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Just how big an opportunity became apparent when Nestlé acquired Purina in 2001, and the FTC forced divestiture of the Meow Mix (and Alley Cat) brands for anti-trust reasons.
"Then there is RBS, with their own stake sales and the forced divestiture of their Williams & Glyn branches.
In a roundup of recent antitrust enforcement actions (see "The Informer"), Janet Novack cites the forced divestiture of a scrub-free bathroom cleanser operation.
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Asked to name policies that need to change under Scott Morrison, McCormack nominated only a default electricity price and competition measures to force divestiture of assets by large electricity retailers, commitments the government had already made under Turnbull.
Once CFIUS's focus on sensitive data expands to non-controlling investments, we can assume CFIUS will not be shy about forcing divestiture for venture-style investments if the parties did not file and get approval for the transaction in advance.
They are likely to scrutinize the acquisition and possibly force divestitures of certain assets.
"Given this situation, the decision by the FTC to force divestitures within selected markets may be justified to protect consumers in those markets," says Burt.
"We were forced by divestiture to make changes that probably were good for us," Robert Allen, the chairman, said.
–In the 1950s and 1960s General Motors deliberately suppressed sales in order to avoid an antitrust suit that would have forced its divestiture of Chevrolet.
In the marriage of Exxon and Mobil, which had combined sales of $225 billion, he forced the divestiture of a jet-lubricants business, some pipelines and crude-oil production facilities.
Coincidentally, the parties danced around each other in the ensuing litigation as Ryanair successfully intervened in support of the Commission to prevent Aer Lingus from forcing a divestiture.
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