The investments and the divestiture were first reported by The Associated Press.
Weyerhaeuser reported third-quarter earnings of $280.0 million, or $1.33 per share, including $461.0 million in gains from the packaging divestiture to international Paper, up from net income of $101.0 million, or 47 cents per share, in the prior year.
Any divestiture would hinge on a report being prepared by British regulators as to whether Yell enjoys unfair dominance in the directories market.
Combined with another divestiture, the sale allowed Ball to report a 14% gain in net income, continuing a ten-year record of 14% annual increases".
"With the magnitude of this asset sale, we're still at least two years away from having that," said Mr. Lehrich, who issued a report on Monday predicting the divestitures and lowering his rating on the stock.
But Mr. Steenland, president of Northwest, said that a close reading of the report strongly suggested that a similar divestiture would be needed to satisfy the anticompetitive concerns expressed today.
The report repeats the Commission's preference for divestitures of stand-alone ongoing businesses, as opposed to the divestiture of selected assets.
Trustees have established a subcommittee on corporate responsibility that is studying the issue, but so far the school is continuing to follow a 1978 report stating that the board is "not convinced that divestiture..
Following the judge's ruling against Microsoft in the government's antitrust case, prosecutors are likely to demand a divestiture of the company's Office software business, according to several news reports.
Fortune Brands, which reported earnings Thursday, is in the process of dividing itself into two units following the divestiture of a third.
The report states that the Commission does not believe the practices "reflect significant changes to the Commission's current practice, but rather further refine the Commission's approach to remedies and the remedy process". The report states that divestitures, by far the most common remedy proposed by the FTC, are the most successful method for maintaining competition levels post-merger.
