News by subject: Divestiture

Trinity Industries, Inc. ("Trinity" or the "Company") announced today the completion of the previously announced sale of its highway products business for $375 million in cash subject to certain adjustments based on levels of cash, debt, and working...

Vector Group Ltd. ("Vector Group") has completed the spin-off of Douglas Elliman Inc. ("Douglas Elliman") into a standalone, publicly traded company. Douglas Elliman's common stock will begin "regular way" trading on the New York Stock Exchange...

Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and the Dalian...

Tredegar Corporation today reported that it has completed the sale of its approximate 18% ownership interest in kaleo, Inc ("kaléo") pursuant to an agreement dated November 28, 2021, whereby Marathon Asset Management provided kaléo shareholders a...

CenterOak Partners LLC ("CenterOak"), a Dallas-based private equity firm, and its affiliate CenterOak Equity Fund I ("Fund I"), today announced the sale of Vivify Specialty Ingredients ("Vivify" or the "Company"), a leading supplier of specialty...

Citi today announced it has reached agreement with UnionBank of the Philippines (hereafter "UnionBank") on the acquisition of Citi's consumer banking franchise in the Philippines. The transaction covers Citi's local credit card, unsecured lending,...

Ciner Enterprises Inc. (CEI), a wholly owned subsidiary of We Soda Ltd of London, UK ("WE Soda"), has completed the previously-announced sale of 60% of Ciner Resources Corporation ("CRC") to Sisecam Chemicals USA Inc., a wholly owned subsidiary of...

EnPro Industries, Inc. , a diversified industrial technology company, today announced the completion of the sale of Compressor Products International, Inc. (CPI) to Howden Group for $195 million. The agreement was previously announced on October 12,...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with over $45 billion of equity capital under management, is pleased to announce the sale of its portfolio company Digital Room, LLC ("Digital Room" or the "Company") to an...

Rockley Photonics ("the Company" or "Rockley"), a global leader in photonics-based health monitoring and communications solutions, today announced its intention not to proceed, under current circumstances, with its data-communications-related...

Pioneer Natural Resources Company ("Pioneer" or the "Company") today announced that it has completed the previously announced divestiture of its Delaware Basin assets to Continental Resources for cash proceeds of $3.1 billion after normal closing...

On December 20, 2021, BrightSpire Capital, Inc. ("BrightSpire Capital" or the "Company"), one of the largest publicly traded commercial real estate (CRE) credit REITs, closed the previously announced sale of 5 historical development and/or...

Precision BioSciences, Inc. , a clinical stage biotechnology company developing ex vivo allogeneic CAR T therapies and in vivo therapies with its ARCUS® genome editing platform, today announced that it has entered into an agreement with a syndicate...

CIM Real Estate Finance Trust, Inc. ("CMFT") announced today that it has entered into an agreement to sell all of its shopping centers to American Finance Trust, Inc. ("AFIN," NASDAQ: AFIN) for up to $1.27 billion in total cash consideration, $53.4...

Evoqua Water Technologies , an industry leader in mission-critical water treatment solutions, today announced that it has entered into a definitive agreement to acquire the assets of the renal business historically operated by Mar Cor Purification...

Pathfinder Partners, a San Diego-based private equity firm specializing in multifamily real estate investments, today announced the sale of The Harrison Apartments, a 119-unit multifamily community in Aurora, Colorado, for $29.5 million. The...

Argo Group International Holdings Ltd. , an underwriter of specialty insurance, today announced an agreement to sell its Malta business operations, ArgoGlobal Holdings (Malta) Ltd. and its subsidiaries, to Riverstone Holdings Limited (part of the...

Quad/Graphics, Inc. ("Quad" or the "Company"), today announced it has completed the sale of its former Oklahoma City, OK, and Fernley, NV, manufacturing facilities to affiliates of Industrial Realty Group, LLC, one of the country's largest owners of...

Vector Group Ltd. ("Vector Group") today announced that the registration statement on Form S-1 filed by Douglas Elliman Inc. ("Douglas Elliman") in connection with its spin-off from Vector Group has been declared effective by the U.S. Securities and...

Citi and Insigneo announced today that they have entered into a definitive agreement under which the Miami-based independent broker-dealer and Registered Investment Advisor (RIA) will acquire Citi International Financial Services, LLC (CIFS) and Citi...

Regulatory News: AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR Vifor Pharma Group today announced the divestment of its finished drug product manufacturing business to CordenPharma, a full-service Contract Development & Manufacturing Organization...

On December 15, 2021, Retail Value Inc. closed on the sale of Willowbrook Plaza (Houston, Texas) for $37.1 million in cash prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, RVI owns an interest in one...

Stratus Properties Inc. ("Stratus" or the "Company") today announced that it has completed the previously announced sale of The Santal for $152 million, or approximately $339 thousand per unit, in cash. The sale generated pre-tax net cash proceeds...

ExchangeRight has brought its sixth and final multifamily offering full cycle, generating total returns of 154.48% including return of capital to the DST and its investors. These returns represent a 14.35% annualized return on investors' capital,...

Vector Group Ltd. ("Vector Group") today announced that its board of directors (the "Board") has approved the spin-off of Douglas Elliman Inc. ("Douglas Elliman"), which is expected to be completed in late-December. Upon completion of the spin-off,...

Byline Bancorp, Inc. (the "Company" or "Byline"), the parent company of Byline Bank (the "Bank"), today announced plans to continue to optimize its branch network, dispose of a portfolio of owned real estate properties and reduce the amount of...

Community Bank, the bank subsidiary of CB Financial Services, Inc. , and Citizens Bank of West Virginia, Inc., the bank subsidiary of Citizens Financial Corp. , are pleased to announce the completion of the previously announced sale by Community Bank...

Northlane Capital Partners ("NCP") announced today that it has sold its portfolio company Discovery Data Holdings, Inc. ("Discovery") to Institutional Shareholder Services Inc. ("ISS"), a leading provider of corporate governance and responsible...

L3Harris Technologies has completed the sale of its Narda-MITEQ business to an investment affiliate of J.F. Lehman & Company. Narda-MITEQ was part of L3Harris' Aviation Systems segment and provides high performance amplifiers, integrated microwave...

On December 6, 2021, Retail Value Inc. closed on the sale of Green Ridge Square (Grand Rapids, Michigan) for $23.3 million in cash prior to closing costs, prorations and other closing adjustments. Net proceeds received at closing were approximately...

NRG Energy Inc. has closed the previously announced sale of approximately 4,850 MWs of fossil generating assets from its East and West regions to Generation Bridge, an affiliate of ArcLight Capital Partners. At Closing, NRG received $620 million of...

Watsonville Community Hospital has reached a preliminary agreement to sell its operations to a new healthcare district sponsored by the Pajaro Valley Healthcare District Project (PVHDP) to secure the hospital's future and continue its role as a...

CenterPoint Energy, Inc. today announced it is taking steps to reduce the company's midstream exposure following the completion of Enable Midstream Partners, LP's merger with Energy Transfer LP . CenterPoint's 53.7% of Enable common units converted...

Total Safety Canada announces the divestiture of its occupational hygiene branch operation in Burnaby, British Columbia to SPI Health and Safety. Total Safety Canada will continue to provide national coverage for its clients providing safety...

Mr. Cooper Group Inc. ("Mr. Cooper Group" or "the Company") announced today that it has completed the sale of its Reverse servicing portfolio, operating under the Champion Mortgage brand, to Mortgage Assets Management, LLC and its affiliates. "We're...

Tailwind Capital ("Tailwind"), a leading private equity firm focused on services investments within select end-markets, has completed the sale of Cumming Group ("Cumming") to New Mountain Capital. As part of the transaction, Tailwind will retain an...

Amphenol Corporation today announced that it has acquired Halo Technology Limited for approximately $715 million. Halo is headquartered in Tustin, California with operations in North America and Europe, and is a leading provider of active and...

Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced that its affiliate has completed the sale of AMES...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with over $45 billion of equity capital under management, is pleased to announce the sale of its portfolio company Sustana Group ("Sustana" or the "Company") to funds managed by...

Post Capital Partners today announced the sale of EC Waste, LLC, a fully integrated solid waste services provider in Puerto Rico, to 3i Group plc. The sale was completed on November 30. Financial terms were not disclosed. Post Capital partnered with...

Trinseo , a global materials company and manufacturer of plastics and latex binders, announced today the closing of the previously announced transaction to sell its synthetic rubber business based in Schkopau, Germany ("Synthetic Rubber" or the...

AECOM , the world's trusted infrastructure consulting firm, today announced the signing of a definitive agreement to sell its Oil & Gas maintenance and turnaround services business to affiliates of Graham Construction. The business being divested is...

Blackstone and Cabot Properties Inc., a leading investor, developer and operator of logistics properties throughout the United States, Europe and Australia, today announced that two vehicles affiliated with Blackstone Real Estate have acquired $2.8...

General Mills today announced that it has completed the sale of its 51 percent controlling interest in its European Yoplait operations. As part of the transaction with Sodiaal, which was initially announced on March 23, 2021, General Mills acquired...

The Kraft Heinz Company ("Kraft Heinz" or the "Company") announced today that it has completed the sale of certain assets in its global cheese business and the license of certain trademarks to an affiliate of Groupe Lactalis for total consideration...

Tredegar Corporation today reported that its approximate 18% ownership interest in kaleo, Inc ("kaléo") is expected to be sold pursuant to an agreement dated November 28, 2021, whereby Marathon Asset Management will be providing kaléo shareholders a...

L3Harris Technologies has completed the sale of its ESSCO business to Communications & Power Industries (CPI). ESSCO was part of L3Harris' Aviation Systems segment and produces radomes for military and commercial use. CPI is a global manufacturer...

Cabot Corporation announced today that the company entered into an agreement to sell its Purification Solutions business to One Equity Partners, a middle market private equity firm, in a transaction valued at $111 million, subject to certain...

Monument Re announced today that, subject to regulatory approval, it has entered into an agreement to sell Robein Leven N.V. and its subsidiary Robein Effectendienstverlening (collectively "Robein") to Chesnara plc through its existing...

Hexion Holdings Corporation ("Hexion" or the "Company") today announced that as a result of its ongoing strategic review it has entered into a definitive agreement to sell its epoxy-based Coatings and Composite businesses, which includes the epoxy...