Exact(4)
Banks, rubbish collectors and telephone companies have been allowed to complete acquisitions only if they make divestitures.
Under this provision, WellPoint would be required to make divestitures and other concessions to obtain regulatory approval from states and other regulators.
Since announcing the merger, the telecommunications giant had signaled that it would be willing to make divestitures — potentially billions of dollars worth — to satisfy regulators.
And while Mr. Welch is apparently upset at the prospect at having to make divestitures on so large a scale, the executives close to the talks said he was resigned to completing the deal.
Similar(56)
This is a provision that obligates a buyer to take all steps to satisfy regulatory authorities, including making divestitures.
Nonetheless, Congress acted in 2006 to deal with the recusal problem by making divestiture more appealing.
Government ethics experts said this week that Price's stake in Innate Immuno as it tries to develop a blockbuster drug would clash with his public duties, making divestiture mandatory.
That may mean that Nestlé may need to make some divestitures to win regulatory approval.
Giants like the Dutch bank ING and the Royal Bank of Scotland were required to make significant divestitures.
Because GE is so large, moreover, Mr Immelt will have to make big divestitures, too, if he really wants to change the complexion of his business.
Honeywell had offered to accept about $1.8 billion less than previously agreed to if that would help make the divestitures sought by regulators more palatable to G.E.
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