Word: divestment
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...corporate planning rooms, however, hopes are likely to stay on the mend. There is little chance that CEOs planning deals will recoil. Companies seeking to divest a noncore asset or buy one that fits a strategic need can't wait forever. With stock prices no longer falling and the worst earnings news evidently behind us, bankers say, buyers and sellers of companies are better able to value assets and are eager to explore options. For example, analysts who cover J.P. Morgan Chase say the bank, stung by its exposure to investment banking, is looking for an acquisition in the consumer...
...past, the committee has influenced the Corporation—Harvard’s highest governing board—to divest holdings in South African companies during apartheid. The committee has also discouraged the University from investing in tobacco companies. The Harvard Corporation has ultimate authority for the University’s endowment, which now stands at just over $18 billion...
...covers the mouth, a "zone of pollution ... disrespectful to expose before others." Each man adjusts his veil subtly, constantly, in response to others and in accordance with status. One of high rank may let the veil fall. "Only someone who has made the pilgrimage to Mecca," Keenan writes, "can divest himself entirely...
...computer and telecom-equipment makers now facing rebellious shareholders and piles of inventory, the prospect of a cash infusion from the sale of their factories to EMS companies is especially appealing. "We used to have to fight and plead for companies to divest assets to us," says Dave Fargnoli, a director of finance at Flextronics. "Now we're in the driver's seat because they are rushing to off-load them." Marks, a salesman to the bone, tells potential customers: "You can be a market-leading company and not make a single thing." Why not, he adds with a grin...
...opponents wanted the deal weakened, not killed. "I feel like a golfer who's just overshot the green," said an executive on the "winning" side. Had the deal gone through, GE's opponents would have been able to pick up some of the Honeywell businesses Welch was ready to divest. Now they can't. At least some on the GE side of the case felt that the competitors' appetite for GE's spare parts would trump their fear of a merger. That didn't happen...