61.   The company is planning to spin off its least profitable businesses as a new entity next year.

62.   The deal will create two new entities that will be huge competitors in their businesses.

63.   The company did not provide a breakdown of how many were so-called new chemical entities and how many were new formulations of existing products.

64.   The management of the new entity would have to be taken away from the politicians, who have traditionally run the firm for their own benefit.

65.   The nail care business was sold to Cutex Co., a new entity formed by San Francisco-based investment firm the Shansby Group.

66.   The new entity adds further complexity.

67.   The new entity is to be run by a private board appointed mostly by the mayor.

68.   The new entity identified by Watkins as Condor produces additional concerns.

69.   The new entity will be the owner of U.S. babyfood maker Gerber Products Co., painkiller Voltaren and transplant treatments Sandimmun and Neoral.

70.   The new entity will take the name New Horizons.