News by subject: Divestiture

Office Properties Income Trust today announced that it has sold an 83,130 square foot property located at 3920 Pender Drive, Fairfax, VA for $22.2 million, including the repayment of $13.2 million of mortgage debt with an annual interest rate of...

GE announced that, together with Danaher Corporation ("Danaher"), it has entered into a consent decree agreement with the U.S. Federal Trade Commission (the "FTC") in connection with GE's definitive agreement to sell its BioPharma business to...

FORMA Therapeutics, Inc. ("FORMA"), a clinical-stage biopharmaceutical company focused on rare hematologic diseases and cancers, today announced that it has sold select hit discovery capabilities and related assets to a biotech startup ("NewCo") that...

Equity Commonwealth announced it completed the sale of Tower 333, a 435,000 square foot, Class A office property in Bellevue, WA, for a gross sale price of $401.5 million. Proceeds after credits, primarily for contractual lease costs, and transfer...

Scott's Liquid Gold-Inc. today announced the closing of the previously announced sale of its manufacturing operation to an affiliate of Elevation Labs, a beauty and personal care manufacturer. Elevation assumed Scott's remaining facilities &...

DXC Technology today announced the agreement to sell its U.S. State and Local Health and Human Services Business to Veritas Capital for $5.0 Billion. The after-tax proceeds from the transaction will be used to pay down debt, consistent with DXC's...

DXC Technology today announced that it has entered into a definitive agreement to sell its U.S. State and Local Health and Human Services (State & Local HHS) business to Veritas Capital, the leading investor in government and healthcare technology...

Serent Capital, a San Francisco and Austin based private equity firm focused on investing in high-growth technology and services businesses, announced that its portfolio company Docutech, a leading provider of document, eClose and fulfillment...

Tri Global Energy, a leading developer of renewable energy, today announced an agreement to sell the 180-megawatt Flatland Solar project to Silverpeak, an alternative investment firm focused on real estate, energy and credit. Tri Global Energy will...

Invacare Corporation ("Invacare"), today announced that the company has completed the sale of its Dynamic Controls subsidiary to Allied Motion Technologies, Inc. ("Allied Motion"), of Amherst, New York. As part of the company's strategy to enhance...

Pebblebrook Hotel Trust (the "Company") today announced that it closed on the sale of the 422-room InterContinental Buckhead Atlanta in Atlanta, Georgia and the 237-room Sofitel Washington DC Lafayette Square in Washington, D.C. for $331.0 million...

CEMEX, S.A.B. de C.V. ("CEMEX") announced today that its U.S. affiliate, Kosmos Cement Company ("Kosmos"), a partnership with a subsidiary of BUZZI UNICEM S.p.A. in which CEMEX holds a 75% interest, has closed its previously announced divestment of...

Newmont Corporation (Newmont or the Company) today announced it successfully completed the sale of its 19.9 percent equity stake and convertible bond in Continental Gold Inc. (Continental) for $260 million in cash. The sale was part of a contractual...

Griffin Capital Essential Asset REIT, Inc. (the "REIT") announced its results for the quarter and year ended December 31, 2019. The REIT reported cumulative leases signed in 2019 of 1.8 million square feet. In addition, as a result of becoming an...

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, AAA Box Co., Inc. to Continental Western Corporation. The acquisition closed February 4, 2020 and details...

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced the completion of its previously-announced sale of a portfolio of select products to STADA Arzneimittel AG ("STADA") for a total value of $660 million USD. The...

Graycliff Partners LP today announced the sale of NAL Group, a leading provider of last mile logistics and on-premise installation services, to CRST International, Inc. NAL Group primarily serves large ecommerce and omnichannel retailers, providing a...

Praesidian Capital Europe ("Praesidian"), a leading provider of growth capital in the United Kingdom, Germany and Northern Europe, announced today it has successfully exited its investment in PlanetHome Group ("PlanetHome"), a Munich Headquartered...

Quorum Health Corporation today announced that it has entered into a definitive agreement with Braden Health to divest the 45-bed Henderson County Community Hospital in Lexington, Tennessee. The transaction is expected to be complete by the end of...

Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "company") , a leading asset-right transportation and asset-light logistics service provider, today announced it has closed on the previously announced sale of its Prime Distribution...

Nexstar Media Group, Inc. (the "Company" or "Nexstar") announced today that it completed the previously announced purchase and sale agreements with Fox Television Stations, LLC, a subsidiary of Fox Corporation ("FOX"), whereby Nexstar purchased the...

Stephens Insurance, LLC ("Stephens Insurance"), an affiliate of independent financial services firm Stephens Inc., today announced it has entered into an agreement to divest a substantial portion of its Personal Lines business to Davis & Haynes...

Power management company Eaton today announced it has completed the sale of its Lighting business to Signify N.V. The Lighting business, which had sales of $1.7 billion in 2019, is one of the world's leading providers of LED lighting and control...

LEO Pharma today announced that the divestment of its emollients and proctology portfolio to Karo Pharma for 90 MEUR has been completed. The initial agreement with Karo Pharma was announced on December 23, 2019 and approved by relevant competition...

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced the completion of its previously-announced sale of a portfolio of select over-the-counter and prescription pharmaceutical assets in a number of Near East, Middle...

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 products exclusively in Latin America to Hypera S.A. ("Hypera Pharma"), Brazil's...

Taubman Centers, Inc. today announced the completion of the sale of 50 percent of Taubman Asia's interest in CityOn.Xi'an (Xi'an, China) to real estate funds managed by Blackstone Group Inc. (Blackstone) for $91 million. Net proceeds to Taubman...

Due to structural changes DSB is investigating the market with a view to divesting the activities at the workshops which deliver and maintain spare parts for the trains. Until 2030, Fremtidens Tog (Future Trains) will gradually replace the train...

On February 26, 2020, Retail Value Inc. closed on the sale of Tucson Spectrum (Tucson, AZ) for $84.0 million. Net proceeds equal to 105% of the property's allocated loan amount were used to repay mortgage debt associated with RVI with the remaining...

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Cy-Fair Music & Arts, Inc. to a private investor. The acquisition closed January 16, 2020 and details were...

Arconic Inc. announced today that John C. Plant has agreed to a new three-year employment agreement to lead Howmet Aerospace through March 2023 as co-Chief Executive Officer, effective with the expected separation of Arconic Inc. on April 1, 2020....

Hexion Inc. ("Hexion" or the "Company") today announced that it has entered into a definitive agreement to sell its manufacturing site in Yumbo, Colombia to a joint venture led by Master Paints & Chemical Corporation. The Yumbo site produces...

Elavon, global merchant acquirer and subsidiary of U.S. Bancorp , announced today that it has signed a purchase agreement to sell its Mexico-based operations to Santander. "We are always looking at ways to optimize our existing operations to create...

Washington Prime Group Inc. today announced that it has executed a letter of intent with Spirit Realty Capital, Inc. (SRC) for the sale of the fee interest or leasehold interest in eight outparcels for a combined purchase price of approximately...

CDK Global, Inc. (the "Company" or "CDK") today announced it has signed a definitive agreement to sell the Company's Digital Marketing Business to Ansira Partners, Inc. ("Ansira"), a subsidiary of Advent International ("Advent"), one of the largest...

Global real estate investment company Kennedy Wilson has completed the sale of Pioneer Point, a wholly owned 294-unit multifamily community with 35,000 square feet of fully leased commercial space, for $130 million to RealStar, a real estate...

PennyMac Financial Services, Inc. announced that BlackRock, Inc. ("BlackRock") has contributed its remaining 20% ownership stake in PFSI to two charitable entities, the BlackRock Charitable Fund and The BlackRock Foundation. Subsequently, the...

Elanco Animal Health Incorporated announced today it has signed an agreement to divest the European Economic Area and UK rights to the Drontal® and Profender® product families from Bayer AG's (ETR: BAYN) animal health business, to Vetoquinol SA...

Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised partners Bill Barnes and Paul Ritchie on their recent sale of Altoona Honda to Timbrook Automotive. The partners will continue to own and...

Grey Mountain Partners ("Grey Mountain") has sold Kronos Foods ("Kronos" or the "Company") to Entrepreneurial Equity Partners ("e2p"). Grey Mountain partnered with the Company in September 2016 with the goal of developing and expanding its...

Carnegie Learning, a dynamic, progressive learning technology company, announced today that it has reached an agreement to sell Paradigm Education Solutions, a post-secondary provider of print and digital learning solutions, to Kendall Hunt...

Four years after developing a state-of-the-art charter school facility, the Turner-Agassi Charter School Facilities Fund has sold Franklin Academy's Pembroke Pines campus back to the school operator. The sale gives Franklin Academy full ownership...

Riddell, the leader in football helmet technology, today announced the divestiture and sale of certain assets associated with Kollege Town Sports, a division of the company's apparel business, to BSN SPORTS. Kollege Town is a team sports and...

McKesson Corporation today announced the commencement of an exchange offer for the split-off of its wholly-owned subsidiary, PF2 SpinCo, Inc. ("SpinCo"), which will hold all of McKesson's interest in Change Healthcare LLC ("Change Healthcare"), as...

Arconic Inc. ("Arconic") announced today that Arconic Rolled Products Corporation (the "Issuer"), which is currently a wholly-owned subsidiary of Arconic, closed its offering of $600,000,000 aggregate principal amount of 6.125% second-lien notes due...

Argo Group International Holdings, Ltd. ("Argo" or the "Company"), an international underwriter of specialty insurance and reinsurance products, today announced an agreement to sell its Trident Public Risk Solutions brand and underwriting platform...

Barnes Group Inc. , a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced it has completed the divestiture of its Seeger-Orbis ("Seeger") business to the Kajo Neukirchen...

Belden Inc. , a leading global supplier of specialty networking solutions, today announced the signing of a definitive agreement to sell the Company's Live Media business ("Grass Valley") to Black Dragon Capital, a private equity firm with a focus on...

Power management company Eaton Corporation plc today announced that earnings per share were $1.09 for the fourth quarter of 2019. Excluding charges of $0.28 per share for acquisition and divestiture transaction and integration costs, and $0.09 per...

Takeda Pharmaceutical Company Limited (TOKYO:4502): Underlying Revenue declined -1.2% vs FY2018 Q3 YTD pro-forma2, expected to recover in Q4 resulting in flat to slightly increasing for the full year Takeda's 14 global brands, with reported...