News by subject: Divestiture

Newell Brands Inc. announced today that it has completed divestitures of Process Solutions and Rexair, as it continues to execute on its Accelerated Transformation Plan. Newell Brands has finalized the divestiture of...

The Smithers Avanza Toxicology Services business unit in Gaithersburg, MD, a boutique contract research organization (CRO) specializing in general toxicology, vaccine safety and developmental and reproductive toxicology (DART),...

Power management company Eaton Corporation plc today announced that earnings per share were $1.23 for the first quarter of 2019. Adjusted earnings per share were $1.26, which excludes charges of $0.03 per share for acquisition...

The Valence Group Advises INEOS Enterprises, a division of INEOS ("INEOS"), on its sale of INEOS Melamines and Paraform to Prefere Resins Holding GmbH. The Valence Group acted as financial advisor to INEOS Enterprises on...

The AES Corporation announced today that it has entered into agreements to sell its interests in six power plants in Jordan and the United Kingdom for total proceeds of $211 million. In Jordan, AES agreed to sell two...

ConocoPhillips today announced it has entered into an agreement 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...

ConocoPhillips today announced it has completed the previously announced transaction to sell its 30 percent interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million plus customary adjustments....

Columbia Property Trust, Inc. announced today that it has completed the sale of One and Three Glenlake Parkway, a fully-leased, 711,000-square-foot office campus located in Atlanta's Central Perimeter submarket, for...

Quorum Health Corporation today announced that it has completed the sale of the 146-bed Scenic Mountain Medical Center in Big Springs, Texas. The total proceeds from the sale were approximately $22 million, including retained...

Campbell Soup Company announced today that it has signed a definitive agreement for the sale of Bolthouse Farms to an affiliate of Butterfly Equity, a Los Angeles-based private equity firm specializing in the food sector, for...

CyrusOne Inc. , a premier global data center REIT, today announced that it has sold approximately 5.7 million American depository shares ("ADSs") of GDS Holdings Limited ("GDS") for a total purchase price of approximately $200...

Rotunda Capital Partners, LLC ("Rotunda"), a private equity firm focused on lower middle market and family-owned holdings, announces the sale of Munch's Supply, a leading wholesale HVAC distributor, to Ridgemont Equity Partners....

Platinum Equity and The Gores Group announced today the sale of Data Blue to Court Square Capital Partners. Financial terms of the transaction were not disclosed. Founded in 2011, Data Blue is a provider of customized...

Rayonier Inc. plans to release its first quarter 2019 earnings after the market closes on Wednesday, May 1, 2019. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (EDT) on Thursday, May 2 to...

Williams and Crestwood Equity Partners LP ("Crestwood") today announced that Williams has sold its 50 percent interest in Jackalope Gas Gathering Services, L.L.C. ("Jackalope") to an affiliate of Crestwood for $484.6 million in...

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, has announced it has divested ownership of the 138-suite DoubleTree Suites by Hilton Nashville Airport to...

JPI, a leader in the development of Class A multifamily housing, has announced the sale of Jefferson LasCo. Located in the heart of Las Colinas' booming Urban Center, Jefferson LasCo is a 422-home, mid-rise apartment community...

Royal Gold, Inc. (together with its subsidiaries, "Royal Gold" or the "Company") today announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 60,000 gold equivalent ounces comprised of approximately 48,000...

Nexstar Media Group, Inc. ("Nexstar") announced today that it entered into a definitive agreement with Circle City Broadcasting I, Inc. ("CCB"), a newly-formed minority-led broadcaster controlled and owned by DuJuan...

Communications Systems, Inc. ("CSI" or the "Company"), a global provider of enterprise network infrastructure, voice and data communication products and services for deployments and management of IT networks, today announced...

Harris Corporation and Elbit Systems Ltd. today announced the signing of a definitive agreement under which Elbit Systems of America, LLC (ESA) will acquire Harris' Night Vision business for $350 million in cash. The...

HomeStreet, Inc. (the "Company" or "HomeStreet"), the parent company of HomeStreet Bank (the "Bank"), announced today that the Bank has executed a definitive agreement for Homebridge Financial Services, Inc., ("Homebridge") to...

GumGum, Inc., an artificial intelligence company specializing in computer vision, announced today that it will spin off its dental division into a newly created independent business entity, which will continue to develop AI...

River Ranch Capital ("River Ranch") has retained Core Energy Advisors, LLC to sell a package of interests in oil and gas properties in Oklahoma, which are primarily in the SCOOP play in Grady County. This acreage is 100% held by...

Praesidian Capital, a leading provider of senior and subordinated capital for small and mid-sized businesses, announced today that it has successfully exited its $14 million investment in JD Beauty Co., LLC ("JD Beauty" or the...

Concho Resources Inc. ("Concho" or the "Company") today announced that Oryx Southern Delaware Holdings, LLC, ("Oryx"), the owner of the Oryx I oil gathering and transportation system, has entered into an agreement to sell 100%...

Standex International Corporation today announced that it has closed the previously disclosed sale of its Cooking Solutions Group (CSG) to The Middleby Corporation. Commenting on the sale, President & CEO David...

NTT DATA Services, a recognized leader in global technology services, today announced it has acquired Cognosante Consulting, LLC, the consulting division of Cognosante, a leader in health information technology solutions...

The Ferrero Group and its related companies ("Ferrero"), a global confectionary group, today announced a definitive agreement pursuant to which it will acquire the cookie, fruit and fruit-flavored snack, ice cream cone and pie...

ALLETE Inc. announced today it has closed on the $270 million sale of U.S. Water Services Inc. to Kurita Water Industries Ltd., a leading international water-management company headquartered in Tokyo, Japan....

Audax Private Equity ("Audax"), in partnership with management, has completed the sale of CoolSys, Inc. ("CoolSys") to the Private Equity Group of Ares Management Corporation. Terms of the transaction were not disclosed....

CEMEX, S.A.B. de C.V. ("CEMEX") announced today it is making significant progress in its divestment initiative which is part of "A Stronger CEMEX", a previously announced enhancement plan, by having closed or reached binding...

CynergisTek, Inc., , a leader in healthcare cybersecurity, privacy, and compliance, today announced that it has closed a transaction to sell the assets used in its Managed Print Services (MPS) business division for $30...

CEMEX, S.A.B. de C.V. ("CEMEX") announced today that it has reached a binding agreement with Çimsa Çimento Sanayi Ve Ticaret A.S. to divest CEMEX's white cement business, including its Buñol cement plant in Spain, for...

SunLink Health Systems, Inc. today announced that its subsidiary, Southern Health Corporation of Ellijay, Inc., has completed the sale of its Parkside Ellijay Nursing Home and related real estate for approximately $7,300,000....

CEMEX, S.A.B. de C.V. ("CEMEX") announced today that it has reached a binding agreement to sell its aggregates and ready-mix assets in the North and North-West regions of Germany to GP Günter Papenburg AG for approximately ?87...

Newell Brands today announced that it has signed a definitive agreement to sell its Process Solutions Business to One Rock Capital Partners, LLC, a private equity firm focused on control-stake equity investments in middle-market...

Cree, Inc. announces the execution of a definitive agreement to sell its Lighting Products business unit ("Cree Lighting"), which includes the LED lighting fixtures, lamps and corporate lighting solutions business for...

Ampco-Pittsburgh Corporation reported sales from continuing operations for the three and twelve months ended December 31, 2018, of $95.8 million and $419.4 million, respectively, compared to $103.6 million and $385.2 million,...

ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies, announced today that it has divested of its Teardowns Division. The business was sold to a private...

Fenix Parts, Inc. ("Fenix"), Goldy Metals Incorporated and Kenneth Gold (together, "Goldy") today announced the closing of a transaction pursuant to which Fenix sold its Canadian subsidiaries and their operations, consisting of...

Elanco Animal Health Incorporated today announced the appointment of four new members to the Board of Directors. The new members will serve on staggered terms, creating a nine-member Board. The Board was initially established in...

Quorum Health Corporation (the "Company") today announced financial and operating results for the fourth quarter and year ended December 31, 2018.   QUORUM...

Helen of Troy Limited ("the Company"), designer, developer and worldwide marketer of consumer brand-name housewares, health and home, and beauty products, today announced it is in the process of exploring the divestiture of it's...

Elanco Animal Health Incorporated today announced that it is now a fully independent company. The completion of Eli Lilly and Company's exchange offer completes the journey Elanco began in 2017 when its former parent company...

Columbus McKinnon Corporation , a leading designer, manufacturer and marketer of motion control products, technologies and services for material handling, today announced that it has completed the divestiture of the...

Triumph Group, Inc.  announced today the sale of Triumph Aviation Services ? NAAS Division, Inc. ("NAAS") to STS Aviation Group. The transaction is effective as of March 6, 2019. The division generated revenues of approximately...

Today, Blue Wolf Capital Partners (Blue Wolf), a New York-based private equity firm, announced the completion of the sale of North American Rescue (NAR) to Henry Schein, Inc. (Henry Schein). NAR will be integrated into Henry...

On March 4, 2019, Retail Value Inc. closed on the sale of Lowe's Home Improvement (Hendersonville, TN) for $16.1 million. Net proceeds were used to repay mortgage debt associated with RVI. Subsequent to the transaction,...

Resilience Capital Partners, a private equity firm that invests in middle-market companies, announced it has completed the sale of its portfolio company Thermal Solutions Manufacturing to Altus Capital Partners, Inc., an...