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IBM has a history of divesting businesses that no longer work as part of its high-value, integrated business model. This software sale is in the same mold as previous divestitures, and it may not be the last in the run-up to the Red Hat deal.
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www.foxbusiness.com
https://www.foxbusiness.com/markets/ibm-raises-cash-ahead-of-megadeal
NextEra Energy will receive approximately $760.0 million as proceeds from this transaction, subject to closing adjustments, which also includes the current $700 million of non-recourse debt. The agreement for the divestiture of interests was previously announced on Dec 21, 2012.
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finance.yahoo.com
http://finance.yahoo.com/news/nextera-energy-sheds-hydro-assets-210836005.html
Marks & Spencer (MKS) completes the trio of big High Street names reporting this week. Many believe that the recent M&A speculation is the only route the blue blooded retailer can take in order to live up to its fundamental potential, and this speculation reached a peak last month after Arcadia chairman Sir Philip Gree...
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www.proactiveinvestors.co.uk
https://www.proactiveinvestors.co.uk/companies/news/260169/newspaper-briefing-including-cabinet-hold-discussions-over-full-rbs-nationalisation-daily-telegraph-10169.html
Its Airbus stake sale will dilute BAE's earnings but the firm is expected to use some of the proceeds on new acquisitions. Airbus contributed £254 million in profits before taxation on sales of £3 billion for BAE in 2005. The world's airlines were forced to review growth plans yesterday after Airbus revealed more delay...
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www.business-live.co.uk
https://www.business-live.co.uk/economic-development/baes-shareholders-want-rid-airbus-3975786
Consumer goods company Procter & Gamble Co (NYSE: PG ) may not be stuck in neutral after all, even if the post-earnings-announcement PG stock price isn't exactly soaring. After factoring in currency headwinds and a handful of divestitures, the once-great iconic growth machine looks like it's starting to grow meaningful...
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www.nasdaq.com
http://www.nasdaq.com/article/procter-gamble-co-its-time-to-put-pg-stock-back-on-your-watch-list-cm659331
On April 1, Gap's shares spiked on the same kind of speculation. At that time, Gap Inc. got hit by a Barclays downgrade, triggering rumors that the operator of Old Navy, Gap, Banana Republic and Athleta brands could decide to spin off a brand to raise shareholder value.
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www.aol.com
https://www.aol.com/reports-activism-athleta-push-gap-212158721.html
London-based Anglo is looking to raise another $4 billion from asset sales to cope with a collapse in commodity prices, after generating about $2 billion by offloading its tarmac business, two copper mines in Chile and platinum assets in South Africa. South32 Ltd., the aluminum, coal and manganese producer spun out of ...
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www.biznews.com
https://www.biznews.com/briefs/2016/02/11/mick-davis-x2-sets-sights-on-anglos-1bn-brazilian-ops
Around 3,000 crore was generated through the stake sale in six companies to meet the Sebi's listing norms and another 1,600 crore came from the disinvestment of the Power Grid Corporation. As tax collections too are below the target and the revenue expenses are ballooning, the fiscal deficit is likely to exceed the 4.8...
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timesofindia.indiatimes.com
https://timesofindia.indiatimes.com/business/personal-finance/psu-stocks-caught-in-a-storm/articleshow/30925562.cms
He said his client was creating ''issues'' for that sale process, and the letter ''went directly to the bank's strategy regarding the existing equity finance and custody businesses''. Mr Corbett also said knowledge of the planned sale of custodian services ''went to the highest levels of the bank''. Two weeks after the...
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www.smh.com.au
https://www.smh.com.au/business/anz-sell-off-hung-on-primebrokers-fate-court-told-20110303-1bgfh.html
Darden on Monday reiterated it would proceed with its own plan to spin off or sell Red Lobster, rebuffing Barington and Starboard Value LP, another activist investor that is pressuring Darden to rethink its plans for the seafood chain.
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www.reuters.com
http://www.reuters.com/article/us-darden-results-idUSBREA2216320140303
Last week also, there were reports of Adani group looking to buy stake in PTC India. That time, PTC India said it was not aware of any such developments of stake sale by the promotor companies. The company also issued a clarification to the stock exchanges (BSE & NSE) on similar media reports on December 19.
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www.businesstoday.in
https://www.businesstoday.in/markets/company-stock/story/ptc-india-shares-hit-5-upper-circuit-limit-gain-for-3rd-day-on-stake-sale-reports-361017-2023-01-19"
On April 04 th, 2017, SeaDrill announced that it has reached an agreement with its banking group to extend a series of key dates as part of its ongoing restructuring efforts. The Company has reached an agreement to extend the milestone to implement a restructuring plan from April 30 th, 2017, to July 31 st, 2017, and a...
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www.prnewswire.com
https://www.prnewswire.com/news-releases/research-reports-initiation-on-oil--gas-stocks----seadrill-whiting-transocean-and-diamond-offshore-619121234.html
Our investigation found that Vocus concentrates on supplying large enterprise and government customers, whereas TPG focuses on the small and medium enterprise segment of the market.
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www.fool.com.au
https://www.fool.com.au/2025/03/20/tpg-share-price-higher-following-accc-decision
These included consideration of the impact of the CCAA and Chapter 11 filings on Nortel's businesses including the deterioration of sales, the goal of maximizing the underlying value for its operations, preserving jobs, and continuing operations in both Canada and the U.S. The Ontario Court also recognized that, as cer...
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www.mondaq.com
http://www.mondaq.com/canada/x/124482/Insolvency,+Administration,+Bankruptcy+and+Liquidation/Show+Me+The+Money+Stalking+Horse+Auctions+In+CrossBorder+Insolvencies+Value+Maximization+And+An+Increase+in+Transparency
Last year, eBay agreed to spin off PayPal, the payment processor, after the hedge-fund billionaire Carl C. Icahn pushed for the move. Relational Investors achieved a similar result in 2013 with Timken, which split into two companies: one focused on steel and the other on bearings.
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www.nytimes.com
https://www.nytimes.com/2015/09/29/business/dealbook/alcoa-to-split-into-2-separate-companies.html?module=inline
In April, Rodney McMullen, Kroger's Chairman and CEO, said the updated divestiture package to C&S Wholesale Grocers would ensure divested stores would not close as a result of the merger. "The updated divestiture plan continues to ensure no stores will close as a result of the merger and that all frontline associates w...
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www.thepacker.com
https://www.thepacker.com/news/retail/kroger-albertsons-details-stores-be-divested
After taking over parts of Air Berlin last year and acquiring the remaining stake in Brussels Airlines to expand its Eurowings brand, Lufthansa has also eyed Alitalia, though the sale process is being held up by political turmoil. (Reuters)
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www.independent.ie
https://www.independent.ie/business/lufthansa-enters-ring-as-owner-of-aer-lingus-circles-norwegian-37025271.html
Last month, Toshiba scrapped a proposal to divide into three listed companies, deciding to separate into two instead. The original plan faced stiff opposition from large shareholders, including 3D. Instead, the company intends to spin off its devices business, which includes semiconductors, and list it, arguing a two-w...
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au.news.yahoo.com
https://au.news.yahoo.com/amphtml/toshiba-plan-split-two-opposed-062605584.html
The CBI has called for the "entire record pertaining to HZL related to nationalisation of MCIL,disinvestment of HZL in favour of Sterlite Opportunities and the opinion of Attorney General on Sterlite's call option".
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indianexpress.com
https://indianexpress.com/article/news-archive/print/cbi-goes-after-nda-now-looks-into-hindustan-zinc-stake-sale
To that end, Procter & Gamble reaffirmed its 2019 expectations for organic sales growth of 2% to 3%. Total sales are expected to be down by a similar degree, but only to reflect divestitures that will ultimately make the company more profitable. P&G is looking for core earnings growth of between 3% and 8%, given curren...
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investorplace.com
https://investorplace.com/2018/10/procter-gamble-earnings-report-offers-a-glimmer-of-hope
While Evergrande paid a $83.5m coupon to international bondholders last week before the expiration of a grace period, the company is having trouble raising funds via asset sales, financial institutions or wealthy friends. Earlier this month, a filing showed Hui committed 500-million Evergrande shares — almost 5% of his...
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www.businesslive.co.za
https://www.businesslive.co.za/bd/companies/2021-10-27-evergrande-founder-hui-a-conspicuous-consumer
Traders rushed to sell BYD after Warren Buffett's Berkshire Hathaway trimmed its stake in the Chinese electric vehicle (EV) maker, fearing that the legendary investor may be gearing up for an eventual exit after more than a decade as the company's most notable backer.
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www.businesstimes.com.sg
https://www.businesstimes.com.sg/companies-markets/transport-logistics/byd-plunges-buffetts-stake-sale-spurs-bets-more-selling
"France is key in these globalization efforts, allowing Boeing to operate broadly and effectively with the entire globe as a market and as a source of production and resources."Sales and marketing responsibilities for Boeing products and services will remain with the business units -- Boeing Commercial Airplanes, Integ...
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boeing.mediaroom.com
https://boeing.mediaroom.com/2003-05-20-Boeing-Names-Yves-Galland-to-Lead-Boeing-France
Notably, when the initial 20% stake sale was announced in February, Truist's management was keen to keep the remaining stake in this profitable business. In 2022, TIH (excluding premium finance business) constituted 35% of Truist's total fee income and 8% of adjusted net income available to common shareholders. But sin...
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www.zacks.com
https://www.zacks.com/stock/news/2229535/truist-tfc-enters-deal-to-sell-remaining-stake-in-insurance-arm/?art_rec=quote-stock_overview-zacks_news-ID01-txt-2229535
AREX acknowledges that the Company has begun interviewing the two highly qualified director candidates that it has presented to Enhabit's Board in order to expedite the Board's announced Transition Plan. However, AREX believes that the Board must also immediately commit to launching a review of strategic alternatives b...
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www.globenewswire.com
https://www.globenewswire.com/news-release/2023/06/13/2687195/0/en/AREX-Capital-Issues-Letter-to-Board-of-Directors-of-Enhabit-Inc.html
The SIFI designation process has had a direct effect on many agents and brokers in the life and annuity markets, by pushing MetLife Inc. to spin off its life and annuity business as a separate entity, Brighthouse Financial.
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www.thinkadvisor.com
http://www.thinkadvisor.com/2017/04/21/insurers-get-180-days-of-sifi-designation-relief
STELLARTON, NS, Feb. 13, 2014 /CNW/ - Sobeys Inc. today announced that binding purchase and sale agreements have been entered into with Overwaitea Food Group ("Overwaitea") and Federated Co-operatives Limited on behalf of the Co-operative Retailing System ("Co-op"), that will see Sobeys sell 22 of the 23 stores it is r...
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www.newswire.ca
https://www.newswire.ca/news-releases/sobeys-inc-to-sell-30-stores-in-western-canada-513736021.html
Yandex said the deal had received regulatory approval. Measures introduced in late December stipulate that asset sales are permitted provided a 50% discount is given to the buyer following an independent valuation. Yandex did not mention any discount. Uber could not immediately be reached for comment. (Reporting by Ale...
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theprint.in
https://theprint.in/tech/russias-yandex-buys-ubers-stake-in-taxi-jv-for-703-million/1532439/
Accordingly, CQCIL has now ceased to be a subsidiary of the company with effect from November 14, 2023 In March this year, Cipla announced that it had inked a pact with Africa Capitalworks to sell the 51.18 per cent stake in Cipla Quality Chemical Industries Ltd.
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www.devdiscourse.com
https://www.devdiscourse.com/article/business/2713601-cipla-completes-stake-sale-in-uganda-based-unit
"The fund will support Alibaba's strategy of investing for future growth and continuing to develop our technology ecosystem". Also, Tsai informed everyone that the Alibaba Partnership will give Zhang the distinguished title of "Aliren Emeritus". In a statement, Alibaba's spokesperson informed everyone that "Alibaba's n...
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www.ecommercenext.org
https://www.ecommercenext.org/alibabas-former-ceo-daniel-zhang-steps-down-from-cloud-unit-in-shock-move
"While we are open to considering a variety of strategic options for our linear businesses, at this time The Walt Disney Company has made no decision with respect to the divestiture of ABC or any other property and any report to that effect is unfounded," a Disney spokesperson said in response to the report.
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nypost.com
https://nypost.com/2023/09/19/disney-stock-falls-after-it-unveils-plan-to-double-theme-park-spending
"The restructuring plan addresses Aldar's liquidity issues for the medium term, after that it will depend on whether the company's recurring income operations pick up," said Jad Abbas, EFG-Hermes real estate analyst. "We do not rule out a second round of government transactions to support Aldar beyond 2013." A Reuters ...
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www.brecorder.com
https://www.brecorder.com/news/3840203/middle-east-markets-kuwait-banks-hit-27-month-high-201101261148148
Johnson & Johnson remains dedicated to combating cardiovascular disease through its electrophysiology business, Biosense Webster, in the Medical Devices segment, and its leading cardiovascular medicine, XARELTO®, in the Pharmaceutical segment.
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www.benzinga.com
http://www.benzinga.com/pressreleases/15/10/n5885640/johnson-johnson-announces-completion-of-cordis-divestiture-to-cardinal-
While CNPE did not mention state-run Petroleo Brasileiro, known as Petrobras, by name, the company has announced a plan to sell off eight refineries in a process that it has said could fetch some $15 billion. Roberto Castello Branco, the chief executive of Petrobras, has said it is important that no regional refining m...
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www.oedigital.com
https://www.oedigital.com/news/466043-brazil-sets-parameters-for-mega-oil-auction
The revamp has culminated in parent Daimler AG's plan to spin off its truck operation this year, the most significant strategic move since the company sold off Chrysler.
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topauto.co.za
https://topauto.co.za/news/9506/mercedes-benzs-new-electric-sedan-to-raise-the-bar
The final news roundup of the week includes the latest tower asset sale, details of Intel's best ever sales performance, and the demise of an IoT specialist. Having already sold a 49% stake in its towers business in Finland and Norway to investment firm Brookfield and pension fund Alecta, Telia has now sold a 49% stake...
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www.telecomtv.com
https://www.telecomtv.com/content/access-evolution/what-s-up-with-telia-intel-sigfox-43472
In other news, Airtel Africa plans to spin off its Airtel money by end of 2022 according to Vimal Kumar, Airtel Money CEO exclusive interview with Quartz Africa.
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khusoko.com
https://khusoko.com/2022/01/08/airtel-africa-sales-tanzanian-tower-assets-for-176-1-mn
In the first half to June it sold its shareholder loan in ATC Ghana to American Tower Corp for 900 million rand and its interests in investment fund Amadeus and booking website Travelstart for 1.2 billion rand, the firm said in a statement.
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www.africanews.com
https://www.africanews.com/2019/08/08/mtn-raises-140-mln-from-divestment-plan
This innovative business model enables DMCI Homes to generate revenue not only from unit sales but also from rental income. Buyers can utilize their units as vacation homes while benefiting from a share in the rental revenue, helping offset the cost of ownership. DMCI Homes president Alfredo R. Rustia said DMCI Homes L...
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bilyonaryo.com
https://bilyonaryo.com/2023/06/13/unlocking-new-opportunities-consunjis-venture-into-leisure-condotel-township-markets/property"
Berlin, July 21, (dpa-AFX/GNA) – Daimler reported a turnaround to profit for the second quarter, reflecting strong revenue growth. The company's Q2 net profit was 3.70 billion euros (4.36 billion dollars) compared to a loss of 1.91 billion euros incurred a year ago. On a per share basis, earnings totalled 3.36 euros co...
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gna.org.gh
https://gna.org.gh/2021/07/daimler-swings-to-profit-in-second-quarter
A big development is likely on the cards regarding Dabur India. Promoters of this Fast Moving Consumer Goods (FMCG) company are expected to increase their stakes in Eveready and get management control. Zee Business Executive Editor Swati Khandelwal tells more on this big breaking news
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www.zeebiz.com
https://www.zeebiz.com/companies/news-exclusive-dabur-promoters-to-buy-controlling-stake-in-eveready-7-pct-stake-sale-by-khaitan-family-sources-say-143289
• Yesterday, Samsung Electronics ' board was expected to respond to a restructuring plan, proposed by activist investor Elliott Management, which would split the group into a holding company and an operating company. Instead of reaching a decision, Samsung instead announced it would review the proposal, a process that ...
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fortune.com
http://fortune.com/2016/11/29/term-sheet-tuesday-november-29
Segment leader, Red Bull had a 7.5% increase in dollar sales to $3.4 billion. In the No. 2 spot, Monster Energy (owned by Corona, Calif.-based Monster Beverage Corp.) was up 2.2% in dollar sales to $1.2 billion while the company's Monster Energy Zero Ultra (in the No. 8 spot) saw dollar sales dramatically increase 689%...
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www.dairyfoods.com
https://www.dairyfoods.com/articles/90299-sales-of-energy-drinks-are-not-so-energetic
Tribune executives were unavailable for comment. Broad did not return a phone call from the Register, nor did former Los Angeles Times publisher Austin Beutner, who was recently fired by Tribune amid rumors that he was pushing a Broad bid. Late Friday, media analyst Ken Doctor, citing confidential sources, wrote in Pol...
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www.ocregister.com
https://www.ocregister.com/2015/11/28/murdoch-tweet-saying-the-la-times-will-be-sold-to-billionaire-eli-broad-stokes-speculation
Further, Vereniging Aegon, the company's largest stakeholder agreed to cancel all preferred share holdings. If approved by shareholders, this move will simplify AEGON 's capital structure. AEGON will end its life, health and pension joint venture with Unnim Banc. Consequently, it will divest its 50% holding to Unnim fo...
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finance.yahoo.com
https://finance.yahoo.com/news/aegon-strong-buy-205332973.html
Agree Realty (NYSE: ADC) has completed its public offering of 5,060,000 shares of common stock, including the underwriters' full exercise of their option. The company entered into forward sale agreements with Citibank and Wells Fargo Bank at $74.00 per share, less underwriting fees. The settlement is expected by Decemb...
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www.stocktitan.net
https://www.stocktitan.net/news/ADC/agree-realty-announces-exercise-of-underwriters-option-and-closing-i44ydycpibnu.html
Deloitte said Friday it's still not possible to determine how much of Virgin Australia's debt can be recovered, though more details will come in a report to creditors that's due before the end of August. Shareholders, though, will probably get nothing, Deloitte said. Virgin Australia was almost entirely owned by four f...
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fortune.com
https://fortune.com/2020/06/25/bain-capital-virgina-australia/?xid=soc_socialflow_twitter_FORTUNE
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey pulled off one of the most complicated sales—the disinvestment of the government's stake in Air India—in 2021. In 2022, Pandey will be in focus again, spearheading the government's privatisation drive with full force. He will lead...
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www.businesstoday.in
https://www.businesstoday.in/magazine/spotlight/story/tuhin-kanta-pandey-spearheading-the-privatisation-drive-319014-2022-01-13
Intuit 's ( INTU 0.38% ) sales of its popular TurboTax Online software climbed 29% on a year-over-year basis in the Jan. 30-March 16 period. According to the company's figures, that version of the storied tax preparation product totaled nearly 12.7 million units, more than double that of its more traditional TurboTax D...
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www.fool.com
https://www.fool.com/investing/general/2013/03/25/intuit-says-turbotax-online-sales-grow-nearly.aspx
Toronto-based Brookfield Renewable Partners (TSX:BEP.U)( NYSE:BEP ) is set to sell its wind power assets for a total of $1.4 billion in two isolated deals. The two concerned companies are Florida-based NextEra Energy Partners LP and Orsted – a Denmark-based multinational power company.
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www.fool.ca
https://www.fool.ca/2021/05/02/is-now-the-time-for-this-top-tsx-renewables-play-to-be-divesting
The company, which will be spun off later this year, will encompass the Cendant Timeshare Resort Group (to be renamed Wyndham Vacation Ownership), which includes Fairfield Resorts and Trendwest Resorts, as well as the Cendant Hotel Group (to be dubbed the Wyndham Hotel Group), which includes such brands as Fairfield, R...
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www.travelweekly.com
https://www.travelweekly.com/Travel-News/Hotel-News/Cendant-names-future-hospitality-spin-off-Wyndham-Worldwide
Intel ( NAS: INTC ) and Microsoft ( NAS: MSFT ) led the Dow's tumble, falling 2.7% and 1.7%, respectively. Intel hit a new 52-week low as Bernstein Research cut its rating to underperform, saying that recent revenue growth was due more to a price increase than to an increase in unit sales, as PC sales have been weak. T...
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www.aol.com
https://www.aol.com/2012/10/09/one-reason-the-dow-stumbled
CBA shares rose as much as 0.5 percent in morning trade while the broader Australian market was down 0.7 percent. It was rare respite for CBA shareholders, with the stock down 9 percent since the money-laundering allegations broke on Aug. 3. The CommInsure sale is part of a broader trend of asset sales across Australia...
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uk.investing.com
https://uk.investing.com/news/stock-market-news/australias-cba-to-sell-life-insurance-unit-to-aia-group-for-3-billion-513950
When it came to generating profits last year, no U.S. company was better than ExxonMobil Corp. ( XOM ), No. 23 on the latest BusinessWeek 50 list of America's top-performing companies. In 2003, the world's largest oil company racked up record earnings of $21.5 billion, up 91% from 2002, on revenue of $246.7 billion. In...
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www.bloomberg.com
http://www.bloomberg.com/bw/stories/2004-04-04/online-extra-why-exxonmobil-makes-bets-early
BlackRock currently holds stakes of between 1% and 3% in each of these companies, with a total estimated value of over $260 million -- which isn't a huge chunk of change for BlackRock. Further, national governments generally own large stakes in them, so the direct financial impacts to the companies from BlackRock's div...
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www.fool.com
https://www.fool.com/investing/2020/02/14/how-big-a-deal-is-blackrocks-sustainable-investing.aspx
Though Mellon Financial Corp. has spent the last two years getting out of traditional banking, it says it still views its remaining retail components — private wealth management and Dreyfus Corp. — as keys to its growth picture. In recent months, Mellon has stressed that the December divestitures of its retail banking ...
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www.financial-planning.com
https://www.financial-planning.com/news/retail-still-means-growth-at-slimmed-down-mellon
Without divestitures, NRG would have difficulty pursuing its plan to double output at the South Texas Project, the state's largest nuclear plant, by 2,700 megawatts by 2016. Crane said they would need to sell somewhere between 3,000 megawatts and 5,000 megawatts of generation in the state. NRG shares closed up 36 cents...
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www.cnbc.com
https://www.cnbc.com/2008/05/22/nrg-energy-makes-hostile-bid-for-calpine.html
Hindustan Unilever (HUL) announced its intention to demerge its ice-cream business into a separate, independently listed entity. The move, which aims to unlock value and foster focused growth, has received in-principle approval from the company's board. The proposed demerger is designed to provide the ice-cream busines...
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agronfoodprocessing.com
https://agronfoodprocessing.com/hul-to-spin-off-ice-cream-business-into-independent-listed-entity
He thinks Google should spin off each of its businesses into separately traded entities. " Everybody knows that the best thing for Google is to break it up, except for Google," he said. According to Luria's analysis, which used company earnings reports from Alphabet and rivals, Google's individual businesses would be v...
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finance.yahoo.com
https://finance.yahoo.com/news/google-needs-big-bang-breakup-that-would-value-its-businesses-at-37-trillion-as-ai-threatens-search-analyst-171143842.html
Yeung believes that even after including the prospect of an affordable iPhone, unit sales may end up being roughly flat through the end of the year. The analyst cites checks with Apple suppliers, saying that many of them expect negative revisions to Apple's build plans. There's also a risk that the iPhone 5S may see a ...
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www.fool.com
https://www.fool.com/investing/general/2013/06/07/why-apple-missed-out-this-morning.aspx
"We are satisfied that the Court upheld our right of first offer and right of first refusal, which prevents Just for Laughs from selling to a third party on terms more favourable than its offer to us in respect of our right of first offer. We also note that Justice Paquette found that Quebecor did not act in bad faith ...
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www.newswire.ca
https://www.newswire.ca/news-releases/quebecor-responds-to-judgement-in-just-for-laughs-case-673849463.html
NITI Aayog has identified six airports – in Trichy, Indore, Bhubaneswar, Varanasi, Amritsar and Raipur – for asset monetisation. The govt think tank hopes this will fetch the government Rs 15,000 crore while transmission lines of Power Grid Corporation, when sold in two tranches at an interval of six months, will help ...
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www.timesnownews.com
https://www.timesnownews.com/business-economy/economy/article/govt-plans-to-raise-rs-89000-crore-through-asset-sale-to-offset-revenue-loss-from-corporate-tax-cut/498624
Univar's president and CEO, David Jukes, said: "Today's announcement marks the conclusion of our strategic review for Nexeo's Plastics Business and enables us to concentrate our energy on the core chemical distribution business and the abundant value creation opportunities from the Nexeo Solutions and Univar combinatio...
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markets.businessinsider.com
https://markets.businessinsider.com/news/stocks/univar-and-nexeo-solutions-announce-divestiture-of-nexeo-s-plastics-distribution-business-to-one-rock-capital-partners-1027936161
BRE Properties, Inc. ( BRE ) – an apartment real estate investment trust (:REIT) – announced the divestiture of 2 communities – Summerwind Townhomes and Arcadia Cove – in Los Angeles and Phoenix, respectively. The properties that were sold last month reflect the company's strategy of offloading non-core assets and usin...
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finance.yahoo.com
http://finance.yahoo.com/news/bre-offloads-two-assets-221002939.html
Coming back to the best-selling cars in November, Maruti Suzuki Alto retained the top position with 23,320 unit sales and was followed by Maruti's Dzire, Wagon R and Swift. Baleno, the premium hatchback from the house of Maruti, rounded off the top 5 with sales of 11,093 units. Another Maruti model in the top 10 list i...
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www.ibtimes.co.in
https://www.ibtimes.co.in/tata-tiago-makes-it-top-10-selling-cars-november-2016-706763
Companies including conglomerate Macquarie Group, insurer Suncorp Group Ltd and wealth manager AMP Ltd have cut their exposure to the sector in the last five years.
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whbl.com
https://whbl.com/2021/08/08/westpac-exits-life-insurance-with-660-million-unit-sale-to-japans-dai-ichi
BLD delivered a trailing four-quarter earnings surprise of 14.1%, on average. Shares of the company have risen 50.2% in the past year. The Zacks Consensus Estimate for BLD's 2023 sales and EPS indicates growth of 3.3% and 8.4%, respectively, from the previous year's reported levels. Fluor currently sports a Zacks Rank ...
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www.zacks.com
https://www.zacks.com/stock/news/2157034/vse-corporation-vsec-bcp-jointly-aborts-fds-divestiture
The initial calls for a meeting came from shareholders holding a combined 32% of Hollysys shares. The group's size has grown since then, and now holders of about 46% of the company's shares want such a meeting, the Recco consortium said in a statement on Monday, urging Hollysys to "move forward with a transparent and g...
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thebambooworks.com
https://thebambooworks.com/bidding-war-for-hollysys-leaves-shareholders-demanding-more-input
Standard Life will sell its 1.78% stake in HDFC Life Insurance The Standard Life (Mauritius Holdings) will sell its stake of 1.78% in HDFC Life Insurance Company for Rs 1,404 crore. The sale process will happen in two slots, first for non-retail investors and second for retail investors. The reason behind this move is ...
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affairscloud.com
https://affairscloud.com/current-affairs-may-8-2019
The assets sold also include the Red Butte pipeline, a 570-mile pipeline that is the only export line in the area. The effective date of this transaction is Jan. 1, 2016, and closing is expected mid-year 2016. In separate transactions, Marathon Oil has signed agreements for the sale of its 10 percent working interest i...
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theenergyrepublic.com
https://theenergyrepublic.com/marathon-oil-divest-950-million-non-core-assets
Hence, more customers are opting for the petrol variant as it has all the features," adding "We do not know yet, if the Ignis has been discontinued temporarily. We have approached Maruti Suzuki for a comment but have not received any communication from the car maker yet." Notably, Ignis was launched in January 2017 and...
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www.zeebiz.com
https://www.zeebiz.com/automobile/news-want-to-buy-maruti-suzuki-ignis-diesel-well-you-cant-this-is-why-50968
The fact that Valeant is considering selling Salix — one of its few high-margin, high-growth divisions — at a substantial discount suggests "non-core" divestitures won't save Valeant from its debt woes. Similarly, the eye-surgery unit is part of Valeant's once-untouchable Bausch & Lomb division. The fact it's also up f...
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financialpost.com
https://financialpost.com/investing/valeant-pharmaceuticals-international-needs-to-do-a-lot-more-than-just-cry-wolf-on-asset-sales-gadfly
Calgary, Alberta-based Enbridge, which has been under pressure to sell noncore assets and reduce its debt, said in May it would buy its independent units including Spectra Energy Partners and Enbridge Energy Partners as well as its pipeline assets and bring them under a single listed entity. RELATED: Enbridge Tackles D...
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www.hartenergy.com
https://www.hartenergy.com/news/enbridge-sell-some-businesses-brookfield-infrastructure-partners-117610
In an economy where many companies are splitting up, including Marathon Oil, ConocoPhillips ( NYS: COP ), and Kraft Foods, this break-up doesn't come as a surprise. ConocoPhillips split into two publicly traded companies in July and plans to spin off its refining and marketing business by early 2012. Since Tyco's three...
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www.aol.com
https://www.aol.com/2011/11/08/more-on-tycos-break-up
This morning the healthcare landscape restructures further as Novartis AG announced that it will purchase GlaxoSmithKline plc's cancer-drug business for $14.5 billion and will sell most of its vaccine business to GSK for $7.1 billion plus royalties. Simultaneously, Novartis announced the sale of its animal health divis...
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www.forbes.com
http://www.forbes.com/sites/stephenbrozak/2014/04/22/pharmaceutical-activism-and-restructuring-breaks-open-courtesy-of-bill-ackman
Financing for AI Initiatives : A ruling unfavorable to Meta may require the divestiture of such key platforms as Instagram and WhatsApp. This would in itself disrupt the pay-as-you-go connected infrastructure on which Meta's AI research and development have often been founded and may hold significant development back.
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www.analyticsinsight.net
https://www.analyticsinsight.net/artificial-intelligence/ftcs-meta-antitrust-action-a-blow-to-ai-innovation
Following the divestiture of DMG, we expect management to allocate a sizable portion of the $4.9 billion in cash proceeds toward debt reduction, leaving our 2019 leverage estimate near 3 times. However, DaVita leases nearly all its dialysis clinics, creating an off-balance-sheet operating lease obligation totaling roug...
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www.morningstar.com
https://www.morningstar.com/personal-finance/dominance-dialysis-digs-davita-moat
The Centre, along with LIC, plans to divest a 61% stake in IDBI Bank. The Centre is looking for an asset valuer to conduct the valuation and the final date to submit bids is October 30, 2023. As part of the disinvestment plan, the Centre will offload a 30.48% stake in the lender, while the Life Insurance Corporation of...
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www.fortuneindia.com
https://www.fortuneindia.com/enterprise/idbi-bank-has-120-properties-deferred-tax-assets-worth-11520-cr-says-dipam/114464
January 202 1 China Evergrande New Energy Vehicle Group Ltd raises $3.4 billion by bringing in six new investors. March 2021 Evergrande sells a $2.10 billion stake in online real estate and automobile marketplace Fangchebao to 17 investors in a pre-IPO deal. It aims to meet its three debt-ratio caps by year-end, list F...
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www.brecorder.com
https://www.brecorder.com/news/40138353/china-evergrandes-snowballing-debt-crisis
Carvana's growth doesn't end there. It is ramping up its program to buy vehicles directly from consumers, which could prove more lucrative for the company, and expanding its financing and services business. For context, 2019 guidance calls for retail unit sales from 165,000 to 170,000, but management aims to grow its r...
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finance.yahoo.com
https://finance.yahoo.com/news/3-high-growth-stocks-could-162600022.html?.tsrc=rss
3: PVH outlines restructuring plan for Calvin Klein US apparel giant PVH Corp is shaking up its Calvin Klein business, including streamlining its North America division – and has updated its outlook for the rest of its financial year.
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www.just-style.com
https://www.just-style.com/news/top-stories-on-just-style-in-january
As per the roadmap, 10 per cent stake each would be diluted in Engineers India Ltd (EIL), NALCO, NMDC and Indian Oil Corporation (IOC). As much as 15 per cent stake would be up for sale in National Fertilizers Ltd (NFL), Hindustan Copper Ltd (HCL), India Tourism and Development Corp (ITDC), State Trading Corp (STC) and...
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www.rediff.com
https://www.rediff.com/money/report/govt-lines-up-12-psus-for-stake-sale-in-2015-16-/20150413.htm
Despite BHP Billiton's spin off and sale of about $15 billion of unwanted assets over the last three years, the biggest miner remains saddled with a portfolio of even harder-to-shift rejects. A total of nine assets — from a US thermal coal mine to UK oil and gas platforms — haven't made the cut for a new slimmed-down p...
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www.moneyweb.co.za
https://www.moneyweb.co.za/mineweb/mining-companies-investment/bhp-left-with-2-8bn-of-reject-assets-after-spinoff-2/
Dominion Energy has announced the completion of the the sale of the majority of its gas transmission and storage assets to Berkshire Hathaway Energy, an affiliate of Berkshire Hathaway.
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www.nsenergybusiness.com
https://www.nsenergybusiness.com/news/dominion-energy-storage-assets-berkshire-hathaway
The company noted that various acquisitions, including the $2.35bn purchase of cyber security provider Duo Security in August, provided an 80-bpt boost to 1Q19 results. Looking ahead to 2Q19, Cisco said it now expects adjusted earnings of USc71-USc73/share on 5%-7% YoY revenue growth, or $12.48bn to $12.72bn, while ana...
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anchorcapital.co.za
https://anchorcapital.co.za/global-research/cisco-systems-1q19-results-beat-on-top-and-bottom-line
Third hatchback on the list is Maruti Suzuki Baleno with 9,112 unit sales in December 2024. The Baleno is powered by - a 1.2-litre NA petrol engine paired with a 5-speed manual or an AMT.
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timesofindia.indiatimes.com
https://timesofindia.indiatimes.com/auto/web-stories/highest-selling-hatchbacks-in-december-2024-tata-tiago-new-maruti-swift-and-more/photostory/117475247.cms
With the deal expected to conclude during this quarter, it will mark the REIT's ninth asset sale in 16 months, with the manager having raised roughly S$450 million ($332 million) through the divestments. The asset sales are part of ESR-Logos REIT's strategy to dispose of non-core assets and focus on building a quality ...
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www.mingtiandi.com
https://www.mingtiandi.com/real-estate/esr-logos-reit-selling-melbourne-shed-to-australias-fife-capital-for-43m
Bharti Airtel has decided to cancel its plans to sell a majority stake in India's second-largest towerco Bharti Infratel. India's largest mobile operator elected instead to sell or transfer 21.63% of its equity in Infratel to its Nettle Infrastructure Investments unit or other potential investor. Bharti Airtel (NSE:BHA...
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connectivitybusiness.com
https://connectivitybusiness.com/news/strategy-markets/bharti-airtel-forgoes-controlling-stake-sale-towerco-bharti-infratel
Teck Resources ( NYSE: TECK ) has been going through significant changes over the past years, with the most impactful one probably being their divestiture of the met coal business that finished more than one year ago. Nowadays, Teck is focusing
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seekingalpha.com
https://seekingalpha.com/article/4812932-teck-resources-stock-from-coal-to-copper-and-beyond-hold-for-now
AAPL Apple 4Q20 earnings Apple 1Q21 guidance Apple 1Q21 earnings AAPL 4Q20 Apple Watch sales AirPods sales iPad and Mac unit sales Apple earnings Neil Cybart Apple estimates
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www.aboveavalon.com
https://www.aboveavalon.com/dailypremiumupdate/2020/10/27/apple-4q20-earnings-preview-first-half
SpiceJet has been making losses for the last four years. Recently, aviation regulator DGCA asked the airline to operate not more than 50 percent of its flights for eight weeks. The regulator's action came after the airline's planes were involved in multiple incidents.
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www.businessoutreach.in
https://www.businessoutreach.in/spicejet-eyes-possible-stake-sale-to-raise-up-to-rs-2000-crore
Oil and gas company Hess Corporation 's ( HES ) share price dropped 0.7% on the announcement that it has inked an agreement with an undisclosed third party to divest about 74,000 acres of its dry gas acreage in the Utica Shale. The transaction is valued at $924 million. Around two-thirds of the transaction amount is an...
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finance.yahoo.com
https://finance.yahoo.com/news/hess-divest-utica-acres-924m-231004552.html?soc_src=mediacontentstory
Pirate Capital, which recently bought up about 5 percent of Outback's parent company OSI Restaurant Partners, has opened up a public campaign to force the company and its founder Chris Sullivan to spin off or sell several valuable chains including Carrabba's Italian Grill, Bonefish Grill and Fleming's steakhouse.
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nypost.com
https://nypost.com/2006/06/07/fund-has-a-beef-outback-targeted
Meanwhile, Seabridge's Castle Black Rock property, which consists of 125 unpatented claims, is located in Esmeralda Country, Nevada. A resource report from 2009 estimated 14.68 million tonnes of inferred resources at the Castle Zone, at a grade of 0.454 grams per tonne of gold, using a 0.25 g/t cut-off. Golden Predator...
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www.proactiveinvestors.co.uk
https://www.proactiveinvestors.co.uk/companies/news/78225/kea-petroleum-surrenders-mercury-after-farm-out-process-fails-78225.html
Iconic Italian motorcycle brand Ducati is attracting interest from private equity firms and motorcycle makers as owner Volkswagen AG considers a sale, people familiar with the matter said. Buyout firms such as Permira and CVC Capital Partners and companies in the industry including Hero MotoCorp Ltd. are weighing bids,...
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www.financialexpress.com
https://www.financialexpress.com/industry/hero-motocorp-royal-enfield-interested-in-buying-iconic-italian-motorcycle-brand-ducati-sources/679269
In January, the unit secured a 115 million-euro, three-year credit facility from Tikehau Capital, securing the firm's financial independence less than two months after the crisis erupted. Steinhoff won support from a majority of creditors in July to restructure its 9.4 billion euros of debt, stabilizing its finances. T...
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www.moneyweb.co.za
https://www.moneyweb.co.za/news/companies-and-deals/steinhoff-is-said-to-consider-sale-of-907m-properties
"This transaction is likely to be a landmark case, and which will give way to case law in the media and television markets." PPU had been providing counsel on the case since May 2018. Commenting on the acquisition, which closed on March 20, 2019, Robert A. Iger, Chairman and Chief Executive Officer at The Walt Disney C...
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thelatinamericanlawyer.com
https://thelatinamericanlawyer.com/ppu-acts-for-21st-century-fox-in-71bn-sale-to-walt-disney
It shares fell as much as 24 percent on Tuesday. The company lamented on Tuesday that implementing the plan would need funds and creditor support, which is does not have. "In order to ramp-up the Talvivaara group's mining operations to full scale, a significant amount of new financing for the operative activities is re...
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www.moneyweb.co.za
https://www.moneyweb.co.za/mineweb/energy/talvivaara-gets-debt-cut-plan-but-still-lacks-financing/
A sale process would mark the culmination of a challenging year for Alimera. Its stock price has declined by more than one-half in 2015, in part reflecting difficulties persuading physicians to adopt one of its flagship drugs, Iluvien, which treats fluid accumulation in the retina.
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www.pharmafocusasia.com
https://www.pharmafocusasia.com/news/eye-drug-company-alimera-sciences-mulls-sale
Narrow-moat Fidelity National Information Services FIS had previously announced its intention to spin off its Worldpay merchant acquiring operations, but it has now agreed to sell a majority stake to private equity firm GTCR instead. GTCR will take a 55% stake at a $17.5 billion valuation, with potentially another $1 b...
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www.morningstar.com
https://www.morningstar.com/stocks/fis-announces-deal-sell-majority-stake-worldpay