Before putting pen to paper, parties should discuss with Bureau staff what assets, rights, and personnel should be included in the divestiture
Comment: To address concerns expressed by the FTC, BMY is planning the divestiture
of Otzela (apremilast).
Tronox Holdings plc (NYSE: TROX), a vertically integrated producer of titanium dioxide pigment, has completed the divestiture
of its 8120 paper-laminate product grade to Venator Materials PLC (NYSE: VNTR).
"Because this proceeding involves multiple transactions in multiple markets, and requires coordinated timing to effectuate divestures of certain stations that are necessary for approval of the overall transaction, we find that consolidated processing of the Divestiture
Applications, and their incorporation into this docket, will result in administrative efficiency and ensure a comprehensive record in this proceeding," the Bureau said in a public notice issued late Friday.
This is the latest in a string of divestitures
from the Hoboken-based company.
Energizer intends to begin the formal divestiture
process immediately following the closing of the acquisition.
Further, the divestiture
of Jostens to Platinum Equity was finalised.
Cooper Standard (NYSE: CPS), a global supplier of systems and components for the automotive industry, has signed a contract regarding the divestiture
of its anti-vibration systems business to Continental AG.
The court must first assess whether Steves has standing to seek divestiture
. The court, as finder of the fact in the remedies phase of the case, finds that Steves has proved that, absent equitable relief, it will be forced out of business when the supply agreement terminates in 2021.
These estimates take into account the divestiture
of operations in Jyvaskyla, Finland in late 2017, as well as the costs related to the voluntary public tender offer by Kildare Nordic Acquisitions S.a r.l.
Aetna said the divestiture
is subject to completion of the acquisition, which would unite the nation's third-biggest health insurer with a leading retail pharmacy chain and pharmacy benefits manager.