News by subject: Divestiture

3M today announced that it has entered into an agreement with Avon Rubber p.l.c. to purchase 3M's advanced ballistic-protection business for $91 million, subject to closing and other adjustments. A further contingent consideration of up to $25...

CIM Group announced today the sale of Hollywood & Highland, the approximately 460,000-square-foot retail and entertainment center in the heart of Hollywood's tourism and business district. The sale does not include the iconic Dolby Theatre at...

Arconic Inc. today reported second quarter 2019 results, for which the Company reported revenues of $3.7 billion, up 3% year over year. Organic revenue1 was up 10% year over year on strong volumes across all segments and all key markets, as well as...

Community Health Systems, Inc. announced today that subsidiaries of the Company have completed the divestiture of 245-bed Tennova Healthcare - Lebanon in Lebanon, Tennessee, and its associated assets to subsidiaries of Vanderbilt University Medical...

3M announced today that it has completed the sale of its gas and flame detection business to Teledyne Technologies Incorporated, a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense...

UPC Holding (together with its subsidiaries and their related businesses, the "UPC Group"), today announces that following regulatory approval, its parent, Liberty Global plc ("Liberty Global"), has completed the sale of UPC Group's operations in...

Liberty Global plc ("Liberty Global") today announced that it has completed the sale of its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone Group plc ("Vodafone") for approximately ?19.0 billion ($21.3 billion)1 on a U.S....

Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced the completion of a transaction with private equity investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, for that firm to acquire...

Nutrien Ltd. (Nutrien) announced today that its Board of Directors has declared a quarterly dividend of US$0.45 per share payable October 17, 2019 to shareholders of record on September 30, 2019. Registered shareholders who are residents of Canada...

NuStar Energy L.P. announced today that it has closed on the sale of its oil storage terminal on the island of St. Eustatius in the Caribbean, as well as related assets, to Prostar Capital for $250 million, plus normal closing adjustments. The...

Berry Global Group, Inc. , today announced it had completed the sale of its Seal for Life ("SFL") business to Arsenal Capital Partners for approximately $330 million. The SFL business has annual sales of approximately $120 million. According to Tom...

Chesapeake Lodging Trust (the "Trust") announced today that it has entered into an agreement to sell 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...

Sofinnova Partners, a leading European venture capital firm specialized in the life sciences, today announced that Zambon is acquiring its portfolio company Breath Therapeutics, which specializes in advanced and first-in-class inhalation therapies...

One Peak Partners, a leading European growth equity investor, today announced that it has entered into a definitive agreement to sell its interest in HighQ Holdings Limited ("HighQ"), a leader in Software as a Service collaboration, workflow...

Tenet Healthcare Corporation today announced its intention to pursue a tax-free spin-off of its Conifer business as a separate, independent publicly traded company. The company expects to complete the spin-off by the end of the second quarter of...

Please replace the photo with the accompanying corrected photo. The release reads: KBS ANNOUNCES THE SALE OF FINANCIAL CENTER AT THE GARDENS IN PALM BEACH GARDENS, FLORIDA FOR MORE THAN $71 MILLION KBS, one of the largest owners of commercial...

Audax Private Equity ("Audax"), in partnership with management, has completed the sale of Preferred Compounding Corporation ("Preferred Compounding", "Preferred" or the "Company") to HEXPOL (STO:HPOL-B). Headquartered in Copley, OH, Preferred is a...

Innovest Global Inc. , a diversified industrials and biotechnology company, plans to spin off its novel biotechnology effort and focus on growth of current operations, and acquisitions of non-scientific companies. This move gives both initiatives...

Sverica Capital Management LP ("Sverica") today announced the signing of a definitive purchase agreement to sell Dexmet Corporation ("Dexmet" or the "Company"), a market-leading provider of expanded metal materials, to PPG. This marks the culmination...

Allegheny Technologies Incorporated today announced it has completed the sale of its Cast Products business unit to Consolidated Precision Products Corp. (CPP) of Cleveland, OH. "We are pleased to finalize the sale of our Cast Products business to...

Dr. Reddy's Laboratories Limited (BSE: 500124, NSE: DRREDDY, NYSE: RDY), announces the closure of the transaction with Upsher-Smith Laboratories, LLC (Upsher-Smith), pursuant to the satisfactory completion of all customary closing conditions...

Apex Clean Energy today announced that its proposed sale of the Isabella Wind I and II projects to DTE Energy, Michigan's leading producer of renewable energy, has been conditionally* approved by the Michigan Public Service Commission (MPSC). The two...

Allegheny Technologies Incorporated today announced it has completed the sale of a portion of its oil and gas rights in Eddy County, New Mexico and has reached an agreement to sell the remaining portion of these rights, both to the same undisclosed...

Today, the European Commission announced its final approval of the sale of Liberty Global's operations in Germany, Hungary, Romania and the Czech Republic to Vodafone Group plc ("Vodafone"). The transaction, announced May 9, 2018, has a total...

Pebblebrook Hotel Trust (the "Company") today announced that it closed on the sale of the 132-room Hotel Amarano Burbank in Los Angeles, California for $72.9 million. The sale price of $72.9 million reflects a 15.8x EBITDA multiple and a 5.7% net...

JPI is proud to announce the sale of Jefferson Chandler to Dallas-based Rosewood Property Company. The city of Chandler, part of the Phoenix East Valley, has experienced tremendous job growth over the last several years. Intel, for example, is a top...

Moody's Corporation announced today that it has agreed to sell its Moody's Analytics' Knowledge Services (MAKS) business to Equistone Partners Europe Limited (Equistone), a European private equity firm. MAKS is a leader in knowledge process...

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

Eldorado Resorts, Inc. ("Eldorado" or the "Company") announced today that it has entered into a definitive agreement to sell Isle of Capri Casino Kansas City in Kansas City, Missouri and Lady Luck Casino Vicksburg in Vicksburg, Mississippi to Twin...

Murphy Oil Corporation ("Murphy") announced its subsidiary closed the sale to divest the fully issued share capital of the entities primarily conducting Murphy's operations in Malaysia to a subsidiary of PTT Exploration and Production Public Company...

Trilantic North America ("Trilantic"), a leading private equity firm, today announced the sale of its majority stake in Home Franchise Concepts ("HFC"), a leading franchising system in the home improvement goods and services space, to JM Family...

I Squared Capital, through its ISQ Global Infrastructure Fund I, has sold its interests in Kendall Green Energy to Veolia Energy North America. Kendall is a cogeneration facility in Cambridge, Massachusetts with 232 megawatts of capacity and provides...

Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that it has signed a conditional share purchase agreement with private equity investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland,...

LBC Tank Terminals announced today that it has agreed to divest its interest in their Shanghai Terminal. The joint venture partner Cosco Shipping will acquire all LBC shares with an effective date of 12th June 2019. The sale is subject to government...

Milacron Holdings Corp. ("Milacron"), a leading industrial technology company serving the plastics processing industry, today announced that it completed the divestiture of substantially all of its Uniloy Blow Molding Business consistent with the...

Harvest Properties and joint-venture partner New York Life Real Estate Investors on behalf of McMorgan Northern California Value Add Development Fund I recently announced the sale of One Bay Plaza, located in Burlingame, California, to local...

Angelo, Gordon & Co., L.P. ("Angelo Gordon" or the "Firm"), a $33 billion alternative investment firm, today announced that private equity funds managed by the Firm have completed the sale of Crunch Fitness ("Crunch" or the "Company") to TPG Growth,...

Bristol-Myers Squibb Company announced today that effective July 1, 2019 it has completed its previously announced divestment of its consumer health business, UPSA, to Taisho Pharmaceutical Co., Ltd (Taisho), the largest over-the-counter drug...

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

Kaman Corporation today announced that it has entered into a definitive agreement to sell its Distribution segment to affiliates of Littlejohn & Co., LLC (Littlejohn) for total cash consideration of $700 million subject to customary closing...

Sixth paragraph should read: Centerview Partners acted as financial advisor and Sidley Austin LLP, Troutman Sanders LLP, and Davis Polk & Wardwell LLP served as legal counsel to I Squared Capital on this transaction (instead of Centerview Partners...

Babcock & Wilcox Enterprises, Inc. ("B&W") announced today that it has sold its Straubing, Bavaria, Germany-based material handling subsidiary, Babcock & Wilcox Loibl GmbH (Loibl), to a subsidiary of Deutsche Invest Mittelstand GmbH. "The proceeds...

Park Hotels & Resorts Inc. ("Park" or "the Company") today announced that it closed on the sales of three non-core domestic assets for combined gross proceeds of $166.0 million, or $151,000 per key. The three hotels, the 507-room Hilton Atlanta...

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

Bristol-Myers Squibb Company today provided an update on the approval process and timeline for the Company's pending merger with Celgene Corporation . The Company remains actively engaged in discussions with the U.S. Federal Trade Commission ("FTC")...

WPP today announces the sale of The Farm Group, a leading provider of post-production services, to Los Angeles-based Picture Shop. The sale is in line with WPP's new strategy as set out in December 2018, a key element of which is to focus on its...

Masco Corporation , one of the world's leading manufacturers of branded home improvement and building products, announced today that it has concluded its strategic review of its Cabinetry and Windows businesses and will pursue...

Campbell Soup Company announced today it has closed the sale of Bolthouse Farms to an affiliate of Butterfly Equity, a Los Angeles-based private equity firm, for a purchase price of $510 million, subject to customary...

Eldorado Resorts, Inc. ("Eldorado" or the "Company") announced today that it entered into definitive agreements to sell Mountaineer Casino Racetrack and Resort in New Cumberland, WV; Isle Casino Cape Girardeau in Cape Girardeau,...

OpenGate Capital, a global private equity firm, announced today that it has sold Omniplast BV ("Omniplast") to a group of European investors composed of Reedcapital, Luigi M. Chiaraviglio, and Swiss Merchant Corporation....