Le Lézard

News by subject: Divestiture

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9 december 2020

07:35
Campbell Soup Company today reported results for its first-quarter fiscal 2021 and announced a 6% increase to its quarterly dividend. Continuing Operations Three Months Ended ($ in millions, except per share) Nov. 1, 2020   Oct....


7 december 2020

16:35
NuStar Energy L.P. announced today that it has closed on the sale of its terminals in Texas City, Texas, to BWC Terminals for $106 million. The companies first announced this sale on November 2, 2020. "While it was a difficult decision, this...

16:20
Superior Drilling Products, Inc. ("SDP" or the "Company"), an innovator and manufacturer of drilling tool technologies, today announced that it has completed the sale-leaseback agreement for its facilities in Vernal, Utah, netting the Company $1.6...

09:35
JCPenney today announced that it has completed its previously announced sale, under which Simon Property Group ("Simon") and Brookfield Asset Management, Inc. ("Brookfield") have acquired substantially all of JCPenney's retail and operating assets...


3 december 2020

09:05
Nordson Corporation today entered into a definitive agreement to divest the screws and barrels product line from its polymer processing systems (PPS) division to Altair Investments (Altair). This divestiture represents a portfolio realignment...

08:05
Rock Hill Capital Group ("Rock Hill") is pleased to announce the successful sale of its portfolio company Big City Access ("Big City") to BrandSafway. Founded in 2002, Big City Access is a premier provider of scaffolding and other access solutions...

05:05
LivaNova PLC , a market-leading medical technology and innovation company, and Gyrus Capital (Gyrus), an investment firm dedicated to investments in the healthcare and sustainability sectors, today announced they have entered into an agreement...


2 december 2020

17:05
Waddell & Reed Financial, Inc. today announced it has entered into a merger agreement with Macquarie Asset Management, the asset management division of Macquarie Group , under which Macquarie would acquire all of the outstanding shares of Waddell &...

16:20
Colony Capital, Inc. ("Colony" or the "Company") announced today the sale and closing of its 51% ownership stake in the Colony Bulk Industrial Portfolio at a $400M total portfolio value. The transaction generated over $85M in net equity proceeds to...


1 december 2020

16:10
Altice USA today announces it has closed the previously announced sale of 49.99% of its Lightpath fiber enterprise business to Morgan Stanley Infrastructure Partners (MSIP) for an implied enterprise value of $3.2 billion. Altice USA will retain a...

11:35
Grey Mountain Partners ("Grey Mountain") has sold 48forty Solutions, LLC ("48forty" or the "Company") to Audax Private Equity ("Audax"). Grey Mountain partnered with the Company in February 2018 with the goal of achieving operational excellence as a...

06:35
EnPro Industries, Inc. , a leading technology company using materials science to push boundaries in semiconductor, life sciences, and other technology-enabled sectors, today announced that it has completed the sale of its GGB bushing block business...


30 november 2020

18:05
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced the completion of its previously-announced sale of a portfolio of select products to Celltrion Inc. ("Celltrion") for a total value of $278 million USD inclusive of...

17:05
Alcoa Corporation today announced an agreement to sell its rolling mill business, held by Alcoa Warrick LLC, to Kaiser Aluminum Corporation for total consideration of approximately $670 million, which includes $587 million in cash and the assumption...

16:15
Today Change Healthcare ,a leading independent healthcare technology company, announced the sale of its Capacity Management business to HealthStream, a leading provider of workforce and provider solutions for the healthcare industry. The sale...

09:05
CAI International, Inc. ("CAI" or the "Company") is pleased to announce that it has reached an agreement to sell all of its remaining railcar fleet to affiliates of Infinity Transportation for $228.7 million. The transaction is subject to...


29 november 2020

04:05
Aegon has agreed to sell its insurance, pension and asset management business in Hungary, Poland, Romania and Turkey for EUR 830 million to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG). "This transaction will simplify Aegon's...


25 november 2020

09:25
J. C. Penney Company, Inc. today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Company's Plan of Reorganization (the "Plan") to create separate property holding companies ("PropCos")...

06:05
Textron Inc. today announced that its TRU Simulation + Training Inc. subsidiary has reached a definitive agreement to sell certain of its non-U.S. businesses to CAE Inc., a global high-technology leader in training for civil aviation, defense and...


23 november 2020

11:05
Sensient Technologies Corporation announced today that it has entered into a definitive agreement to sell its fragrance business to Symrise AG. As part of the transaction, Symrise will be acquiring Sensient's aroma chemical and fragrance compound...


20 november 2020

12:20
Blackstone today announced that Blackstone Real Estate Partners VIII L.P. and co-investors have completed their previously announced transaction to sell BioMed Realty for $14.6 billion to a group led by existing BioMed investors. This transaction is...


19 november 2020

07:05
GCI Liberty, Inc. ("GCI Liberty") today announced that it has agreed to repurchase approximately $458.988 million aggregate original principal amount, of the $477.25 million aggregate original principal amount outstanding, of its 1.75% Exchangeable...

02:35
Regulatory News: Eutelsat Communications (Paris:ETL) (Euronext Paris: ETL) has agreed the disposal of its 51% stake in Euro Broadband Infrastructure (EBI), the company operating the KA SAT satellite, and related European broadband business to Viasat...


18 november 2020

11:05
Sierra Wireless (the "Company" or "Sierra Wireless"), the leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy, today announced it has completed the previously announced sale...

09:35
O2 Investment Partners ("O2" or the "Firm") (www.o2investment.com) is pleased to announce the recent sale of its portfolio company, Vessco Holdings ("Vessco" or the "Company") (www.vesscoholdings.com) to Gryphon Investors ("Gryphon"). Vessco is a...


17 november 2020

10:25
Trivest Partners LP ("Trivest" or "Firm"), a leading private equity firm focused on investing in founder and family-owned businesses, today announced that Trivest Fund V has completed the sale of its portfolio company Turnpoint Services Group...

08:40
GCI Liberty, Inc. ("GCI Liberty") today announced that it has agreed to sell its stake of LendingTree, Inc. ("LendingTree"), and agreed to unwind its forward sale contract on LendingTree shares. The gross proceeds of the sale are expected to be...


16 november 2020

06:35
Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that its affiliate has entered into an agreement with Aspen Dental Management...


12 november 2020

09:15
Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Illinois-based Resnick Auto Group on its recent sale of Midtown Toyota in Chicago to Michigan-based Victory Automotive Group. The transaction is...

08:05
Coty Inc. today announced that the strategic sale of its Professional and Retail Hair business ? including the Wella, Clairol, OPI and ghd brands (together, "Wella") ? to KKR is anticipated to complete by November 30, 2020. The Company and KKR have...


10 november 2020

11:55
Independent Investment Bankers Corp. ("IIB") is pleased to announce that Blake Nielsen and Todd Whitfield who are FINRA licensed investment bankers with IIB and Managing Directors of Black Iron Advisers have assisted their client, Jviation Inc., with...


9 november 2020

09:00
Macquarie Infrastructure Partners II ("MIP II"), announced that an agreement has been reached today to divest its 50% managed equity interest in Elizabeth River Crossings ("ERC") as part of a full sale of ERC to Abertis and Manulife Investment...


4 november 2020

09:05
Genesis Energy, L.P. announced today that it has executed agreements with a subsidiary of Denbury Inc. ("Denbury") to sell 100% of the Free State CO2 pipeline and to accelerate remaining payments owed under the NEJD financing lease. During the 4th...

07:35
SL Green Realty Corp , Manhattan's largest office landlord, today announced that together with its partners, it has entered into a contract to sell 410 Tenth Avenue, the 636,000-square-foot Manhattan office redevelopment anchored by Amazon and First...


3 november 2020

17:05
R.R. Donnelley & Sons Company ("RRD" or the "Company"), a leading global provider of marketing and business communications, today announced that it has closed on the previously announced sale of its International Mail and Parcel Logistics...

06:35
Power management company Eaton Corporation plc today announced that earnings per share were $1.11 for the third quarter of 2020. Excluding charges of $0.05 per share related to acquisitions and divestitures and $0.02 per share related to a...


2 november 2020

17:05
R.R. Donnelley & Sons Company ("RRD" or the "Company"), a leading global provider of marketing and business communications, today announced that it has closed on the previously announced sale of its DLS Worldwide Logistics business ("DLS WW") to TFI...

08:35
Tredegar Corporation announced today that it has completed the previously announced sale of its personal care films ("Personal Care Films") business to affiliates of Fitesa S.A. Commenting on the sale, John Steitz, Tredegar's president and chief...

08:20
NuStar Energy L.P. announced today that it has entered into an agreement to sell its terminals in Texas City, Texas, to BWC Terminals for $106 million. The acquisition is expected to close in the fourth quarter of 2020, subject to the satisfaction...

08:05
AT&T Inc. announced today that it has completed the sale of its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America. The transaction includes employees; network assets and spectrum; real estate and...


30 october 2020

16:25
The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") , has declared a distribution by the Partnership of $0.4714 per unit. This is the 25th consecutive quarterly...

11:05
SRAX, Inc. , a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, announced that it has sold its remaining interest in the SRAX MD asset. "Our SEQUIRE platform is rapidly...

08:35
Ring Energy, Inc. ("Company") ("Ring") stated today that the prospective buyer was unable to consummate the closing of the Company's Delaware Basin ("Delaware") assets located in Culberson and Reeves Counties, Texas ("Property"). Mr. Paul McKinney,...

04:05
Global real estate investment company Kennedy Wilson has completed the sale of Baggot Plaza, a wholly-owned, unlevered Grade A office building located in Dublin's city center, for $165.4 million to Deka Immobilien, the specialist real estate...

03:05
Wright Runstad & Company ("Wright Runstad"), Shorenstein Properties ("Shorenstein") and institutional investors advised by J.P. Morgan Asset Management ("J.P. Morgan") today announced the sale of the recently completed Block 16 office building in The...


29 october 2020

09:05
Praesidian Capital, a leading private investment firm focused on providing flexible capital to small and mid-sized businesses, announced today that it has successfully exited its investment in Pixelogic Media Partners LLC ("Pixelogic" or the...

02:20
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced financial results for the first half of fiscal year 2020 (period ended September 30, 2020). TAKEDA PRESIDENT & CHIEF EXECUTIVE OFFICER CHRISTOPHE WEBER commented:...


28 october 2020

18:35
The Directors of SJW Group today declared a quarterly cash dividend on common stock of $0.32 per share. The dividend is payable on Dec. 1 to shareholders of record at the close of business on Nov. 9. This quarterly dividend represents an annualized...

16:35
New Bancorp, Inc. (the "Company"), the former holding company of New Buffalo Savings Bank, today announced that its Board of Directors has approved a distribution of $26.25 per share to its stockholders of record as of the close of business on...

09:20
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it is advising SentryOne, a portfolio company of Mainsail Partners, on its pending sale to SolarWinds . SentryOne is a leading provider of...

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