"The asset sale program is independent of the evaluation" of whether to divide the company, says Cazalot.
Company will also file revised plan seeking to use proceeds from asset sale closing in Q3 to repurchase stock.
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After the asset sale to Zumwalt, Woodside Ranch had no operating assets and ceased to engage in any meaningful business activity.
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Other companies reportedly interested in the asset sale include Wal-Mart and Kroger.
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This might be its last major asset sale as it been selling off its non-core divisions to focus more on its main business offering.
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Not including the effects from one-time asset sale gains, the company's profits were 64 cents per share, in line with expectations and up from 58 cents a year ago.
Not including the effects from one time asset sale gains, the company's profits were 64 cents per share, in line with expectations and up from 58 cents a year ago.
New Century, which said late Thursday it wasn't going to make any more loans and was still struggling to line up support among its bankers, teetered even closer to possible bankruptcy Friday and could be vulnerable to an asset sale.
Although Pandit and other executives are expected to also fend off calls for a break-up on Friday when the company offers a four-hour presentation to investors and analysts, the asset sale could be viewed as de-facto response to those critics.
Last week, RIM jumped on speculation that activist investor Carl Icahn had taken a stake in RIM, which will help him push for a board seat and press the company to consider a sale (see Rumored Icahn Stake in RIM Fuels Takeover, Asset Sale Speculation).
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Note that even if your brokerage tells you the cost basis of an asset after a sale, it may not be telling the taxman.
Some banks and insurers have started to retrench, putting their asset managers up for sale, though mostly to other more optimistic banks.
Others fall in briefly because of a sudden windfall or the one-time sale of an asset.
Those bullish on Wharf say both the asset swap and the Omni sale are good for the firm.
It concerns the proposed transfer of a true national asset (at fire-sale prices, no less): the last American-built and -owned global fiber-optic network.
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Lehman hasn't articulated a clear plan for raising capital other than to say it will have proceeds from the sale of its asset management business.
The likes of Jupiter and Threadneedle, two asset managers, have been for sale for ages.
Upon the sale of its only asset, Fifth Avenue was completely dissolved.
Thomas calculates that the tax deferral strategy wins over a sale today if the asset grows more than 77% during the deferral period.
In order to keep their portfolio balanced or maintain sector exposure, however, many investors will buy a similar asset around the time of the sale.
The disposition of the partnership interest itself is a sale of an intangible asset, which sources to the state of domicile or at least it did in 2005.
C. but the national security community and the Congress to reject this "fire-sale" of an asset with immeasurable significance for the Nation's future strategic interests and economic competitiveness.
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Under Delaware law, majority shareholders have strict duties of loyalty to minority shareholders that include not usurping opportunities, such as the sale of a major asset, that belong to the corporation.
The British bank's willingness to consider a sale of BGI, its asset-management arm, suggests worries over capital.
Upon accepting the new title of CEO, Dudley said he would spend the next 18 months raising capital through asset sales, much like the recent sale to Apache earlier in the month.
The restructuring of Laiki and the sale of the toxic-asset laden Greek branches of Cypriot banks is expected to cut the amount the country needs to raise to about 3 billion euros instead of 5.8 billion euros, officials have said.
My strong sense is that the executives, led by the chief executive, Vittorio Colao, would prefer a conventional merger with Verizon rather than the sale to Verizon of its most valuable asset.
Also, there can be an installment sale (when the value of the asset is low) to a defective grantor trust that is a completed transfer but not taxed for income tax purposes.
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In September, the FHA will begin its Distressed Asset Stabilization Program, which puts up thousands more loan notes for sale.
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But one asset, underperforming though it is this season, is apparently not for sale: the company intends to keep the Chicago Cubs baseball team.
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