News by subject: Divestiture

Institutional Property Advisors (IPA), a division of Marcus & Millichap , announced the sale of Camp Hill Shopping Center, a 430,198-square-foot shopping center located at 3301 Trindle Road in Camp Hill, Pennsylvania. The sales price is approximately...

Allied Esports Entertainment, Inc. (the "Company" or "AESE"), a global esports entertainment company, today announced that its virtual Special Meeting of Stockholders, scheduled for June 28, 2021, was convened and adjourned without any business...

Communications Systems, Inc. ("CSI" or the "Company") announced today that it has entered into an agreement with a group of institutional investors (the "PIPE Investors") to make a $25.0 million private placement investment in CSI in connection with...

Urstadt Biddle Properties Inc. (the "Company") , a real estate investment trust, announced today that it has completed the sale of its Newington Park Shopping Center located in Newington, NH ("Newington Park"). The purchaser is a subsidiary of...

Alcoa Corporation announced today that it has completed a sale of land in the state of Maryland for $100 million in cash. The 2,100-acre property covers more than three square miles in Frederick County, Maryland and once served as the site of the...

Institutional Property Advisors (IPA), a division of Marcus & Millichap , announced the sale of Domain Founders Parc, a 285-unit apartment property located within Founders Parc, the newest mixed-use development in Euless, Texas. "Founders Parc is a...

Institutional Property Advisors (IPA), a division of Marcus & Millichap , announced today the sale of Level at Sixteenth, a 240-unit, mid-rise apartment community in the urban core of Phoenix, Arizona. The property traded at $69.1 million, or...

Cohu, Inc. , a global leader in back-end semiconductor equipment and services, today announced that it has completed the sale of its Printed Circuit Board Test Group business to Mycronic AB (MYCR.ST). In accordance with the previously announced...

Blue Wolf Capital Partners ("Blue Wolf"), a New York-based private equity firm, today announced that it has entered into a definitive agreement to sell Novo Building Products LLC ("Novo") to Hardwoods Distribution Inc. ("HDI"), one of North...

BrightSphere Investment Group Inc. today announced that it has entered into a definitive agreement to sell its 75% ownership interest in Campbell Global, LLC, ("Campbell") to J.P. Morgan Asset Management ("J.P. Morgan"), a division of JPMorgan Chase...

Condor Hospitality Trust, Inc. , a hotel-focused real estate investment trust (REIT), today announced that its board of directors is evaluating strategic alternatives to enhance shareholder value. The Company has engaged the firm of Hodges Ward...

Lanco International, Inc., parent company of Mi-Jack Products, Inc. of Hazel Crest, Illinois, today announced the sale of its Technical Services International (TSI), Hubert Line and Hubert Rail companies to Remprex, LLC, effective as of the close of...

Allied Esports Entertainment, Inc. (the "Company" or "AESE"), a global esports entertainment company, is providing an update regarding its special stockholder meeting to be held on June 28, 2021 (the "Special Meeting") to consider and approve the...

CB Financial Services, Inc. (the "Company") , the holding company for Community Bank, announced today that it and Community Bank have entered into a Purchase and Assumption Agreement to sell two West Virginia branches. The Company and Community Bank...

OverDrive, a leading digital reading platform for libraries and schools, announced today that it is acquiring Kanopy, the leading video streaming service for public and academic libraries, from L Squared Capital Partners ("L Squared"). The...

7X Energy, Inc. ("7X"), a leading utility-scale solar developer, owner, and asset manager, announced it has sold its 130 MWac Elara Energy Project ("Elara" or "Project"), located in Frio County, Texas on over 1,700 acres, to KOMIPO America, Inc.,...

LTC Properties, Inc. , a real estate investment trust that primarily invests in seniors housing and health care properties, today announced the sale of three assisted living communities in Wisconsin that were part of LTC's Senior Lifestyle portfolio...

The Kraft Heinz Company ("Kraft Heinz" or the "Company") announced today that it has completed the sale of its nuts business to Hormel Foods Corporation in a cash transaction for $3.35 billion. The Company previously announced the signing of a...

Medalist Diversified REIT, Inc. (the "Company" or "Medalist"), is 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. On June 2, 2021, Medalist...

On June 3, 2021, Retail Value Inc. closed on the sale of Señorial Plaza (Rio Piedras, PR) for $20.4 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI....

Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced the completion of the restructuring and successful sale of Aztec Events & Tents and Shaffer Sports,...

Alpine Investors ("Alpine"), a people-driven private equity firm focused on software and services businesses, today announced that it has completed its sale of YDesign Group ("YDesign") to Design Holding S.p.A., an international operating group in...

Staple Street Capital ("Staple Street Capital" or "SSC"), a leading middle-market private equity firm with approximately $800 million of capital under management, is pleased to announce the sale of Ironline Compression's ("Ironline") aftermarket...

Walgreens Boots Alliance, Inc. today announced it has completed the sale of its Alliance Healthcare businesses to AmerisourceBergen for total consideration of approximately $6.5 billion, made up of $6.275 billion in cash (subject to a customary net...

Ingersoll Rand Inc. , a global provider of mission-critical flow creation and industrial solutions, completed the sale of its Specialty Vehicle Technologies Segment ("Club Car") to the global private equity firm Platinum Equity. Ingersoll Rand...

LivaNova PLC , a market-leading medical technology and innovation company, today announced it has successfully completed the initial closing of the divestiture of its heart valve (HV) business to Gyrus Capital (Gyrus), an investment firm dedicated to...

Accelerator Life Science Partners ("ALSP"), a leading early-stage life science accelerator and investment firm, today announced that its portfolio company, Lodo Therapeutics Corporation ("Lodo" or the "Company"), has been acquired by Zymergen Inc....

Atlas Holdings ("Atlas") announced today that it has closed the previously announced sale of portfolio company Banker Steel to DBM Global Inc. ("DBM Global"), a family of companies providing fully integrated structural and steel construction...

Sun European Partners, LLP ("Sun European Partners" or "Sun European"), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced that its affiliate has...

Silversmith Capital Partners ("Silversmith") is pleased to announce that the acquisition of Absorb Software ("Absorb," or the "Company") by Welsh, Carson, Anderson & Stowe (WCAS) has closed. The sale achieves a greater than $500 million enterprise...

Pennsylvania American Water, a subsidiary of American Water , announced today that it has completed the acquisition of the wastewater system assets of Royersford Borough, Montgomery County. The newly acquired system provides wastewater service to...

Nordson Corporation today reported results for the fiscal second quarter ended April 30, 2021. Sales were a quarterly company record of $590 million, an 11% increase compared to the prior year's second quarter sales of $529 million. Robust growth in...

AMC Entertainment, the world's largest operator of movie theatres, announced today that its heretofore largest shareholder, the Wanda Group, has sold this week most of its remaining shares in the movie theatre company. The shares were all sold...

The First Nations Limited Partnership (FNLP) representing all 16 First Nations along the Pacific Trail Pipeline to the proposed Kitimat LNG project has reacted with dismay to Woodside Petroleum's announcement that it, too, has placed its 50%...

Last row of table, second column CUSIP should read: 929768AA7 (instead of 949768AA7). The updated release reads: WELLS FARGO TO LIQUIDATE CENTRAL FIDELITY CAPITAL TRUST I AND WACHOVIA CAPITAL TRUST II RESULTING IN THE CANCELLATION OF CAPITAL...

Sila Realty Trust, Inc. (the "Company") announced today that it has entered into a purchase and sale agreement with wholly-owned subsidiaries of Mapletree Industrial Trust, a real estate investment trust listed on the Singapore Exchange ("MIT"), for...

Lightyear Capital LLC ("Lightyear"), Oak HC/FT and Greater Sum Ventures ("GSV") today announced that investment funds affiliated with Lightyear, Oak HC/FT and GSV have completed the sale of Therapy Brands to KKR. Financial terms were not disclosed....

Name Experts LLC., a boutique domain name and website brokerage firm, announces the exclusive offering of Watches.com. Watches.com is a complete turn-key Website offering an Ecommerce end-to-end shopping experience with a lucrative B-to-C model....

Ralph Lauren Corporation today announced the sale of the Club Monaco brand to leading global private equity firm Regent, L.P. The transaction is expected to close by the end of June. "For the past twenty-two years, Club Monaco has been an important...

Iron Mountain Incorporated , the global leader in innovative storage and information management services, today signed an agreement to sell its Intellectual Property Management ("IPM") business to NCC Group ("NCC"), a publicly listed software escrow...

Quality Distribution, Inc. ("Quality Distribution" or the "Company"), a privately-held global logistics and transportation provider with market-leading businesses, today announced that it has entered into a definitive agreement to sell its Quality...

Macquarie Infrastructure Corporation today announced the approval of its proposed plan of merger at a Special Meeting of Shareholders of the Company conducted on May 6, 2021. At the Special Meeting, shareholders voted overwhelmingly to approve a...

Funds advised by Honest Capital, LLC ("Honest" or "Honest Capital"), a long-term investor in high quality North American small and mid-cap equities and current stockholder of At Home Group, Inc. ("HOME" or the "Company"), today sent a letter to the...

Subsidiaries of Waypoint Residential recently sold three Waypoint-developed conventional multifamily communities to Fundrise for more than $200 million. Two of the communities are located in Florida and the third is located in Texas. Volaris...

International Flavors & Fragrances Inc. reported financial results for the first quarter ended March 31, 2021. First Quarter 2021 Consolidated Summary: Reported (GAAP)   Adjusted (Non-GAAP)1 Sales   (Loss) Income Before...

Wynn Resorts, Limited ("Wynn Resorts") and Austerlitz Acquisition Corporation I ("Austerlitz I") today announced that they have entered into a definitive agreement under which Austerlitz I will combine with Wynn Interactive Ltd. ("Wynn Interactive"...

Nautic Partners, LLC announced today that it has sold portfolio company Spartech LLC to The Jordan Company, L.P. ("TJC"). Nautic Partners will remain a minority shareholder. Headquartered in Maryland Heights, MO, Spartech is a leading custom...

BrightSphere Investment Group Inc. today announced that it has entered into a definitive agreement to sell its 75.1% ownership interest in Thompson, Siegel Walmsley LLC ("TSW") to Pendal Group Limited ("Pendal") for $240 million. As part of the...

ORIX Capital Partners (OCP), a private equity platform of ORIX Corporation USA, announced the fund it manages has sold RoadSafe Traffic Systems, Inc. (RoadSafe) to Investcorp and Trilantic North America. Headquartered in Chicago, IL, RoadSafe is the...

The ODP Corporation , a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 stores (the "Company"), announced today...