News by subject: Divestiture

MCI Group, a leading Central European private equity firm with headquarters in Warsaw (Poland), announced today that their Fund MCI.EuroVentures is selling a portion of its shares in Netrisk, the leading online insurance brokerage in Hungary, to...

CEMEX, S.A.B. de C.V. ("CEMEX") announced today that one of its subsidiaries has signed an agreement for the sale of certain assets in the United Kingdom to Breedon Group (Breedon), for a total consideration of approximately U.S.$235 million, which...

Bristol-Myers Squibb Company announced today that it has completed its previously announced divestment of its oral solid, biologics, and sterile product manufacturing and packaging facility in Anagni, Italy, to Catalent...

American Financial Group, Inc. announced that it plans to exit the Lloyd's of London insurance market in 2020. It has initiated actions to place its Lloyd's subsidiaries including its Lloyd's Managing Agency, Neon Underwriting...

Occidental Petroleum Corporation today provided an update on its execution against key strategic and financial initiatives designed to maximize shareholder value following the close of its acquisition of Anadarko Petroleum ("Anadarko") on August 8,...

Elanco Animal Health Incorporated announced today it has signed an agreement to divest Osurnia®, a treatment for otitis externa in dogs, to Dechra Pharmaceuticals PLC (LON: DPH) for $135 million in an all-cash deal. Elanco has made the independent...

Newmont (Newmont or the Company) today announced it successfully completed the sale of its 50 percent stake in Kalgoorlie Consolidated Gold Mines (KCGM) to Northern Star Resources Limited (Northern Star) receiving cash proceeds of $800 million....

Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, has agreed to sell its Gum Springs, Arkansas waste treatment facility, to Veolia ES Technical Solutions (VTS) in a transaction expected to close in the first quarter of...

3M today announced that it has completed the sale of the company's advanced-ballistic protection business to Avon Rubber p.l.c. for $91 million, before closing and other adjustments. A further contingent consideration of up to $25 million is payable...

Power management company Eaton today announced it has completed the sale of its Automotive Fluid Conveyance Division to Quantum Capital Partners. Terms of the transaction were not disclosed. The Automotive Fluid Conveyance Division manufactures...

Evoqua Water Technologies announced that the company has completed the divestiture of the Memcor® product line to Dupont Safety & Construction. Gross proceeds from the sale were approximately $110 million. "The successful closing of the Memcor...

Community Health Systems, Inc. announced today that subsidiaries of the Company have completed the sale of three Virginia hospitals ? 300-bed Southside Regional Medical Center in Petersburg, 105-bed Southampton Memorial Hospital in Franklin and...

Newell Brands Inc. announced today that it has completed the sale of The United States Playing Card Company ("USPC") to Cartamundi Group. USPC, based in Erlanger, KY is the leader in the production and distribution of premier brands of playing...

Reyes Holdings, L.L.C. has closed on the sale of Reinhart Foodservice, L.L.C. to Performance Food Group Company (PFG), headquartered in Richmond, Virginia, positioning both companies for continued success and expanded opportunities moving forward....

Audax Private Equity ("Audax"), in partnership with management, has completed the sale of CURT Group ("CURT", or the "Company") to Lippert Components, Inc. ("LCI"), a wholly-owned subsidiary of LCI Industries . Headquartered in Eau Claire, WI, CURT...

Hologic, Inc. announced today that it has completed the previously announced divestiture of its Cynosure medical aesthetics business to an affiliate of investment funds managed by Clayton, Dubilier & Rice for a total purchase price of $205 million...

Genesee & Wyoming Inc. (G&W) today announced the completion of its previously announced sale to affiliates of Brookfield Infrastructure and GIC. Under the terms of the sale, each issued and outstanding share of G&W common stock converted into the...

Elanco Animal Health Incorporated has signed an agreement to sell its Victoria, Prince Edward Island (PEI) aqua research and development facility to The Center for Aquaculture Technologies Canada, a leading aquaculture R&D and contract research...

Park Hotels & Resorts Inc. ("Park") today announced that it has closed on the sale of the 410-room Le Meridien New Orleans (the "Hotel") located in New Orleans, LA, for gross proceeds of $84.0 million, or $205,000 per key before customary closing...

Campbell Soup Company announced today that it has completed the sale of Arnott's and certain of Campbell's International operations to KKR for approximately $2.2 billion in cash, subject to customary adjustments. With this transaction, Campbell has...

Today, LEO Pharma announced the sale of 10 products to Karo Pharma AB for 90 MEUR. The divested portfolio is non-core to LEO Pharma's business, and was part of the portfolio acquired from Bayer in July 2019. "This divestment is an important step...

DPW Holdings, Inc. , a diversified holding company ("DPW" or the "Company"), announced that Ault & Company, Inc., a Delaware corporation, has agreed to acquire a 19.9% ownership interest in its common stock at a price of $1.12 per share, or $0.01...

Leading local payments platform PPRO has sold its former issuing business unit, now called Crosscard S.A., to investors, in a transaction led by existing PPRO investor HPE Growth. Crosscard issues e-money accounts with integrated prepaid credit and...

Barnes Group Inc. , a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that it has entered into a definitive agreement to sell its Seeger-Orbis ("Seeger") business to the...

Park Hotels & Resorts Inc. ("Park") today announced that it has closed on the sale of the 182-room Ace Hotel Downtown Los Angeles (the "Hotel") located in Los Angeles, CA, for gross proceeds of $117.0 million, or $643,000 per key before customary...

Voya Financial, Inc. , announced today that it has entered into a definitive agreement with Resolution Life Group Holdings (Resolution Life) whereby Voya will divest its Individual Life and other legacy non-retirement annuities businesses. The blocks...

HUTTON, a Chattanooga-based commercial real estate, development and investment company, today announced that it has closed on the sale of a high-quality, diversified single tenant retail portfolio for $34.4 million. The portfolio consisted of 19...

Regis Corporation , a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, announced today they have entered into an agreement for the sale and conversion of an additional 133...

Newmont (Newmont or the Company) has agreed to sell its 50 percent stake in Kalgoorlie Consolidated Gold Mines (KCGM) to Australia's Northern Star Resources Limited (Northern Star). Under terms of the agreement, Newmont will receive $800 million...

Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that it will permanently close its Point Comfort alumina refinery in Texas. The site's 2.3 million metric tons of annual alumina capacity has been fully...

Jason Industries, Inc. (the "Company" or "Jason Industries") announced the successful completion of the sale of its Metalex business within the Engineered Components segment to UPG LLC ("UPG") for approximately $5 million cash and assumption of...

Tenet Healthcare has entered into a definitive agreement with Methodist Le Bonheur Healthcare to divest Tenet's hospitals and other operations in the Memphis area. The agreement includes the sale of Saint Francis Hospital ? Memphis and Saint Francis...

Conductor, the leading SEO and content marketing technology company, has announced it has successfully completed a buyout of its business by existing leadership, employees and strategic outside investors. The deal will result in over 250 employee...

Basic Energy Services, Inc. ("Basic" or the "Company") today announced a plan to divest of its pumping services assets (not inclusive of coiled tubing) in multiple transactions with expected proceeds of approximately $30 to $45 million. Despite the...

Colony Capital, Inc. ("Colony" or the "Company") today announced the closing of the previously announced sale of its Light Industrial logistics assets and its affiliated industrial operating platform to Blackstone Real Estate Partners IX, an...

Independent Investment Bankers Corp. ("IIB") is pleased to announce that Michael Bennett and Leif Johnson who are FINRA licensed investment bankers with IIB and partners of Liberty Ridge Advisors have assisted their client, Teknon Corporation...

As part of Canon Inc.'s global medical business strategic realignment, the eye care business operations within Canon U.S.A. Inc. will transfer to Canon Medical Systems USA, Inc. effective January 1, 2020. Canon's shift in business operations will...

Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "company") , a leading asset-right transportation and asset-light logistics service provider, today announced the sale of its Flatbed business unit, for $30 million in cash, subject to...

Global real estate investment company Kennedy Wilson has completed the sale of two wholly owned U.K. properties, including the Fairmont St Andrews resort in Scotland and Leavesden Park, an office asset near Watford. The sales generated approximately...

Regulatory News: Verimatrix (Euronext Paris: VMX), formerly known as Inside Secure, a global provider of security and analytics solutions that protect devices, services and applications, today announced the completion of the sale of its Silicon IP...

Scott's Liquid Gold (SLGD) today announced it has entered into a definitive agreement with Elevation Labs Colorado (f/k/a Colorado Quality Products LLC), a beauty and personal care manufacturer, under which Elevation will acquire all of Scott's...

Motive Partners, a private equity firm focused on technology-enabled companies that power the financial services industry, and Fiserv, Inc. , a leading global provider of payments and financial services technology solutions, have entered into a...

HomeStreet, Inc. (the "Company" or "HomeStreet"), the parent company of HomeStreet Bank ("HomeStreet Bank"), announced today that HomeStreet Bank has sold all of its ownership interest in WMS Series LLC, d/b/a Penrith Home Loans ("Penrith"). Penrith...

Regis Corporation , a leader in the haircare industry, whose primary business is franchising, owning, and operating hair salons, today announced the sale of 121 salons to the Yellowhammer Salon Group. Browning Thornton, CEO of the newly formed...

Pitney Bowes , a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, and financial services, today announced that the previously disclosed sale of its Software Solutions Business to Syncsort for...

Intel Corporation today announced it has completed the sale of the majority of its smartphone modem business to Apple. This transaction, valued at $1 billion, was announced on July 25, 2019. As previously disclosed, this transaction enables Intel to...

Newmont (Newmont or the Company) today announced it has entered into a contractual arrangement to support Zijin Mining Group's bid to acquire Continental Gold Inc. (Continental) by selling its 19.9 percent equity stake and its convertible bond for...

Jefferies Financial Group Inc. today announced that on Friday, November 29, it closed the previously announced sale of its remaining 31% holdings in National Beef to Marfrig and other shareholders. Jefferies received a total of approximately $970...

Norwest Equity Partners (NEP), a leading middle market investment firm founded in 1961, has divested its investment interest in Christy Sports to TZP Group. Christy Sports (or the "Company") is one of the largest snow sports and outdoor furniture...

LICT Corporation ("LICT" or the "Company"; OTC Pink®: LICT) is announcing the signing of a definitive agreement to sell its minority interest in the MODOC RSA Limited Partnership ("Modoc"), to Verizon Wireless. Modoc is a partnership which is...