divest.01

frames

• Following the acquisition of R.P. Scherer by a buy-out group led * by Shearson Lehman Hutton earlier this year , [_ARG0 the maker of gelatin capsules] decided *-1 to [_rel divest] [_ARG2-REC itself] of [_ARG1-of certain of its non-encapsulating businesses] .
• Even after [_ARG0 *-1] [_rel divesting] [_ARG2-REC itself] of [_ARG1-of $ 120 million *U* of unprofitable business] , the new Pinkerton 's will have sales of about $ 610 million *U* this year and operating profit roughly double the industry average of 2%-3 % *U* of sales , says 0 *T*-3 Lloyd Greif of Sutro & Co. in Los Angeles , which *T*-20 arranged the Pinkerton 's acquisition .
• The adjustments result from the recently passed thrift-industry bailout legislation , which *T*-1 requires [_ARG0 thrifts] to [_rel divest] [_ARG1 all high-yield bond investments] [_ARGM-TMP by 1994] .
• The question of control could further hinder long-delayed plans for [_ARG0 the government] to [_rel divest] [_ARG2-REC itself] of [_ARG1-of Philippine Airlines , in which it has a 99 % stake *T*-1] .
• Oil-related properties suffered a huge decline until [_ARG0 I] [_rel divested] [_ARG2-REC myself] of [_ARG1-of all such stocks] [_ARGM-TMP in 1985 , at which point the industry , while *-1 not lighting up any Christmas trees , began a slow recovery *T*-2] .
• [_ARG0 *] [_rel Divesting] [_ARG2-REC itself] of [_ARG1-of what *T*-3 is left *-1] , as * is required *-2 of all thrift institutions by July 1994 under the new federal S&L bailout law , may well prove difficult .
• One of the major concerns expressed * by the dissenters was that [_ARG0 large airlines] would be prohibited *-1 from *-2 [_rel divesting] [_ARG2-REC themselves] of [_ARG1-of smaller entities] and producing independent spin-off companies .
• [_ARG0 J.P. Industries , which *T*-2 is based *-1 in Ann Arbor , Mich. ,] said 0 the sale completes a previously announced program * to [_rel divest] [_ARG2-REC itself] of [_ARG1-of its hardware and plumbing supplies operations] .
• Mr. Atherton said 0 CityFed will also mark its portfolio of high-yield corporate bonds to market as a result of federal legislation requiring that [_ARG0 savings institutions] [_rel divest] [_ARG2-REC themselves] of [_ARG1-of such bonds] .
• The legislation requires [_ARG0 thrifts] to [_rel divest] [_ARG2-REC themselves] of [_ARG1-of junk bonds] [_ARGM-LOC in the new , somber regulatory climate] .
• New federal legislation requires that [_ARG0 all thrifts] [_rel divest] [_ARG2-REC themselves] of [_ARG1-of such speculative securities] [_ARGM-TMP over a period of years] .