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But the divestitures, coming within 90 days of him taking office, are largely unrelated to Heinz.
But Darren Lehrich, an analyst at SunTrust Robinson Humphrey, said the divestitures indicated that Tenet's turnaround was far from imminent.
The proceeds from the divestitures will be used to finance Citizens' planned acquisitions of telephone access lines.
That includes reductions resulting from the divestitures of the company's German retail banking operations and its Indian outsourcing franchise.
"We probably have one more quarter where the divestitures will be of high interest, but people are going back to the core business".
The company has raised $10.7 billion from the divestitures, as well as an additional $9.5 billion from the sale of shares in Lukoil.
Similar(21)
The investments and the divestiture were first reported by The Associated Press.
First, a court would have to determine what kind of divestiture for Honeywell would be analogous to the divestiture of G.E. Capital Aviation Services, or Gecas, which European regulators wanted.
Even with the divestiture, the new company will control about 40percentt of Alaskan oil production.
Standard & Poor's analyst Efraim Levy thinks the divestiture should enhance liquidity.
But capital gains taxes on the divestiture would have been exorbitant.
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