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News - Divestment

2011-03-10 09:00:00

NEW YORK, March 10, 2011 /PRNewswire/ -- More than two-thirds of business professionals surveyed recently believe their companies are likely to attempt at least one divestiture--if not more--in the next three years, according to a survey from Deloitte about divestitures. According to the Deloitte "Divestiture Survey Report," 49 percent of the respondents believe their companies are likely to attempt one to two divestitures over the next three years, while 14 percent may attempt between three to five divestitures, and 4 percent may pursue up to six or more divestitures during this time period. "We expect to see a higher volume of M&A divestiture deals going forward.

2008-10-31 12:00:24

The US Department of Justice has announced that it will require Verizon Communications to divest assets in 100 areas in 22 states in order to proceed with its $28 billion acquisition of Alltel.

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