News by subject: Divestiture

Quorum Health Corporation today announced that it has completed the sale of the 106-bed Watsonville Community Hospital in Watsonville, California to Halsen Healthcare. Total cash proceeds from the transaction were approximately $39 million and...

NGL Energy Partners LP ("NGL" or the "Partnership") today announced it has closed the previously announced transaction to sell TransMontaigne Product Services, LLC ("TPSL") and its associated assets for $275.5 million in proceeds at closing,...

Ampco-Pittsburgh Corporation today announced the completion of the sale of its Canadian specialty steel subsidiary, ASW Steel Inc. ("ASW"), to Valbruna Canada Ltd., a subsidiary of Acciaierie Valbruna S.p.A., of Vicenza, Italy ("Valbruna"). With...

Community Health Systems, Inc. announced today that subsidiaries of the Company have completed the divestiture of 92-bed Bluefield Regional Medical Center in Bluefield, West Virginia, and its associated ancillary healthcare operations to...

ConocoPhillips today completed its previously announced transaction to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together, the subsidiaries...

Piper Jaffray Companies a leading investment bank and institutional securities firm, announced today it has completed its sale of the remaining business of Advisory Research, Inc., resulting in the firm exiting its traditional asset management...

Columbia Property Trust, Inc. announced today that it has completed the sale of Lindbergh Center, a 1.1-million-square-foot, mixed-use property in Atlanta, for a gross sales price of $187 million. Columbia acquired the twin 14-story office...

Pebblebrook Hotel Trust (the "Company") today announced that it closed on the sale of the 82-room Hotel Madera in Washington, D.C. for $23.3 million to a third party. The sale price of $23.3 million reflects a 14.3x EBITDA multiple and a 5.7% net...

ExxonMobil signed an agreement today with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion in non-strategic assets by 2021. "Our...

EnPro Industries, Inc. has announced the sale of its business located in Rome, Georgia, which was part of the company's STEMCO heavy-duty truck business unit. The business manufactures new bare steel brake shoes, lined brake shoes and wheel kits,...

Campbell Soup Company announced today that it has completed the sale of Kelsen Group to a Ferrero affiliated company for a purchase price of $300 million, subject to customary adjustments. Campbell will use the proceeds from the divestiture to...

Piper Jaffray Companies a leading investment bank and institutional securities firm, announced today it has completed its sale of the midstream energy asset management (MLP) business of Advisory Research Inc. to Tortoise Capital Advisors....

Spirit Realty Capital, Inc. ("Spirit"), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today commented on the announcement by Spirit MTA REIT ("SMTA"), externally managed by a...

Western Digital Corp. today announced that it has entered into a definitive agreement to sell its IntelliFlashtm business to DDN, a global leader in artificial intelligence (AI) and multi-cloud data management. In addition, Western Digital and DDN...

Chesapeake Lodging Trust (the "Trust") announced today that it has closed on the sale of the 122-room Hyatt Herald Square New York and the 185-room Hyatt Place New York Midtown South, both located in New York, New York, for an aggregate sale price...

Norwest Equity Partners (NEP), a leading middle market investment firm founded in 1961, has completed the sale of its investment interest in GoHealth (or the "Company"), the nation's most complete online and telephonic portal for the health insurance...

Pebblebrook Hotel Trust (the "Company") today announced that it closed on the sale of the 137-room Rouge Hotel in Washington, D.C. for $42.0 million to a third party. The sale price of $42.0 million reflects a 17.4x EBITDA multiple and a 5.0% net...

Armanino Foods of Distinction, Inc. announced today that its board of directors has declared its regular quarterly cash dividend of $0.025 per share payable to shareholders of record on October 1, 2019. The dividend will be disbursed on or about...

Aviation Capital Group LLC (ACG) announced today that its majority shareholder, Pacific Life Insurance Company, has entered into an agreement where Tokyo Century Corporation will acquire from Pacific Life all of its outstanding interest in ACG. Tokyo...

Pacific Life Insurance Company today announced that it has signed an agreement to sell all of its majority ownership in Aviation Capital Group (ACG), its commercial aircraft leasing subsidiary, to Tokyo Century Corporation. In 2017, Tokyo Century...

Quad/Graphics, Inc. ("Quad" or the "Company") announced today that it has sold its heavy-duty industrial wood crating business Transpak to FCA Packaging, a nationwide leader in the custom industrial packaging solutions space. Transpak operates a...

Spirit Realty Capital, Inc. ("Spirit"), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today commented on the announcement by Spirit MTA REIT ("SMTA"), externally managed by a...

Spirit MTA REIT ("SMTA" or the "Company") announced today the results from the Company's Special Meeting of Shareholders. Shareholders approved the previously-announced sale of substantially all of the assets of the Company, and three travel...

Limoneira Company (the "Company" or "Limoneira") , a diversified citrus packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced the sale of its multi-use facility consisting...

TA Realty LLC, a leading provider of real estate investment management services to institutional and private investors, today announced that it sold an 8.3 million-square-foot, 96-property logistics portfolio for $1.04 billion in two separate...

Concho Resources Inc. ("Concho" or the "Company") today announced that it has entered into a definitive agreement to sell its assets in the New Mexico Shelf (the "Shelf") to an affiliate of Spur Energy Partners LLC for $925 million. In addition,...

RAIT Financial Trust ("RAIT") today announced that it has into entered into an Equity and Asset Purchase Agreement (the "Purchase Agreement") to sell substantially all of its assets to an entity owned by funds managed by affiliates of Fortress...

Community Health Systems, Inc. announced today that affiliates of the Company have completed the divestitures of 193-bed Heart of Florida Regional Medical Center in Davenport, Fla., and 160-bed Lake Wales Medical Center in Lake Wales, Fla., along...

Command Center, Inc. , a national provider of on-demand and temporary staffing solutions, today announced that it has agreed to sell its four California locations to Resolute Enterprises, LLC for $1.8 million. Command Center is providing seller...

Jason Industries, Inc. (the "Company" or "Jason Industries") announced today the successful completion of its previously announced sale of its Fiber Solutions segment to Motus Integrated Technologies for approximately $85 million. The sale price...

Quorum Health Corporation today announced that the Pajaro Valley Health Trust has agreed to release the sale of the 106-bed Watsonville Community Hospital in Watsonville, California. The Company will now proceed with the previously announced sale of...

The Walt Disney Company ("Disney") today announced that it has sold its equity interest in the YES Network ("YES") to a newly formed investor group that includes Yankee Global Enterprises (the "Yankees") and Sinclair Broadcast Group ("Sinclair"),...

Coty and Younique today announced a mutual decision to terminate their partnership. Given the different nature of the companies' business models and the need for a strong and specific focus to successfully improve fundamentals, Coty and Younique...

Liberty Global notes the recent statements by Freenet AG and Sunrise Communications with respect to the proposed acquisition of Liberty's Swiss operation by Sunrise, announced on February 27, 2019. Liberty Global is fully committed to completing...

Kaman Corp. announced today that it has completed the sale of its Distribution segment to affiliates of Littlejohn & Co. for total cash consideration of $700 million, excluding certain working capital adjustments. Kaman is a premier designer and...

Pitney Bowes Inc. , a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, data, and financial services, today announced that it has entered into a definitive agreement to sell its Software...

Bristol-Myers Squibb Company announced today that Celgene Corporation , in connection with its merger agreement with Bristol-Myers Squibb, has entered into an agreement with Amgen under which Amgen would acquire the global rights to OTEZLA®...

Arlington Capital Partners ("Arlington Capital"), a Washington, DC-based private equity firm, announced today that Ontario Systems ("Ontario" or the "Company") has executed a definitive agreement to be acquired by New Mountain Capital. Ontario...

ScanSource, Inc. , a leading provider of technology products and solutions, today announced financial results for the fourth quarter and fiscal year ended June 30, 2019.     Quarter ended June 30,   Fiscal year ended June 30,...

ScanSource, Inc. today announced that it initiated plans to sell certain businesses outside of the United States, Canada and Brazil (the "Planned Divestitures"). ScanSource will continue to operate and invest in its digital distribution business in...

The Estée Lauder Companies Inc. will pay a quarterly dividend of $.43 per share on the Company's Class A and Class B Common Stock on September 16, 2019 to stockholders of record at the close of business on August 30, 2019. The Estée Lauder...

Diamond S Shipping Inc. (the "Company") announced today that it has agreed to sell two of its 2008-built medium-range product carriers, the Atlantic Aquarius and Atlantic Leo, as part of its fleet renewal initiatives. The vessels are expected to be...

Dow announced today that it has reached an agreement for the divestiture of its Acetone Derivatives business to ALTIVIA Ketones & Additives, LLC, an affiliate of ALTIVIA, a privately held producer of chemicals headquartered in Houston, Texas....

SpartanNash Company ("SpartanNash" or the "Company") today announced that its Board of Directors has appointed the Company's Chairman, Dennis Eidson, to the additional roles of Interim President and CEO, effective immediately. Mr. Eidson will serve...

Jason Industries, Inc. ("Jason" or the "Company") today announced several significant developments and its second quarter results. Sale of Fiber Solutions Segment The Company announced the signing of a definitive agreement to sell its Fiber...

RELIEF THERAPEUTICS Holding SA (SIX-RLF, "Relief" or the "Company") announces today that it has executed a binding Share Exchange Agreement (the "Agreement") with Sonnet BioTherapeutics, Inc. ("Sonnet"). Sonnet is a privately held, oncology-focused...

On August 9, 2019, Retail Value Inc. closed on the sale of West Allis Center (West Allis, WI) for $18.1 million. Net proceeds were used to repay mortgage debt associated with RVI. Subsequent to the transaction, RVI owns interests in 17 properties...

Symantec Corp. , the world's leading cyber security company, today announced it has entered into a definitive agreement to sell its Enterprise Security assets, which include the Symantec name, to Broadcom Inc. , for $10.7 billion in cash. The...

NGL Energy Partners LP ("NGL," "our," or the "Partnership") today announced that it has signed a definitive agreement to sell TransMontaigne Product Services, LLC ("TPSL") and associated assets to a strategic buyer with substantial assets for...

On August 7, 2019, Retail Value Inc. closed on the sale of Harbison Court (Columbia, SC) for $36.5 million. Net proceeds were used to repay mortgage debt associated with RVI. Subsequent to the transaction, RVI owns interests in 18 properties...