Corporate Divestitures

Chapter 1. Introduction
1.1 Overview
1.2 Characteristics of Corporate Divestitures
1.3 A Transaction Model
1.4 A Staffing Model
1.5 Enabling Principles
1.6 How This Guide Can Help
- Key Points
- Appendix 1A. Divestiture Activity by SIC: 2002-2006
- Appendix 1B. Aggressive Divesters: 2005 and 2006

Chapter 2. Strategic Assessment
2.1 Overview
2.2 Strategic Assessment Process Steps
2.3 Analyze Portfolio and Consider Alternatives
2.4 Opt for Divestiture
2.5 Position the Organization for the Divestiture
2.6 Next Steps
- Key Points

Chapter 3. Divestiture Planning
3.1 Overview
3.2 Planning Phase Process Steps
3.3 Approval
3.4 Organization Plan
3.5 Retention Plan
3.6 Assembling the Divestiture Team
3.7 Development of the Divestiture Plan
3.8 Development of a Communication Plan
- Key Points
- Appendix 3A. Illustrative Divestiture Timeline
- Appendix 3B. Retention Planning Document
- Appendix 3C. Weekly Action Item Control (First 8 Weeks)
- Appendix 3D. Communication Plan Outline
- Appendix 3E. Issues & Resolution Control

Chapter 4. Preparing For The Transaction
4.1 Introduction
4.2 Preparation Phase Process Steps
4.3 Engagement of External Resources
4.4 Validation of the Transaction Structure
4.5 Development of Selling Materials
4.6 Identification of Potential Buyers
4.7 Preparation of a Data Room
4.8 Overview of the Phased Disclosure Process
- Key Points
- Appendix 4A. Illustrative Data Room Information Listing

Chapter 5. Disentanglement
5.1 Disentanglement: Preparing the Business to be Separated
5.2 Disentanglement Process Steps
5.3 Gathering Information
5.4 Determining the Required End-State
5.5 Developing the Disentanglement Plan
5.6 Quantifying the Disentanglement Costs
5.7 Executing the Disentanglement Plan
- Key Points

Chapter 6. Managing The Selling Process
6.1 The Selling Process: Show Time
6.2 Selling Process Steps
6.3 Announcing the Intention to Sell
6.4 Marketing the Business
6.5 Due