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Of course for some companies, the decision to divest assets was also driven by the desire to reduce regulatory burdens.
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The telco has said multiple times that it is willing to divest assets, such as wireless spectrum, to win passage for the acquisition.
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Nokia said in July that it planned to cut 10, 000 jobs globally by the end of 2013, and also said it would divest assets to help shore up its finances.
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Many telcos have been forced to divest other assets to service that debt.
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Under Pandit, who became CEO in December 2007, the bank has worked to trim expenses and divest risky assets engineering a new direction back toward profitability.
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On November 4, however, RWE announced it would divest its water assets and focus on electricity and gas markets in Europe.
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As of today, Bank of America (BAC) and JP Morgan (JPM) would have to divest of some assets to fall below this requirement.
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Majors producers like Conoco Phillips and Hess are moving along with plans to divest their downstream assets, which include refineries, in order to focus on higher-margin exploration and production.
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Foreign firms are required to divest 51% of mine assets after 10 years of production.
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We are also taking steps to divest certain non-core assets such as a smaller business in Italy.
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Bloomberg says the company is considering an offer to divest a significantly larger portion of assets than it had initially expected to remedy Justice Department concerns over antitrust issues involved in the takeover.
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