News by subject: Divestiture

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $43 billion of equity capital under management, is pleased to announce the closing of the divestiture of Lionbridge Technologies' Artificial Intelligence division...

Bunge Limited announced today the completion of the sale of its refinery located in Rotterdam to Neste Corporation (NESTE.HE). Bunge will lease back the facility from Neste in a phased transition through the end of 2024 so that it can continue to...

Cree, Inc. , the global leader in silicon carbide technology through its Wolfspeed® business, today announced that it has completed the previously announced sale of its LED Products business unit ("Cree LED") to SMART Global Holdings, Inc. effective...

L3Harris Technologies has signed definitive agreements to sell its Military Training business to CAE and its Combat Propulsion Systems and related businesses to RENK AG for a combined $1.45 billion. Each transaction is subject to customary closing...

Takeda Pharmaceutical Company Limited (TOKYO:4502) ("Takeda") today announced that it has entered into an agreement to transfer the assets, marketing rights and, eventually, marketing authorization associated with a portfolio of select non-core...

Inseego Corp. , a leader in 5G and intelligent IoT device-to-cloud solutions, today announced it has entered into a definitive agreement under which an affiliate of Convergence Partners ("Convergence"), an investment management firm focused on the...

ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil's non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of more...

Exelon Corp. today announced its Board of Directors has approved a plan to separate Exelon Utilities (RemainCo), comprised of the company's six regulated electric and gas utilities, and Exelon Generation (SpinCo), its competitive power generation...

Gibraltar Industries, Inc. , a leading manufacturer and provider of products and services for the renewable energy, conservation, residential, and infrastructure markets, today announced the completion of the sale of its Industrial business to...

Wells Fargo & Company today announced that it has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR LLC and Reverence Capital Partners, L.P. This sale includes Wells Fargo Bank N.A.'s business of acting as...

Ingersoll Rand Inc. , a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to sell a majority interest in its High Pressure Solutions (HPS) Segment to the private equity firm American Industrial...

First paragraph, second sentence of release dated February 12, 2021 should read: Forward today announced the sale of its Pool Distribution business to Ten Oaks Group for an estimated total consideration of $20 million, consisting of $8 million...

SOL Global Investments Corp. ("SOL Global" or the "Company") announces that it transferred and divested an aggregate of 16,891,749 common shares ("Common Shares") and 6,450,000 common share purchase warrants ("Warrants") of Bluma Wellness Inc....

WESCO International, Inc. today announced that it has sold its legacy WESCO Datacom business in Canada to Guillevin International, a Canadian distributor of industrial products. The transaction fulfills WESCO's commitment to divest its legacy...

The Kraft Heinz Company ("Kraft Heinz" or the "Company") announced today that it has entered into a definitive agreement to sell its nuts business to Hormel Foods Corporation in a cash transaction for $3.35 billion. The proposed transaction is...

Beacon (the "Company") announced today the successful completion of the previously announced sale of its interior products and insulation businesses ("Interior Products") to Foundation Building Materials ("FBM"), majority-owned by affiliates of...

Cambium Learning® Group ("Cambium"), a leading provider of digital education solutions and a portfolio company of Veritas Capital, today announced that it has entered into a definitive agreement to divest Rosetta Stone's Languages division to ?IXL...

Advanced Drainage Systems, Inc. ("ADS" or the "Company"), a leading provider of innovative water management solutions in the stormwater and on-site septic waste water industries, today announced that its Board of Directors has approved a quarterly...

Takeda Pharmaceutical Company Limited (TOKYO:4502/NYSE:TAK) ("Takeda") today announced financial results for the third quarter of fiscal year 2020 (period ended December 31, 2020). TAKEDA CHIEF FINANCIAL OFFICER COSTA SAROUKOS commented: "Our...

Dominion Diamond Mines ULC ("Dominion" or the "Company") announced today that it has completed the previously announced sale of the Ekati Mine and associated assets to Arctic Canadian Diamond Company Ltd. ("Arctic"), a company formed and owned by...

Today, Pacific Gas and Electric Company (PG&E) announced that it has entered into a definitive agreement with a wholly owned subsidiary of SBA Communications Corporation (SBA or SBA Communications) to sell its license agreements with wireless...

Tennant Company ("Tennant") , a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer, healthier world, today announced the Company has completed a sale of its coatings business, Tennant Coatings, to The...

Power management company Eaton Corporation plc today announced that earnings per share were $1.18 for the fourth quarter of 2020. Excluding charges of $0.06 per share related to acquisitions and divestitures and $0.04 per share related to a...

CEMEX, S.A.B. de C.V. ("CEMEX") announced today the divestment of certain assets in Southeastern France as part of its strategy to focus its portfolio development into high growth markets. CEMEX signed binding agreements to sell 24 concrete plants...

WESCO International, Inc. today announced that it has sold its legacy WESCO Utility business in Canada to Rexel Canada, a wholly owned subsidiary of France's Rexel Group. The transaction partially fulfills WESCO's commitment to divest its legacy...

Nordson Corporation today announced that it has closed the divestiture of the screws and barrels product line from its polymer processing systems (PPS) division to Altair Investments (Altair). Nordson and Altair signed a definitive agreement on...

SunOpta Inc. ("SunOpta" or the "Company") , a leading healthy food and beverage company focused on plant-based foods and beverages and fruit-based foods and beverages, today announced an additional investment in its Plant-Based Foods and Beverages...

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced that it has completed the previously announced sale of TachoSil® Fibrin Sealant Patch ("TachoSil®") to Corza Health, Inc. ("Corza") for ?350 million. TachoSil® is a...

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced the completion of its previously-announced sale of a portfolio of select products sold in Latin America to Hypera S.A. ("Hypera Pharma") for a total value of $825...

Ault Global Holdings, Inc. a diversified holding company (the "Company"), announced that as of January 27, 2021, the Company had sold 228,967 shares of common stock of Universal Security Instruments, Inc. at a weighted average price of $10 per...

Prudential plc ("Prudential" or "the Group"), the parent company of Jackson Financial Inc.¹ ("Jackson"), today announced that the Prudential Board has decided to pursue the separation of Jackson from the Group in the second quarter of 2021 through a...

American Financial Group, Inc. announced today that it has entered into a definitive agreement to sell its Annuity business to Massachusetts Mutual Life Insurance Company (MassMutual) for $3.5 billion in cash, subject to final closing adjustments to...

Westwater Resources, Inc. , a battery graphite development company, will hold a conference call to discuss its financial results for the year ended December 31, 2020, and the business outlook for the 2021 year. The conference call will be held on...

Transtar Holding Company, a portfolio of industry-leading automotive aftermarket and original equipment (OE) businesses with a focus on high-quality products and unmatched customer service, announced the sale of majority ownership to local private...

Skyward Specialty Insurance Group, Inc. ("Skyward Specialty" or the "Company"), a leader in the specialty Property and Casualty market, announced today the acquisition of Aegis Surety and the simultaneous sale of XPro (solutions for the Pest Control...

First American Financial Corporation , a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, announced today that its property and casualty insurance subsidiaries have entered into book...

Illinois Tool Works Inc. , a global multi-industrial manufacturing leader, and Amphenol Corporation , a leading global provider of high-technology interconnect, antenna and sensor solutions, today announced that they have entered into an agreement...

Beacon (the "Company") announced today that it has received early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR"), as amended, in connection with the divestiture of its Interior...

Francisco Partners, a leading global investment firm that specializes in partnering with technology and healthcare businesses, announced today the pending sale of Capsule Technologies, Inc. ("Capsule") to Royal Philips ("Philips") for $635 million in...

As demand for innovative, scalable asset performance management (APM) platforms rises, Black & Veatch has sold Atonix Digitaltm LLC, a software company focused on operational intelligence for resource intensive industries to the management team of...

Essential Utilities Inc. announced today that its Pennsylvania wastewater subsidiary has signed an asset purchase agreement with East Whiteland Township, Chester County to acquire the municipality's wastewater assets for approximately $55 million....

Trivest Partners LP ("Trivest" or "Firm"), a leading private equity firm focused on the support and growth of founder-led and family-owned businesses, today announced that Trivest Growth Investment Fund ("TGIF") has completed the sale of its...

Ness, a global provider of digital transformation solutions and portfolio company of The Rohatyn Group (TRG), announced today that it has signed an agreement to sell Linium, a ServiceNow platform focused services provider that operated as a business...

bluebird bio, Inc. announced its intent to separate its severe genetic disease and oncology businesses into differentiated and independent publicly traded companies. bluebird bio, Inc. will retain focus on severe genetic disease (SGD) and will...

Domtar Corporation today announced that it has entered into a definitive agreement to sell its Personal Care business to American Industrial Partners (AIP) for $920 million. The sale of Domtar's Personal Care business represents the culmination of...

CSafe Global ("CSafe" or the "Company"), a leading provider of cold chain shipping solutions to global pharmaceutical and life sciences companies, and portfolio Company of Thomas H. Lee Partners, L.P. ("THL"), has completed the sale of a 50% stake to...

EIG Global Energy Partners ("EIG") today announced it has signed a definitive agreement with Fluxys for the sale of EIG's approximately 27.5% stake in Transportadora Brasileira Gasoduto Bolívia-Brasil ("TBG"). TBG owns and operates the Brazilian...

Audax Private Equity ("Audax") has completed the sale of Protective Industrial Products ("PIP" or the "Company") to Odyssey Investment Partners, LLC ("Odyssey"). Headquartered in Latham, NY, Protective Industrial Products is a leading provider of...

Voya Financial, Inc. , announced today that it has completed the divestiture of substantially all of its individual life insurance and other legacy non-retirement annuities businesses. The closed blocks of business have been acquired by Resolution...

On December 31, 2020, Allscripts closed the previously announced sale of its CarePort Health business to WellSky® Corporation for $1.35 billion. CarePort solutions assist hundreds of hospitals and thousands of post-acute care providers to...