Despite the economic slump, a high number of executives are continuing to pursue divestitures or carve-outs, according to a survey conducted by Deloitte Corporate Finance.

The study, which polled some 100 executives, found that 66 percent pursued the sale of an asset that was not considered to be part of the core business strategy, while 50 percent indicated that they were pursuing a divestiture to raise capital.

With regard to asset sale prices, 83 percent of those polled indicated that strategic buyers typically offer the highest valuations of asset sales.

According to the survey, the most common reasons for not completing a carve-out divestiture were:  sellers were unable to obtain the price sought (67 percent); buyers came back with new, reduced terms (38 percent); sellers could not find a buyer (33 percent); and buyers were unable to secure funding (32 percent).

To review the full survey results, visit www.investmentbanking.deloitte.com/divestiture.

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