divestitures
at DCA required by the DOJ, American will no longer operate year-round, daily nonstop service to 17 destinations from DCA.
This paper focuses on property, plant and equipment (collectively termed as 'asset') divestitures
, as the most common asset reduction method (Denis and Shome, 2005).