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New York State's big public pension fund and California's fund for teachers have already frozen or divested their gun holdings, and California's fund for other public workers, known as Calpers, is expected to take up the issue in February.
In the PMI process, merging firms are reconfigured when their resources are added to, redeployed within, or divested from the new entity formed by acquirer and target firm.
As companies are acquired or divested, it won't take years to make those modifications, which is what has happened in the past.
The New York Times Co. acquisition comes at a time when Slim has scaled back or divested many of his American holdings, which have included Altria, Saks and CompUSA.
Because Excite@Home is both a content provider as well as a broadband connection, the government may be concerned that AT&T could become too big and employ monopolistic practices and possibly block the deal If AT&T got rid of Excite, or divested itself completely, the deal is more likely to go through.
Other companies shrunk because they spun off or divested business segments.
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The effort comes as companies in more developed markets are pulling back or divesting assets.
Mr. Klotzbier insisted that Mellon was not "jettisoning" or "divesting ourselves" of the luxury mortgage business.
Shareholders would remain empowered to invest or divest based on performance.
Mr. Icahn's move could put pressure on the company to sell itself or divest itself of some of its varied businesses.
Today, the pile of assets that Citi plans to sell or divest is down to $337 billion, less than half of its peak of $827 billion in early 2008.
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