News by subject: Divestiture

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...

Marsh & McLennan Companies, Inc. is providing this update regarding the European Commission's (EC) Phase 1 review of MMC's acquisition of Jardine Lloyd Thompson Group plc (JLT). On March 1, MMC and JLT formally committed to...

Community Health Systems, Inc. announced today that subsidiaries of the Company have completed the sale of four South Carolina hospitals ? 82-bed Chester Regional Medical Center in Chester, 225-bed Springs Memorial Hospital in...

On March 1, 2019, Retail Value Inc. closed on the sale of the Chick-fil-A Pad at West Allis Center (West Allis, WI) for $2.2 million. Net proceeds were used to repay mortgage debt associated with RVI. RVI owns interests...

SunLink Health Systems, Inc. today announced that its subsidiary, Southern Health Corporation of Ellijay, Inc., has signed a definitive agreement for the sale of its Parkside Ellijay Nursing Home and related real estate for...

Power management company Eaton today announced that it intends to pursue a tax-free spin-off of its Lighting business. The spin-off will create an independent, publicly traded company and is expected to be completed by the end...

NGL Energy Partners LP ("NGL" or the "Partnership") today announced that it has closed the previously announced transaction to sell its South Pecos Water Disposal Assets to a subsidiary of WaterBridge Resources LLC...

UPC Holding (together with its subsidiaries and their related businesses, the "UPC Group"), today announces that its parent, Liberty Global plc ("Liberty Global") and Sunrise have entered into a binding agreement (the...

Kennedy-Wilson Holdings, Inc. today reported the following results for the fourth quarter and full year of 2018:      ...

Standex International Corporation today announced that it has signed a definitive agreement to sell its Cooking Solutions Group (CSG), which is part of Standex's Food Service Equipment Group segment, to The Middleby...

On February 27, 2019, Retail Value Inc. closed on the sale of the TD Bank Pad at Homestead Pavilion (Homestead, FL) for $4.1 million. Net proceeds were used to repay mortgage debt associated with RVI. RVI owns interests...

Liberty Global plc ("Liberty Global") today announced that it has reached a binding agreement to sell its Swiss operation, UPC Switzerland, to Sunrise Communications Group AG ("Sunrise"). At December 31, 2018, UPC Switzerland's...

HomeStreet, Inc., ("HomeStreet"), the parent company of HomeStreet Bank ("HomeStreet Bank"), has announced that it has entered into a non-binding letter of intent for Homebridge Financial Services, Inc., ("Homebridge") to...

Campbell Soup Company announced today that it has signed a definitive agreement for the sale of Garden Fresh Gourmet to an affiliate of Fountain of Health USA, a maker of hummus, dips, variety packs, prepared salads, pâtés, and...

Newell Brands continues to make progress on its Accelerated Transformation Plan, designed to create a simpler, faster, stronger consumer-focused portfolio of leading brands and today announced that it has signed a definitive...

Schwan's Home Service, a leading food-delivery company in the United States, announced today that the business is officially operating independently from its parent organization, Schwan's Company. The organizational transition...

The Board of Trustees of The Gabelli Go Anywhere Trust (the "Fund") declared a $0.20 per share cash distribution payable on March 22, 2019 to common shareholders of record on March 15, 2019. The Fund's distribution policy is...

Campbell Soup Company announced today that it has signed a definitive agreement for the sale of its Everett, Washington, refrigerated soup plant to an affiliate of the Joshua Green Corporation (JGC), a Seattle-based private...

SITE Centers Corp. today announced operating results for the quarter ended December 31, 2018. "We successfully repositioned our portfolio, bolstered our balance sheet and began pivoting to growth in 2018," commented...

Audax Private Equity ("Audax"), in partnership with management, has completed the sale of Rogue Wave Software ("Rogue Wave") to Perforce Software, Inc. ("Perforce") a Clearlake Capital portfolio company. Headquartered in...

CEMEX, S.A.B. de C.V. ("CEMEX") announced today that it has signed an agreement for the sale of assets in the Baltics and Nordics to the German building materials group SCHWENK, for approximately ?340 million....

As part of a comprehensive redesign of its global business, Ford Motor Company today announced it will exit the commercial heavy truck business in South America. As a result, the company will cease production at the São Bernardo...

Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Ponder Enterprises Inc. and Ponder Brothers LLC,...

DRiV Incorporated is the name of the future publicly traded Aftermarket and Ride Performance company that will launch in the second half of this year, following Tenneco Inc.'s separation into two independent companies, Tenneco...

Frontline Tooling Solutions ("Frontline"), the non-operating holding company of Techniks Tool Group ("TTG") and Peak Toolworks ("Peak"), has completed the sale of TTG to an affiliate of Z Capital Group ("Z Capital"). The sale and...

NAI Ohio River Corridor's Laurie Stanbro has the opportunity to market what is known as one of the world's most "unusual", "bizarre" or "coolest" buildings in the United States, depending upon your perspective. Built in 1997 as...

7X Energy, Inc. ("7X"), a leader in solar development in the U.S., today announced the sale of the 100-megawatt (MW) Lapetus Solar Energy Project in Andrews County, Texas to Duke Energy Renewables. 7X, the original owner...

Elanco Animal Health Incorporated , formerly the animal health business of Eli Lilly and Company (Lilly), today announced it intends to file a Form S-4 Registration Statement with the Securities and Exchange Commission (SEC) in...

Park Hotels & Resorts Inc. ("Park") today announced that it has closed on the sale of the 563-room Pointe Hilton Squaw Peak Resort (the "Hotel") located in Phoenix, AZ, for gross proceeds of $51.4 million, or $91,200 per key...

Ecolab Inc. is announcing it plans to spin off its Upstream energy businesses as a stand-alone publicly-traded company. The Upstream Energy business currently operates within Ecolab's Energy segment and consists of the Oil Field...

NRG Energy, Inc. has closed on the previously announced sale of NRG South Central Generating LLC (South Central) to Cleco Corporate Holdings LLC (Cleco) for $1 billion in cash, prior to adjustments pursuant to the terms of the...

WPX Energy has signed agreements to divest certain holdings for aggregate proceeds in excess of $200 million, with closings expected in the first quarter. The sales consist of separate transactions for an equity...

INVISTA has completed the previously announced sale of its Apparel & Advanced Textiles business to an affiliate of Shandong Ruyi Investment Holding. The transaction includes: The Apparel &...

Equity Commonwealth announced today it is under contract to sell 1735 Market Street, a 1.3 million square foot office property, in Philadelphia, Pennsylvania, for a gross sale price of $451.6 million. Proceeds after credits for...

Tenet Healthcare Corporation today announced that it has completed the sale of its three Chicago-area acute care hospitals to Pipeline Health LLC. The three hospitals included in the sale are Louis A. Weiss Memorial Hospital,...

Triumph Group, Inc. announced today a definitive agreement to sell Triumph Fabrications to Arlington Capital Partners. The operations included in the agreement are in Fort Worth, Texas; Hot Springs, Arkansas; Phoenix, Arizona;...

South State Corporation today released its unaudited results of operations and other financial information for the three-month and twelve-month periods ended December 31, 2018. Highlights for the fourth quarter of 2018 and for...

Schurz Communications, a privately held communications company formed in 1872, announced today its intention to sell its publishing division to GateHouse Media, LLC ("GateHouse Media") and will continue investing in the...

Spectrum Brands Holdings, Inc. today announced the closing of the sale of its Global Auto Care business to Energizer Holdings, Inc. for $938.7 million in cash and approximately 5.3 million shares of Energizer common stock,...

Platform Specialty Products Corporation ("Platform" or the "Company") announced today its preliminary unaudited financial results for the three and twelve months ended December 31, 2018. As previously announced, the Company has...

Triumph Group, Inc.  announced today a definitive agreement to sell its metallics machining operations to NWI Holdings, an affiliate of TECT Aerospace and TECT Power. TECT Aerospace manufactures complex aerostructure components,...

Actuant Corporation (the "Company" or "Actuant") today announced that the Company intends to solely focus on its Industrial Tools & Services ("IT&S") segment and pursue a standalone strategy as a pure play industrial tools and...

nCipher Security, the provider of trust, integrity and control for business critical information and applications, officially launched today creating a new leader in the general purpose hardware security module (HSM)...