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That may mean that Nestlé may need to make some divestitures to win regulatory approval.
Mr. Hommen said that his firm has completed most of the necessary divestitures to finish its turnaround.
He added that any discussion of divestitures to satisfy antitrust concerns was premature, though any request to sell off a major part of the business would be "unprecedented".
But analysts said it would be difficult for EMI's new owner, Universal, to take over HMV, as E.U. regulators had already required Universal to make significant divestitures to complete the deal.
He is also trying to use the divestitures to slim down the company and focus more on what he thinks it does best: high-risk, high-return frontier exploration and production, including deepwater fields.
Today, the F.C.C. went further, ordering another round of divestitures to comply with a law that says the agency will approve only those mergers that are found to be in the public interest.
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"We were forced by divestiture to make changes that probably were good for us," Robert Allen, the chairman, said.
"The commission's policy is to verify that the divestiture to any purchaser does not raise new competition concerns," said a spokesman for the EU competition chief, Joaquín Almunia.
From a regulatory perspective, we do ot believe that either the EU or US Federal Trade Commission would challenge the deal or require a meaningful level of divestiture to complete the deal.
Sprint executives have said that the company will sell its Internet backbone as part of the deal, although government officials have indicated that will not be enough of a divestiture to satisfy them.
On March 30 , 2012 we wrote you a follow-up letter stressing that the Company should explore the monetization of the patent portfolio with a sense of urgency, and should carefully assess any asset sale or divestiture to ensure the most tax-efficient outcome.
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