News by subject: Divestiture

IMG, an Endeavor company and global leader in events, media, sports and fashion, today announced it has sold The Miss Universe Organization (MUO), the global organization overseeing the annual MISS UNIVERSE competition, to Thailand-based JKN Global...

Regulatory News: Axway (Paris:AXW) today announces that it has achieved its 2022 objective to rationalize its product portfolio thanks to several operations carried out in recent months. In line with its strategy to focus on its core products and...

ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets in Montana and Washington. The sales agreement includes the Silvertip pipeline, ExxonMobil's interest...

Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Magna Legal Services (Magna), a portfolio company of CIVC Partners, L.P. (CIVC), on its pending sale to Odyssey Investment Partners, LLC...

Freedom Holding Corp. (the "Company") today announced that it has entered into an agreement to sell its Russian subsidiary, Investment Company Freedom Finance LLC ("Freedom RU"), together with Freedom RU's subsidiary FFIN Bank LLC (such companies...

The LGL Group, Inc. today announced the adjustment to the terms for its warrants, as a result of its M-tron Industries, Inc. spin-off. The adjustments are as follows: LGL warrants exercise price is adjusted to $4.75 from $12.50 original before the...

Cognyte Software Ltd. (the "Company," "Cognyte," "we," "us" and "our"), today announced it has entered into a definitive agreement to sell its Situational Intelligence solutions, which are part of Cognyte's Threat Intelligence Analytics offering, to...

BitNile Holdings, Inc. , a diversified holding company ("BitNile" or the "Company"), reminds all stockholders, investors and interested parties that today it is hosting its Investor Webcast and Conference Call Regarding the Planned Spin-Offs Creating...

Spectrum Brands Holdings, Inc. , a leading global branded consumer products and home essentials company, today filed its answer to the lawsuit filed by the U.S. Department of Justice ("DOJ") seeking to block the Company's sale of its Hardware and...

OpenGate Capital, a global private equity firm, today announced that it has exited its investment in InRule Technology® ("InRule"), a market-leading intelligence automation platform, through a sale to Pamlico Capital. Financial terms were not...

SunOpta Inc. ("SunOpta" or the "Company") , a U.S.-based global pioneer fueling the future of sustainable, plant-based and fruit-based foods and beverages, today announced the sale of its sunflower business to Pacific Avenue Capital Partners...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with over $50 billion of equity capital under management, is pleased to announce the sale of its portfolio company Salary.com (the "Company") to Accel-KKR. Terms of the...

The LGL Group, Inc. announced that it has completed its previously announced spin-off of M-tron Industries, Inc. on October 7, 2022, as previously announced. Mtron common stock trades on the NYSE American under the symbol "MPTI." The pro-forma...

Babylon ("Babylon" or the "Company") today announced that it intends to divest Meritage Medical Network ("Meritage"), a network of approximately 1,800 physicians providing physical care in California with over $400 million in estimated 2022 revenue,...

Tricon Residential Inc. ("Tricon" or the "Company") , an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, announced today that it has entered into an agreement to sell its 20% equity...

Tractor Supply Company , the largest rural lifestyle retailer in the United States, announced today that it received clearance from the Federal Trade Commission ("FTC") to close on its previously announced acquisition of Orscheln Farm and Home. The...

One Equity Partners, a middle market private equity firm, today announced that it has completed the sale of the Power Generation business of BRUSH Group ("BRUSH") to energy technology company Baker Hughes . The business designs, assembles and...

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, InfoCase, Inc. to Gamber-Johnson LLC (a holding of Main Street Capital Corporation). The acquisition closed...

Martin Midstream Partners L.P. ("MMLP" or the "Partnership") announced the sale of its Stockton Sulfur Terminal (the "Stockton Terminal") to Gulf Terminals LLC. The net proceeds of approximately $5.25 million will be used to reduce outstanding...

Terminix Global Holdings, Inc. ("Terminix" or the "Company"), a leading provider of essential termite and pest management services to residential and commercial customers, today announced that its shareholders have voted at a special meeting of...

Harrow , an eyecare pharmaceutical company exclusively focused on the discovery, development, and commercialization of innovative ophthalmic therapies, today announced the sale of its non?ophthalmic compounding business to Innovation Compounding...

Corsair, a financial services investor focused on payments, software and business services, today announced it has entered into a definitive agreement to sell the UK ATM and TestLink divisions of NoteMachine Group Holdings Ltd ("NoteMachine" or the...

Graycliff Partners LP today announced the sale of WorldWide Electric Corporation (WWE), a leading manufacturer and importer of electric motors, motor controls, gear reducers, frequency converters, and generators, to AEA Investors, a New York-based...

Arcosa, Inc. ("Arcosa" or the "Company"), a provider of infrastructure-related products and solutions, today announced it has completed the previously announced sale of its storage tanks business to Black Diamond Capital Management, LLC for $275...

Medalist Diversified REIT (the "Company" or "Medalist"), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., today announced that Medalist...

Buyk, the real-time retail grocery delivery service that launched in New York City and Chicago in 2021, is soliciting offers to acquire its intellectual property, technology and physical assets. Most of the physical assets are brand new and unused,...

Rocky Brands, Inc. announced today that it has sold NEOS Overshoe to SureWerx, a leading global manufacturer of safety, tool & equipment products. Terms were not disclosed. Rocky Brands acquired NEOS Overshoe in March 2021 when it purchased the...

RLI Corp. ? RLI Corp. (RLI) announced today that it has completed the previously announced sale of its minority interest in Maui Jim, Inc. (Maui Jim) to Kering Eyewear, an affiliate of Kering S.A., a French-based multinational corporation...

ABB announces that Accelleron Industries AG (formerly ABB Turbocharging), a global leader in high-power turbochargers for mission-critical applications, has been admitted to start trading on SIX Swiss Exchange in Zurich under the ticker symbol...

Light & Wonder, Inc. ("Light & Wonder," "L&W" or the "Company") today completed the previously announced sale of its Sports Betting Business, OpenBet, to Endeavor Group Holdings, Inc. ("Endeavor"), for total gross proceeds of approximately $800...

ABB has reached an agreement to divest to Hitachi, Ltd. (Hitachi) its remaining 19.9 percent equity stake in the Hitachi Energy joint venture that was formed from ABB's Power Grids business in 2020, with Hitachi holding a stake of 80.1 percent....

Quinbrook Infrastructure Partners ("Quinbrook"), a specialist investment manager focused exclusively on new infrastructure needed for the energy transition, announced today the execution of binding contracts for the sale of its portfolio company,...

Tumbleweed Midstream, LLC ("Tumbleweed") announced today it has formally ended the sales process of its Ladder Creek Helium Plant and Gathering System. The company's ownership and board of managers are committed to Ladder Creek's ongoing operations...

CVD Equipment Corporation , a leading provider of chemical vapor deposition systems and materials (the "Company"), today announced it has entered into an agreement to sell and lease back its Central Islip, New York facility (the "Premises") from the...

Kinder Morgan, Inc. today announced that it has closed on the sale of a 25.5% equity interest out of its membership interest in Elba Liquefaction Company, L.L.C. (ELC) to an undisclosed financial buyer for approximately $565 million, subject to...

Emerson today announced an agreement to sell its Russia business, including Metran, its Russia-based manufacturing subsidiary, and Emerson LLC in Russia, the sales and service organization for Metran, to the local management team. This announcement...

Fortium Holdings Corp , today announced that following majority shareholder approval on September 16, 2022, it formally changed its name to White River Energy Corp ("White River"). Additionally, White River has formally discontinued operations in its...

Bunge today announced that it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. The sale includes the sunflower processing plant in Voronezh. The completion of the sale is...

Coeur Mining, Inc. ("Coeur" or the "Company") today announced that it has entered into a definitive agreement (the "Agreement") with a subsidiary of AngloGold Ashanti Limited ("AngloGold") to sell its Crown and Sterling ("Crown Sterling") holdings...

Granite Construction Incorporated today announced its decision to retain the Water Resources and Mineral Services businesses that were previously classified as held for sale and reported in discontinued operations. The financial results for these...

Marcus & Millichap , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a four-property, 669-unit Low Income Housing Tax Credit portfolio located...

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Greenleaf Growers, Inc. to 2900 Madison Ave Holdings, LLC (a holding company of Edible Garden, Inc.). The...

Pebblebrook Hotel Trust (the "Company") today announced that on September 14, 2022, it closed on the sale of the 117-room Hotel Vintage Portland in Portland, OR for $32.9 million to a third party. For the trailing twelve months ended June 30, 2022,...

Bunge Limited announced today that it has completed the sale of its wheat mills in Mexico to Grupo Trimex. Bunge will continue to operate its corn mill in Querétaro and to serve its domestic oil and meal customers. About Bunge At Bunge...

Crestwood Equity Partners LP ("Crestwood") today announced the divestiture of its Marcellus natural gas gathering and compression assets to Antero Midstream Corporation , for $205 million in cash, representing a multiple of over 7 times 2023E...

Halliburton Company today announced it completed the sale of its Russia operations to a Russia-based management team made up of former Halliburton employees. As a result, Halliburton no longer conducts operations in Russia. The Russia-based...

FFL Partners ("FFL"), a private equity firm focused on growth investments in healthcare and tech-enabled services, announced today that it has exited its investment in Accordion (the "Company"), a private equity-focused financial and technology...

Argo Group International Holdings, Ltd. ("Argo" or "the company") today announced the company has entered into a definitive agreement for the sale of Argo Underwriting Agency Limited and its Lloyd's Syndicate 1200 to Westfield for total cash...

Xperi Holding Corporation , (the "Company") today announced that its Board of Directors ("Board") has approved the details and timing of the previously announced Spin-Off (the "Spin-Off") of the Company's product business, Xperi Inc. ("Xperi Inc.")...

ShiftPixy, Inc. ("ShiftPixy" or "the Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today...