News by subject: Divestiture

Eastman Chemical Company announced that it has completed the previously reported sale of its Texas City Operations to INEOS Acetyls. Texas City Operations was previously part of Eastman's Chemical Intermediates segment. Eastman has retained...

Community Health Systems, Inc. announced today that certain subsidiaries of the Company have completed the divestiture of Bravera Health Brooksville (120 licensed beds) in Brooksville, Florida, Bravera Health Spring Hill (124 licensed beds) in...

Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has decided the name of its new subsidiary, Mitsubishi Electric Mobility Corporation, that has been formed as part of the planned spinoff of Mitsubishi Electric's automotive-equipment...

System1, Inc. ("System1" or the "Company"), an omnichannel customer acquisition marketing platform, today announced the sale of Total Security Limited ("Total Security") to a group led by Just Develop It Limited (the "Transaction"). The...

Discover Financial Services today announced that the Company's Board of Directors (the "Board") has authorized Discover management to explore the sale of the Discover Student Loans portfolio and the transfer of servicing of these loans to a...

Vertiv , a global provider of critical digital infrastructure and continuity solutions, will host its previously announced Investor Conference today at the New York Stock Exchange from 10 a.m. to 3 p.m. Eastern Time. Vertiv's management team will...

iHeartMedia, Inc. ("iHeart") announced today that in connection with the previously announced acquisition of Broadcast Music, Inc. ("BMI") to a shareholder group led by New Mountain Capital, LLC, it expects to receive approximately $100M of proceeds...

U.S. Fence Solutions Company, LLC ("U.S. Fence"), a portfolio company of building industry-focused investment firm, Building Industry Partners LLC ("BIP"), has sold Ideal Fencing Corp. ("Ideal" or the "Company") to Soil Nail Holdings ("SNH"). SNH is...

TechnipFMC plc (the "Company" or "TechnipFMC") today announced an agreement to sell the Company's Measurement Solutions business to One Equity Partners for $205 million in cash, subject to customary adjustments at the closing of the transaction....

CORE Industrial Partners ("CORE"), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the completion of the previously announced sale of J&K Ingredients LLC ("J&K" or the "Company"), a...

Tenet Healthcare Corporation has entered into a definitive agreement with Novant Health for the sale of three Tenet hospitals and related operations in South Carolina for approximately $2.4 billion in cash (after-tax proceeds of approximately $1.750...

Covenant Capital Group, LLC ("Covenant"), a leading real estate investment manager with an exclusive focus on value-add investments in apartment communities, sold Seven Lakes at Carrollwood, a 640-unit multifamily property located in Tampa, Florida....

American Software, Inc. , a leading provider of innovative AI-powered supply chain management and advanced retail planning platforms, announced today that its wholly-owned subsidiary, Logility, Inc., signed an agreement for the sale of its...

Generation Mining Limited ("Gen Mining" or the "Company") has closed the previously announced sale of its rights and interests in an agreement to acquire a 100% interest in a mineral property (the "Davidson Property") hosting a molybdenum-tungsten...

NCFI Polyurethanes, a member of the Barnhardt Family of companies, announced today they have entered into an agreement with Richmond, VA-based Carpenter Co. for the divestiture of NCFI's Consumer Products Division, pursuant to terms and conditions,...

Global Atlantic Financial Group ("Global Atlantic"), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, has sold its 33% minority interest in a portfolio of 26 operating solar facilities and...

SunLink Health Systems, Inc. today announced that its subsidiary, Crown Healthcare Investments, LLC, has signed an agreement with Progressive Health Group, LLC ("Buyer") for the sale of the subsidiary that owns and operates Trace Regional Medical...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $59 billion of capital under management, is pleased to announce the sale of its portfolio company Tastes on the Fly ("Tastes on the Fly" or the "Company") to Paradies...

On November 10, 2023, Unit Corporation (Company) filed unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2023 with OTC Markets Group Inc. . The Company's current, quarterly, and annual reports...

TJC, L.P. ("TJC") today announced that an affiliate of The Resolute Fund V, L.P. ("Resolute V") has entered into a definitive agreement to sell CPI's Electron Device business ("EDB" or the "Company"), a business segment of Communications & Power...

ALSP Orchid Acquisition Corporation I (the "Company" or "ALSP Orchid") announced today that it will redeem all of its outstanding Class A ordinary shares (the "Public Shares"), effective as of the close of business on November 14, 2023 or as soon as...

Evans Bancorp, Inc. (the "Company" or "Evans") , a community financial services company serving Western New York since 1920, announced today that it has entered into a definitive agreement to sell The Evans Agency, LLC ("TEA") to Arthur J. Gallagher...

Xencor, Inc. , a clinical-stage biopharmaceutical company developing engineered antibodies and cytokines for the treatment of cancer and autoimmune diseases, today announced the sale of portions of financial interests from Alexion Pharmaceuticals,...

Nov. 7, 2023-- Stellant Systems, Inc. (Stellant) and Comtech , both global technology leaders, announced today that the companies have closed, effective November 7, 2023, on the previously announced sale of Comtech's Power Systems Technology (PST)...

Sumitomo Mitsui Financial Group (collectively, SMBC Group, President and Group CEO Jun Ohta) and ITE Management L.P. (ITE), an investment firm specializing in industrial transportation assets and infrastructure, announced today that an affiliate of...

Maximus , a leading provider of government services worldwide, announced today it completed the divestiture of employment services operations in Italy, Singapore, and Canada. The purchaser, Angus Knight, is a global provider of employment, community,...

Comvest Partners ("Comvest"), a middle-market private investment firm, is pleased to announce the execution of a definitive agreement to sell Systems Control (the "Company") to Hubbell Incorporated , a leading manufacturer of utility and electrical...

H.I.G. Capital ("H.I.G.") and CapVest Partners LLP ("CapVest") are pleased to announce that H.I.G portfolio company, Recochem (the "Company"), has been acquired by funds managed by CapVest. H.I.G. will remain a minority investor in the Company....

Nitya Capital, the international real estate investment firm headquartered in Houston, has recently concluded the sale of three multifamily properties in both the Austin and Houston regions. These transactions contribute to Nitya's growing record of...

Trustar Bank is delighted to announce that it has completed the sale of its interest in Trustar Mortgage, LLC, a wholly owned subsidiary of Trustar Bank, to Archer Mortgage Holding Company, LLC. Going forward, Trustar Mortgage, LLC will operate as...

The Allstate Corporation today reported financial results for the third quarter of 2023. The Allstate Corporation Consolidated Highlights (1)   Three months ended September 30,   Nine months ended September 30,...

The AZEK Company Inc. ("AZEK" or the "Company"), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim, and...

Eastern Bankshares, Inc. (the "Company") , the stock holding company for Eastern Bank, announced today it has completed the previously disclosed sale of Eastern Bank's insurance operations, which conduct business under the name Eastern Insurance...

Corebridge Financial, Inc. today announced that it has successfully completed the previously announced sale of Laya Healthcare Limited ("laya healthcare") to a subsidiary of AXA S.A. ("AXA"). Laya healthcare, which is the second largest health...

Benson Hill, Inc. , a food tech company unlocking the natural genetic diversity of plants, today announced that it has transferred ownership of its Seymour, Ind., soybean crush facility to White River Soy Processing, LLC for approximately $36 million...

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will transfer its automotive-equipment business and assets to a future wholly owned subsidiary Melco Automotive Equipment Business Split Preparation Corporation (the "Prep...

Octopai, a global pioneering force in metadata management and enterprise-grade data lineage solutions, is pleased to announce its recent achievement of Microsoft's Co-Sell Incentivized status. This latest advancement solidifies an already robust...

CaliberCos Inc. ("Caliber"), a real estate investor, developer, and manager, today announced the sale of Northsight Crossing, a prominent retail center located in Scottsdale, Ariz. The property was purchased in January 2022 by Northsight Crossing...

Nextracker , one of the world's leading providers of intelligent solar tracker and software solutions, today announced Flex Ltd.'s plan to effect a spin-off of all of its remaining interests in Nextracker Inc. to Flex shareholders (also announced by...

Walker & Dunlop, Inc. announced today that it arranged the sale of Zia Sunnyside Apartments for $161,000,000. The property is a 434-unit, Class A apartment community, conveniently located at the first light rail station north of Denver in the...

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has completed the sale of Omni Industrial Campus, a three-building, 1.3 million square foot logistics portfolio in Charleston,...

Bregal Unternehmerkapital ("BU"), a leading investment firm in the DACH region and Northern Italy, today announced the sale of EA Elektro-Automatik Holding GmbH ("EA" or the "Company"), a leading provider of electronic test and measurement devices,...

Further to the announcement on 28 July 2023, the Boards of the parent companies of Telegraph Media Group Limited and The Spectator (1828) Limited announce that their advisers will today be launching a sale process for each of the businesses....

Vista Outdoor Inc. , the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, this week announced that Andy Keegan, currently Vice President and interim Chief...

PPG today announced that it has divested all Traffic Solutions operations in Australia and New Zealand to Geveko Markings, a pavement markings specialist headquartered in Sweden. Financial terms of the agreement were not disclosed. The transaction...

Vista Outdoor Inc. ("Vista Outdoor"), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced a definitive agreement to sell its Sporting Products...

Pebblebrook Hotel Trust (the "Company") announced today that it executed a contract to sell the 221-room Hotel Zoe Fisherman's Wharf in San Francisco, California for $68.5 million to a third party. The property sale is subject to normal closing...

Rayonier Advanced Materials Inc. (the "Company"), the global leader in High Purity Cellulose, today announced that it has engaged Houlihan Lokey as its financial advisor to explore the potential sale of its paperboard and high-yield pulp assets...

SunOpta Inc. ("SunOpta" or the "Company") , a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced the sale of certain frozen fruit assets to Nature's Touch, a company based in Quebec, Canada....

The AZEK Company Inc. ("AZEK" or the "Company"), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim, and...