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A one-page internal memo from D. Varoli to F. D. Dexter explains how a "carve-out" (selling next year's production in advance) works and why it is undesirable if the business is to be sold. It is followed by an undated, unsigned workshop talk and charts that review Calidria asbestos business performance for 1967 and 1968 and recommend divesting the business in 1969.
- Author
- D. Varoli
- Published by
- Union Carbide Corporation, Chemicals and Plastics
- Series
- Union Carbide documents, UC-437
- Date
- October 4, 1968
- Library no.
- ACL Doc 15684 · asbestosclaims.law/library/15684
- Rights
- A document from asbestos litigation, published for research and historical study.
Read or download
Read online Download the PDF Document UC-437 · 25 pages · 696 KB
What the document holds
- Page 1: Internal memo, D. Varoli to F. D. Dexter, Carve-Out Transaction, October 4, 1968
- Pages 2-8: Text of a workshop presentation on the asbestos business: purpose, background, 1967 and 1968 performance versus plan, significant events, alternatives, and recommendation to divest in 1969
- Pages 9-24: Presentation charts: organization, investment, operating expense, plant and deposit location, product line, principal customers, O&R statements, sales by market area, performance factors, projected economics, divestment alternatives and actions
- Page 25: One-page summary of the UCC asbestos business: ore reserves, plant capacity, investment and estimated return
People and organizations
From D. Varoli to Mr. F. D. Dexter (C&P Development Division); Mr. S. L. Tyler, Jr. (copy recipient).
- D. Varoli (author)
- Franklin D. Dexter (recipient)
- S. L. Tyler, Jr. (copied)
- Union Carbide Corporation (its organization)
Related pages
Pages on our site about what this document covers: Calidria · California Asbestos Exposure Sites: Worksites, Industries, and Trust Coverage.
About this copy
This is document UC-437 of the Union Carbide documents, documents produced and used as evidence in asbestos lawsuits against Union Carbide, 25 pages.
Cite this document
“D. Varoli to F. D. Dexter on Carve-Out Transaction, with Attached Workshop Presentation on Divesting the Asbestos Business.” October 4, 1968. Union Carbide documents, UC-437. Union Carbide Corporation, Chemicals and Plastics. AsbestosClaims.Law Library, ACL Doc 15684. https://asbestosclaims.law/library/15684.
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