News by subject: Divestiture

Fluor Corporation announced today that the company has sold substantially all of the assets of AMECO Caribbean, Inc. to Stewart's Automotive Group in Jamaica. The new company will operate as JAMECO Equipment Company Limited. Fluor announced plans...

Macquarie Infrastructure and Real Assets ("MIRA"), via Macquarie Infrastructure Partners II ("MIP II"), today announced that an agreement has been reached to sell WCA Waste Corporation ("WCA") to GFL Environmental, Inc. ("GFL"), a leading North...

Jackson National Life Insurance Company® (Jackson®) today announced its half-year financial results, generating $1.3 billion in IFRS pre-tax operating income2 during the first half of 2020. Jackson also reported $9.8 billion in sales and deposits....

Forbion, a leading European life sciences venture capital firm, today announces that Bayer, a global leader in women's healthcare, will acquire the UK-based biotech KaNDy Therapeutics Ltd. to expand its drug development pipeline in women's...

ScanSource, Inc. today announced that it has agreed to sell its products businesses in Mexico, Colombia, Chile, and Peru and its Miami-based export operations (the "Latin America business outside of Brazil") to Intcomex. This action is part of...

Piper Sandler &Co., a leading investment bank and institutional securities firm, served as financial advisor to Momentive Performance Materials Inc. (Momentive) in the sale of its consumer sealants business to Henkel Corporation. The deal, which...

WESCO International, Inc. today announced that it has reached a Consent Agreement with the Competition Bureau of Canada ("Bureau") regarding its merger with Anixter International. As previously announced, the closing of the merger transaction with...

Brown-Forman Corporation announced today that it completed the sale of the Early Times, Canadian Mist, and Collingwood brands, and the Canadian Mist production assets on July 31. The purchase price was not disclosed. For 150 years, Brown-Forman...

Takeda Pharmaceutical Company Limited (TOKYO:4502/NYSE:TAK) ("Takeda") today announced financial results for the first quarter of fiscal year 2020 (quarter ended June 30, 2020). Based on the first quarter performance, the company confirms management...

Regulatory News: Eutelsat Communications (Paris:ETL) (Euronext Paris: ETL) has reached an agreement with Bigblu Broadband to acquire its European satellite broadband activities. Bigblu Broadband is the largest distributor of satellite broadband...

World Fuel Services Corporation today announced that it has signed a definitive agreement to sell its Multi Service payment solutions business to Corsair Capital, a New York based private equity firm specializing in business and financial services....

B&G Foods, Inc. today announced financial results for the second quarter and first two quarters of 2020 and provided an update as to how the COVID-19 pandemic is impacting the Company. Second Quarter 2020 Financial Summary (vs. Second Quarter 2019...

Teva Pharmaceutical Industries Ltd. , who holds (through its Japanese affiliates) with Takeda a joint business venture (the "BV") in the Japanese market, announced today a new strategy for its local commercial operations. Nearly five years since its...

Pebblebrook Hotel Trust (the "Company") today announced that it closed on the sale of the 125-room Union Station Hotel Nashville, Autograph Collection in Nashville, TN for $56.0 million to a third party on July 29, 2020. Proceeds from the sale of...

According to finance executives at Saitama Rakuten International, Walmart Inc. has invited suitors to submit second-round bids for its U.K. grocery unit Asda by early September, as it pushes ahead with its resurrected sale of the business. "Private...

Power management company Eaton Corporation plc today announced that earnings per share were $0.13 for the second quarter of 2020. Excluding charges of $0.20 per share related to acquisitions and divestitures and $0.37 per share related to a...

Altice USA today announces it has agreed to sell 49.99% of its Lightpath fiber enterprise business to Morgan Stanley Infrastructure Partners (MSIP) for an implied enterprise value of $3.2 billion. This represents a multiple of 14.6x FY 2019 Adjusted...

Analog Devices, Inc. (ADI) today announced that it has acquired the High Definition Multimedia Interface (HDMI) business of INVECAS, a Santa Clara based company specializing in embedded software and system level solutions. This addition will provide...

BrightSphere Investment Group Inc. today announced that it has entered into definitive agreements to sell its interests in affiliates Barrow, Hanley, Mewhinney & Strauss, LLC ("Barrow Hanley") and Copper Rock Capital Partners, LLC ("Copper Rock")....

Sierra Wireless (the "Company"), the leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy, today announced a definitive agreement to divest its Shenzhen, China-based automotive...

Cushman & Wakefield recently represented RPG, formerly RAF Pacific Group, in the disposition of two newly developed, fully leased Class A industrial properties in Carlsbad (San Diego), California for a combined value of nearly $85 million. The...

DebtX, the largest secondary marketplace for loans, today announced it is offering a $366 million portfolio of real estate assets in Colombia. The portfolio consists of just over 5,000 properties, primarily residential and land assets. The...

Montage Resources Corporation (the "Company" or "Montage Resources") today announced that it has entered into a non-binding letter of intent (the "Letter of Intent") with an international third-party ("Third-Party") to sell its non-core wellhead...

Sparton Corporation ("Sparton" or "the Company"), a leading provider of engineered products for the defense industry, today announced that it has completed the previously announced sale of its contract manufacturing unit, Manufacturing & Design...

Francisco Partners, a leading technology-focused global private equity firm, announced today that it has completed the sale of Metaswitch Networks Limited ("Metaswitch") to Microsoft . Francisco Partners acquired a controlling interest in Metaswitch...

Belden Inc. , a leading global supplier of specialty networking solutions, today announced the completion of the previously announced divestiture of the Company's Live Media business ("Grass Valley") to Black Dragon Capital, a private equity firm led...

Nautilus, Inc. , the innovation leader in home fitness for over 30 years, announced its plan to pursue efforts to find a potential buyer for Octane Fitness to focus solely on growing, investing, and innovating in the home fitness equipment market....

Eldorado Resorts, Inc. ("Eldorado," "ERI," or "the Company") announced today that it completed its previously announced transaction to divest Isle of Capri Casino Kansas City and Lady Luck Casino Vicksburg to Twin River Worldwide Holdings, Inc. for...

Quad/Graphics, Inc. ("Quad" or the "Company") today announced it continues to execute on its transformation strategy, while managing through the COVID-19 pandemic, by further aligning its business portfolio, strengthening its product and service...

ABB today reached a significant milestone in the company's transformation towards a decentralized global technology company, with the completion of the divestment of 80.1 percent of its Power Grids business to Hitachi, as planned. The divestment...

On June 30, 2020, Retail Value Inc. closed on the sale of Big Oaks Crossing (Tupelo, MS) for $21.0 million. Ninety percent (90%) of net proceeds were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash....

SL Green Realty Corp. , Manhattan's largest office landlord, together with its joint venture partner, today announced that it has entered into a contract to sell 400 East 58th Street, a 126-unit residential building in the Sutton Place neighborhood...

Fluor Corporation announced today that Stork, part of Fluor's Diversified Services segment, has come to an agreement with VE Partners to sell EQIN, Stork's professional equipment rental business in Europe. This intended divesture is pending final...

Community Health Systems, Inc. announced today that an affiliate of the Company has signed a definitive agreement to sell 480-bed Bayfront Health St. Petersburg in St. Petersburg, Florida, and its associated assets to a subsidiary of Orlando Health....

Catalio Capital Management, LP ("Catalio") announced today the completion of its spin out from Camden Partners Holdings, LLC ("Camden"). Established as part of Camden in 2016, Catalio (formerly known as Nexus) is now an independent firm focused on...

Waste Management, Inc. and Advanced Disposal Services, Inc. announced today that they have amended the terms of the definitive agreement under which a subsidiary of Waste Management will acquire all outstanding shares of Advanced Disposal for...

Sensient Technologies Corporation announced today that it has entered into a definitive agreement to sell certain assets related to the production of its yogurt fruit preparations product line to Frulact. As a result of this transaction, Sensient...

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PotlatchDeltic Corporation today announced an agreement to sell approximately 72,000 acres in Minnesota to The Conservation Fund for approximately $48 million in cash. The transaction is subject to customary closing conditions and is expected to...

Financial Guaranty Insurance Company ("FGIC") today announced that it has sold its subsidiary, FGIC UK Limited. About FGIC FGIC is a New York stock insurance corporation and a wholly owned subsidiary of FGIC Corporation. FGIC emerged from...

Owens & Minor, Inc. today announced the completion of the sale of its European logistics business, Movianto, to EHDH Holding Group, one of Europe's leading providers of healthcare logistics. "Today's divestiture enables Owens & Minor to...

Atlas Financial Holdings, Inc. ("Atlas" or the "Company") today announced that the previously disclosed sale of the stock, charter and state licenses of Atlas' indirect subsidiary Gateway Insurance Company ("Gateway") to Buckle, a technology-driven...

Eldorado Resorts, Inc. ("Eldorado," "ERI," or "the Company") announced today it has signed a letter of intent to enter into a $400 million mortgage with VICI Properties Inc. ("VICI") that is secured by the recently opened Caesars Forum Convention...

Spaceflight Industries, Inc. today announced the finalization of the sale of its rideshare business, Spaceflight, Inc., to Mitsui & Co., Ltd., in partnership with Yamasa Co., Ltd. following the completion of the review process by the Committee on...

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced that it has entered into an agreement to divest a portfolio of select non-core over-the-counter and prescription pharmaceutical products sold exclusively in Asia...

MV Group USA closed on June 4, 2020 for the sale in the amount of $3,100,000 of 3,850 SF AT&T & Dunkin Donuts located at 9900 Bird Road & 9901 SW 40 terrace (which is located on the corner of 99 Avenue & Bird Road). MV Group USA assembled two...

June 9, 2020 ? New Gold Inc. ("New Gold" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Agreement") with Artemis Gold Inc. ("Artemis") to divest its Blackwater Project ("Blackwater") located in British...

MEDNAX, Inc. , a leading health solutions partner specializing in prenatal, neonatal, pediatric, and radiology services, today announced a number of further steps it is taking as part of its aggressive transformational activity to position the...

Black Stone Minerals, L.P. ("Black Stone," "BSM," or "the Company") today announced it has entered into two separate agreements to sell certain mineral and royalty properties in the Permian Basin for gross proceeds totaling approximately $155...

The Carlyle Group and T&D Holdings (TYO: 8795) announced today that they have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from American International Group, Inc. . The...