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The deal will see the transfer of management of more than 1,100 customer investment portfolios by the end of October 2017. Managing director of personal banking and small business at Danske Bank Richard Caldwell said the sale agreement took place after a "strategic review looking at anticipated future costs and regulatory change". "It became clear the best way forward for our customers was to have support in this area from a specialist wealth management company," he said. "Moving forward Danske Bank will continue to invest in and grow its core personal and business banking operati... | forward | www.investmentweek.co.uk | https://www.investmentweek.co.uk/investment-week/news/3013475/davy-acquires-gbp500m-danske-bank-wealth-management-business |
The Finance Ministry has invited proposals from merchant bankers and selling brokers for offloading 10 per cent of its stake in oil refining-cum-marketing major, Indian Oil Corporation. Currently, the Centre owns 68.57 per cent in the company. Earlier this month, the Ministry initiated inter-ministerial consultations for the government's stake dilution in Indian Oil. Ministries have been asked to give their comments by January 27, after which a final call will be taken. The government also intends to disinvest 5 per cent stake in BHEL and 10 per cent in NALCO. It has invited bids for appointment of merchant bankers and selling brokers for both the companies. Published on January 22, 2015 | forward | www.thehindubusinessline.com | https://www.thehindubusinessline.com/markets/stock-markets/indian-oil-stake-sale-bankers-to-give-proposals/article6812179.ece |
Starbucks shares currently trade above their historical multiples, according to TD Cowen's assessment. The analysts have modeled mid-term EPS approximately 10% below the consensus, suggesting a more cautious outlook on the company's financial performance in the coming years. The new price target of $90.00 represents TD Cowen's adjusted expectation for the stock's value, taking into account the various risks and challenges that may impact Starbucks' future earnings and market position. In other recent news, Starbucks Corporation has been actively engaging in strategic initiatives and facing operational challenges. The company reported net revenue of approximately $740 million in China for the quarter ending in March, amidst growing competition from local coffee chains. Starbucks has initiated a process to explore options for its China operations, including a potential stake sale, as part of its efforts to revamp its presence in the crucial market. | forward | in.investing.com | https://in.investing.com/news/analyst-ratings/td-cowen-cuts-starbucks-stock-rating-to-hold-sets-90-target-93CH-4852659 |
On its last earnings call, management also stated that supply-chain and transportation challenges, along with isolated labor shortages, continue to restrict the company's ability to fully cater to demand, especially in the pet food business. SJM anticipates net sales to be down 0.5%-1.5% year over year in fiscal 2022. The net sales view reflects an impact of $431.8 million associated with the Crisco, Natural Balance, private label dry pet food and natural beverage and grains businesses divestiture. Adjusted earnings per share (EPS) for fiscal 2022 are envisioned in the range of $8.35-$8.65. The guidance reflects a timing lag related to the increased net price realization and continued cost inflation. Also, the view includes adjustments to the fourth quarter for recently sold businesses, elevated costs and supply-chain woes. However, the company is benefiting from the revival of the Away from Home division. | forward | www.nasdaq.com | https://www.nasdaq.com/articles/things-to-note-as-j.m.-smucker-sjm-lines-up-for-q4-earnings?amp |
At BlackRock's annual meeting of shareholders CEO Larry Fink was confronted with a question by CFACT on the highly controversial use of ESG scoring (Environmental, Social, and Governance) by the investing giant. CFACT asked: "Oklahoma just enacted a law requiring the Treasurer to divest from firms that are boycotting energy companies due to ESG standards. How does BlackRock plan to adjust its over-reliance on ESG scoring as more and more states prohibit ESG investing?" In his answer, Fink repeatedly stated that "clients choose how to invest their money," and went on to say, "I've always stated we are against divestiture," referring to attempts by those on the Left to divest from fossil fuel companies and their interests. Rather, BlackRock plays a "critical role in the energy transition" which "has to be fair and just," Fink said. He added that BlackRock "has no policy prohibiting or restricting investment in energy companies." | not-forward | www.cfact.org | https://www.cfact.org/2022/05/29/blackrock-ceo-larry-fink-responds-to-cfact-question-at-shareholders-meeting |
With billions spent on hardware, software, and services each year, the enterprise Unix market can support more than one major player. Sun Microsystems Inc. is top dog with a commanding lead in unit sales, revenue and mind share. Hewlett-Packard Co.'s expertise in health care and scientific communities keep the company in the top three, but that advantage isn't ironclad, especially up against Sun's ruthless sales force. To overcome the inertia of its flagship OS, HP has opted to open up HP-UX to allow the best of both worlds: Linux's populist appeal and HP's bullet-proof, if staid, image to create HP-UX 11i, Hewlett-Packard's most ambitious operating system to date. On the hardware front, HP joined forces with Intel Corp. to create the Itanium, a 64-bit processor that the companies hope will shape the future of open systems. | forward | www.itworldcanada.com | https://www.itworldcanada.com/article/hp-shifts-its-unix-strategy/31211 |
An owner of medical office buildings is merging with another to create a $10 billion company. In other health care industry news, a digital mental health start up gets funding and a spinout of a gene-therapy company looks troubled. The Wall Street Journal: Healthcare Realty Trust Nears Deal With Healthcare Trust Of America Healthcare Trust of America Inc., which owns and operates medical-office buildings around the country, is in advanced talks to combine with smaller rival Healthcare Realty Trust Inc. in a deal that could create a company worth more than $10 billion. A cash-and-stock deal could be finalized by early next week, people familiar with the matter said, though the talks could still fall apart. Details of the potential transaction couldn't be learned. The expected move would culminate a monthslong sale process run by Healthcare Trust of America. | forward | kffhealthnews.org | https://kffhealthnews.org/morning-briefing/friday-february-25-2022 |
This development comes on the heels of Warner Bros. Discovery's June announcement of a strategic plan to split into two separate public companies by mid-2026. The planned separation will create a "Streaming & Studios" unit, led by CEO David Zaslav, and a "Global Networks" division. | forward | www.benzinga.com | https://www.benzinga.com/trading-ideas/movers/25/07/46199715/warner-bros-discovery-wbd-stock-slides-on-major-stake-sale |
On Thursday, Redfin announced a partnership with Opendoor, allowing home sellers in Phoenix and Atlanta to request an Opendoor iBuyer offer directly through Redfin's website, where homeowners can request an instant offer as part of their home sale process, Arounian said. | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/wedbush-applauds-redfins-partnership-opendoor-182745681.html |
We use operating days to measure the aggregate number of days in a relevant period during which vessels are actually available to generate revenue. CEO Commentary Edward Buttery, the Chief Executive Officer, commented: "In addition to continuing to reduce debt through select asset sales, significant steps were taken to enhance the profile of the Grindrod fleet during the period as we strike a balance between deleveraging while maintaining a core, modern fleet of predominantly Japanese geared bulk carriers. Furthermore, those asset sales have resulted in surplus cash for distribution to shareholders. | not-forward | www.globenewswire.com | https://www.globenewswire.com/en/news-release/2023/09/05/2737875/0/en/Grindrod-Shipping-Holdings-Ltd-Announces-Unaudited-Financial-Results-for-the-Three-Months-and-Six-Months-Ended-June-30-2023.html |
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved the proposed sale of Nigerian Agip Oil Company Ltd (NAOC Ltd), Eni's wholly-owned subsidiary focusing on onshore oil and gas exploration and production in Nigeria, as well as power generation, to Oando PLC. The regulator has also given the green light to Equinor to sell its Nigerian business to Project Odinmim, NUPRC chief executive Gbenga Komolafe said at an industry event in Nigeria. | forward | oilprice.com | https://oilprice.com/Latest-Energy-News/World-News/Nigerias-Regulator-Approves-Equinors-and-Enis-Oil-Asset-Sales.html |
Cadbury Schweppes has received about a dozen expressions of interest in its U.S. drinks business, a source close to the sale process said on Friday, raising hopes the sale price could top forecasts. Shares in the world's largest confectionery maker were up 3.3% at 695.5 pence to value the Trident chewing gum and Dairy Milk chocolate maker at 14.6 billion pounds ($29 billion), having set a record high at 707.5 pence. British-based Cadbury unveiled plans in March to split its sweets and drinks units, fuelling speculation at the time of a 7 billion pounds sale of its beverages business. The Daily Telegraph newspaper reported on Friday two private equity consortiums were preparing 8 billion pound bids for Cadbury's U.S. drinks business which includes Dr Pepper and Snapple. Cadbury would not comment on the report. "There are considerably more (interested parties) than in the Daily Telegraph report, about 12," the source told Reuters. | forward | www.cnbc.com | https://www.cnbc.com/2007/05/18/12-parties-compete-for-cadburys-us-drinks-business.html |
5. World Fuel Services Corp. recently announced plans to buy Universal Weather and Aviation's UVair fuel business. The deal, worth $170 million (part of which will be paid over three years), will be financed through cash-on-hand and liquidity via the company's existing unsecured credit facility. | forward | www.zacks.com | https://www.zacks.com/stock/news/492989/oil-amp-gas-stock-roundup-technipfmcs-spinoff-kinder-morgans-asset-sale-amp-more/?art_rec=quote-stock_overview-zacks_news-ID01-txt-492989 |
Although the deal marks the exit of Telstra from the country, it is speculated that the divestiture could trigger a move by the Australian-based giant to make a bid for Telecom NZ – a deal which would almost certainly be blocked if Telstra still owned TelstraClear. "Telecom would have a very, very difficult time moving forward with a strengthened Vodafone. That may further build the case for an integration of Telecom NZ and Telstra," Australia-based telecoms consultant Paul Budde told Reuters. | forward | www.mobileworldlive.com | https://www.mobileworldlive.com/vodafone/vodafone-buys-nz-fixed-line-player-takes-on-incumbent |
The group obtained provisional approval in July for a usd 14.7 billion settlement to US buyers of some Audi and Volkswagen diesel vehicles, putting one important element of the fallout behind it. But risks remain from other legal cases dragging on in the US and Germany, where prosecutors have broadened their investigation into the diesel emissions cheating. VW shares fell by just over two percent in early trading on the Frankfurt stock exchange in response to the result. [related-post] The full second-quarter figures come one week after a provisional release of better-than expected results for the first six months of 2016. Today's figures were boosted by higher unit sales of luxury models from Audi and Porsche and mid-range Skoda over the first half of the year. But the group's core Volkswagen-branded vehicles saw a decline of almost one percent in sales in the six months from January to June compared with the same period in 2015. | not-forward | www.financialexpress.com | https://www.financialexpress.com/industry/volkswagen-says-net-profit-falls-57-in-second-quarter/331665 |
"Subject to consultation, it is our intention to offer a voluntary scheme in order to minimize any involuntary redundancies. Whilst it is Kyndryl's policy to offer statutory minimum redundancy payments, any voluntary separations where initiated by Kyndryl will be on prevailing Kyndryl terms at the time of offering," A Kyndryl statement was quoted as saying. | forward | wraltechwire.com | https://wraltechwire.com/2023/03/30/layoffs-hit-ibm-spinoff-kyndryl-triggering-memories-of-big-blue-job-cuts |
Given his long history of rather exuberant public appearances, it seems fair to assume that most days are pretty good days to be Alibaba executive chairman Jack Ma. But as this week closes out, it seems it is probably a particularly good time to be Jack Ma. Coming off the big Olympic sponsorship deal announcement last week, Alibaba and Ant Financial both made big headlines this week — by outpacing analyst expectations for earnings and a big acquisition announcement, respectively. | not-forward | www.pymnts.com | https://www.pymnts.com/sizzlefizzle/2017/jack-mas-sizzling-week-and-quarter-too |
BALA CYNWYD, Pa., Nov. 14, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Teavana Holdings, Inc. ("Teavana" or the "Company") (NYSE- TEA-News) relating to the proposed acquisition by Starbucks Corporation ("Starbucks"). Under the terms of the transaction, Teavana shareholders will receive only $15.50 in cash for each share of Teavana stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Teavana for not acting in the Company's shareholders' best interests in connection with the sale process to Starbucks. The transaction may undervalue the Company and will result in no substantial gain or even a loss for many Teavana shareholders. For example Teavana stock traded at $28.38 on August 2, 2011 and $17.36 as recently as May 25, 2012. In addition, an analyst has set a price target for Teavana stock at $24.00 per share. | not-forward | www.prnewswire.com | http://www.prnewswire.com/news-releases/law-office-of-brodsky--smith-llc-announces-investigation-of-teavana-holdings-inc-179406691.html |
[KUALA LUMPUR] Malaysia has scrapped a plan to find a potential buyer for 1Malaysia Development Bhd's energy business as the government said it remains focused on an initial public offering for the unit of the state investment company. A week after CIMB Group Holdings Bhd announced its appointment by the Ministry of Finance to run a "competitive" sale process for Edra Global Energy Bhd, the lender said in a statement on Wednesday that it had been informed its services are no longer required. Edra is proceeding with plans to submit an application to list on the Malaysian stock exchange, the finance ministry said in a separate statement. "This remains the preferred course of action for the monetization of these assets," the finance ministry said. | forward | www.businesstimes.com.sg | http://www.businesstimes.com.sg/government-economy/malaysia-scraps-plan-to-find-investors-for-1mdbs-energy-unit |
More than a month after saying it would combine with WarnerMedia, creating a streaming and linear content giant called Warner Bros. Discovery with annual revenue of more than $43 billion, market reaction to Discovery Inc. has been tepid at best, with its stock dropping 26% from a high of $39.70 each on May 17 to $29.51 on June 23. At the same time, AT&T stock, which was up about 11% since the Feb. 25 plan to spin off DirecTV -- has fallen 15% from a high of $33.81 on May 17 to $28.65 on June 23. | not-forward | www.nexttv.com | https://www.nexttv.com/news/warner-bros-discovery-is-no-streaming-powerhouse-yet-analyst-says |
HAMILTON, Bermuda, April 1, 2014 (GLOBE NEWSWIRE) -- Enstar Group Limited ("Enstar") (Nasdaq:ESGR) and Stone Point Capital LLC ("Stone Point") announced today that they had completed the previously announced acquisition of Torus Insurance Holdings Limited ("Torus"). Torus is an A- rated global specialty insurer with six wholly owned insurance vehicles, including Lloyd's Syndicate 1301. The purchasing entity is indirectly owned 60% by an Enstar subsidiary and 40% by Trident V, L.P. and its affiliated co-investment funds (the "Trident V funds"), which are managed by Stone Point. Enstar contributed approximately $45.2 million in cash and 1,898,326 of its ordinary voting shares and 714,015 newly created non-voting preferred shares towards the purchase price and related transaction expenses, with the Trident V funds contributing approximately $260.8 million in cash through their equity co-investment. | not-forward | www.globenewswire.com | http://www.globenewswire.com/news-release/2014/04/01/623397/10074853/en/Enstar-Group-Limited-and-Stone-Point-Capital-Announce-Completion-of-Torus-Insurance-Holdings-Limited-Acquisition.html |
Last Friday, General Electric said the planned merger between rail-transport company Wabtec and GE Transportation, a business unit of GE, has been revised. Under the new terms of the deal, GE will spin off a portion of GE Transportation to GE shareholders and immediately thereafter merge GE Transportation into a wholly owned subsidiary of Wabtec by the end of February 2019. | forward | www.businessinsider.com | https://www.businessinsider.com/general-electric-stock-price-dash-for-cash-steals-value-shareholders-2019-1 |
Vectorsgi - which has applications installed each of the top 10, and 41 of the top 50 financial institutions in the US - will become a wholly owned subsidiary of Metavante Corporation, with existing management continuing in their positions. The aggregate cash purchase price is $100 million, with up to an additional $35 million to be paid based on meeting certain performance criteria. The transaction is expected to close next month. M&I plans to issue approximately $150 million of common stock in the fourth quarter of 2004 in order to maintain its capital at desired levels. | forward | www.finextra.com | https://www.finextra.com/newsarticle/12697/metavante-looks-to-imaging-with-vectorsgi-acquisition |
BIRMINGHAM, Ala/ — August 20, 2018 — Motion Industries Inc., a leading distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Company (GPC), is saddened to announce the sudden passing of its President and CEO Tim Breen. | not-forward | www.textileworld.com | https://www.textileworld.com/textile-world/people/2018/08/motion-industries-announces-the-death-of-president-ceo-tim-breen |
In June 2018, then-CEO John Flannery announced that GE was going to spin off GE Healthcare, the company's well-run healthcare unit. This was a double-edged sword for investors, as GE Healthcare had some of the best margins of any unit in the company -- only standout GE Aviation's were higher. Spinning it off meant that those margins -- not to mention the unit's assets -- would be gone forever. | forward | www.fool.com | https://www.fool.com/investing/2019/02/25/timesensitive-has-general-electric-officially-turn.aspx?source=iedfolrf0000001 |
FortisBC employs more than 2,200 British Columbians and serves approximately 1.1 million customers in more than 135 B.C. communities. FortisBC is indirectly wholly owned by Fortis Inc., the largest investor-owned distribution utility in Canada. FortisBC owns and operates four regulated hydroelectric generating plants, approximately 7,000 kilometres of transmission and distribution power lines and approximately 47,000 kilometres of natural gas transmission and distribution pipelines. FortisBC Inc., FortisBC Energy Inc., FortisBC Energy (Vancouver Island) Inc., and FortisBC Energy (Whistler) Inc. do business as FortisBC. Fortis Inc. shares are listed on the Toronto Stock Exchange and trade under the symbol FTS. | not-forward | www.newswire.ca | https://www.newswire.ca/news-releases/most-fortisbc-natural-gas-customers-to-benefit-from-decreasing-natural-gas-commodity-rates-512957951.html |
Forged Composite Crown Callaway has been working with Forged Composite™ -- an advanced carbon fibre material -- for more than four years. Using this patented, lightweight material in the crown of the driver, which weighs only 12.1 grams and is the lightest crown in golf, allows Callaway engineers to precisely position saved weight to achieve the lowest CG in any fully adjustable driver. This Lower CG promotes higher ball speed and less spin off the tee for more distance. | not-forward | www.golfshake.com | https://www.golfshake.com/news/view/4867/new_callaway_razr_fit_xtreme_driver.html |
"As a result, the automotive group sector has positive momentum ahead of its spin-off in September." Continental's tire group had sales of $3.7 billion in the second quarter, down 2% from a year ago. Adjusted EBIT was $454 million, down 19.5%, with a margin of 12%. The company attributed the declines to U.S. tariff increases, currency exchange rates and other factors. Through the first half of the year, tire sales were up less than 1% to $7.6 billion and adjusted EBIT was down 3.1% to $971 million, with a margin of 12.7%. The company noted that its tires in June were voted "Quality Winner 2025" following a survey of some 45,000 German consumers by the German Institute for Service Quality (DISQ) in collaboration with news channel n-tv. Continental's ContiTech group had sales of $1.76 billion, down 6.4%, for the quarter due to decreased industrial activity, the company said. Adjusted EBIT was $102.9 million, reflecting a 22% decline; margin was 5.8%. | forward | www.tirebusiness.com | https://www.tirebusiness.com/financial/continental-sales-dip-company-readies-spinoff |
Analysts had been looking for 76 cents per share, according to Refinitiv. It projects second-quarter sales will rise between 10% and 15% from 2019 levels. L Brands has said the split will allow both of its brands to better focus on growth and have greater financial flexibility to adapt to a changing retail landscape. It had been contemplating either a spinoff or a sale but said the spinoff ended up being the best option for the business to fetch the highest value. | forward | www.cnbc.com | https://www.cnbc.com/2021/05/19/victorias-secret-parent-l-brands-lb-q1-2021-earnings.html |
Yesterday, semiconductor chip manufacturer Cavium Inc. announced the completion of the takeover of QLogic Corp. Following the buyout, QLogic will now function as a wholly owned subsidiary of Cavium and will be delisted from Nasdaq. Cavium is a relatively small player in the semiconductor space. With the acquisition of QLogic, the company is looking to expand its datacenter and storage business and widen its clientele. As noted earlier by Cavium, the combined company will generate $900 million in LTM revenues with $45 million of cost synergies to be achieved by 2017. | forward | www.zacks.com | https://www.zacks.com/stock/news/228350/cavium-cavm-concludes-136-billion-takeover-of-qlogic/?art_rec=blog-analyst_blog-up_next-ID01-img-228350 |
BHP Billiton Limited (ADR) has simplified its business by jettisoning some of its smaller operations via a spin off. That's great for BHP, but what does it mean for shareholders? If early trading in South32 is any indication, it might not be such a good thing. At least for now. | not-forward | www.foxbusiness.com | https://www.foxbusiness.com/markets/bhp-billiton-ltd-what-to-do-with-the-south32-spin-off |
WARSAW, Ind., Oct. 8, 2025 /PRNewswire/ -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, and Paragon 28, a wholly owned subsidiary, today announced the full commercial launch of two innovative solutions for complex foot and ankle trauma to offer surgeons advanced tools to address challenging pilon fractures and hindfoot injuries with precision and efficiency. | not-forward | www.thebesttimes.com | https://www.thebesttimes.com/financial/zimmer-biomet-launches-two-new-foot-and-ankle-solutions-for-complex-trauma-cases/article_bb69cd5d-ac8a-5e82-a709-e94ec127c878.html |
This TAP compound is wholly owned by ImmunoGen and is in clinical testing for the treatment of multiple myeloma, small-cell lung cancer, Merkel cell carcinoma, and ovarian cancer. IMGN901 has been granted orphan drug designation for the first three of these cancers in the US and in Europe. About ImmunoGen, Inc. ImmunoGen, Inc. develops targeted anticancer therapeutics using the Company's expertise in tumor biology, monoclonal antibodies, potent cancer-cell killing agents, and engineered linkers. The Company's TAP technology uses monoclonal antibodies to deliver one of ImmunoGen's proprietary cancer-cell killing agents specifically to tumor cells. There are currently six TAP compounds in the clinic, with a wealth of clinical data reported with the technology. | not-forward | news.abbvie.com | https://news.abbvie.com/2011-06-05-ImmunoGen,-Inc-Announces-Positive-Clinical-Data-Presented-on-IMGN901-in-the-Treatment-of-Multiple-Myeloma |
"We're coming out of that, though, we're actually recovering from that dysfunction. And you're seeing that in the quarterly results. So the timing is basically perfect right now." In May, Maple Leaf announced a profit in its first quarter compared with a loss a year earlier as pork markets improved. The transaction, which is also subject to shareholder approval, is expected to be completed in 2025. Shares in Maple Leaf closed up almost nine per cent Tuesday on the Toronto Stock Exchange at $24.40. This report by The Canadian Press was first published July 9, 2024. | forward | www.cp24.com | https://www.cp24.com/mobile/news/maple-leaf-foods-to-spin-off-pork-business-into-new-public-company-1.6956720/?cache=yesclipId10406200text/html;charset=utf-80404/7.516026/7.331944 |
Compass Diversified Holdings ( (CODI) ) has provided an announcement. Ryan J. Faulkingham has stepped down as the CFO of Compass Group Diversified Holdings LLC and from his trustee role at Compass Diversified Holdings, effective August 30, 2024. His termination, without cause, led to the signing of a Separation Agreement on September 12, 2024, entitling him to his due salary, vacation pay, unreimbursed expenses, a year's salary, and the previous year's bonus, totaling $1.075 million. Additionally, he'll receive health coverage reimbursement until December 2025 or until he finds new employment. In exchange, Faulkingham will assist with the transition for 60 days and has waived most claims against his former employers. Find detailed analytics on CODI stock on TipRanks' Stock Analysis page. | not-forward | www.tipranks.com | https://www.tipranks.com/news/company-announcements/compass-diversified-cfo-faulkingham-steps-down-signs-separation-agreement |
Organigram Holdings Inc. is a NASDAQ Global Select Market and TSX listed company whose wholly owned subsidiaries include: Organigram Inc., a licensed producer of cannabis and cannabis-derived products in Canada and The Edibles and Infusions Corporation, a licensed manufacturer of cannabis-infused soft chews and candy in Canada. | not-forward | www.benzinga.com | https://www.benzinga.com/pressreleases/21/11/b24086067/organigram-to-report-fourth-quarter-and-full-year-fiscal-2021-results-on-november-23-2021 |
SAN JOSE, Calif., February 05, 2024 --( BUSINESS WIRE )--SJW Group (NYSE: SJW) announced today that its wholly owned subsidiary, San Jose Water Company, along with three other California water utilities (the "Joint Parties") received a letter dated Feb. 2, 2024, from the Executive Director of the California Public Utilities Commission ("CPUC") granting the Joint Parties' request to defer their scheduled 2024 Cost of Capital ("COC") filings to May 1, 2025. | forward | uk.finance.yahoo.com | https://uk.finance.yahoo.com/news/sjw-group-announces-deferral-san-140200072.html |
Chrysler's big profits at the time, coupled with the zeal of Daimler-Benz's chief executive, Jürgen E. Schrempp, to create a global automotive giant, attracted the German luxury-car maker's most senior officers to Chrysler's glitzy headquarters in Auburn Hills, where Mr. Eaton was eager to cut a deal. The executives' confidence in the future of the combined company meant that dozens of pages of documents creating the merger contained no separation agreement — a prenuptial without provisions for a divorce. | not-forward | www.starnewsonline.com | https://www.starnewsonline.com/story/news/2007/02/25/back-at-the-brink-chrysler-finds-fewer-friends/30294994007 |
Staley said he doesn't believe Diamond has the "financial capability" to buy the entire unit. Diamond resigned in 2012 amid public and government pressure after the bank was fined 290 million pounds ($411 million) for rigging Libor interest rates. He's now building a banking franchise in sub-Saharan Africa through Atlas Mara and owns eight banks in seven countries. The British firm bought South African bank Absa in 2005 and three years ago the Johannesburg-based unit acquired its parent's operations in eight African nations, giving Barclays a presence in 12 countries on the continent with 12 million customers. 'Won't Rest' Staley rebuffed calls from analysts and investors to exit or spin off Barclays's under-performing investment bank, seen as the main culprit for the two-year slide in shares, calling such demands "shortsighted" earlier this month. | not-forward | www.moneyweb.co.za | https://www.moneyweb.co.za/news/companies-and-deals/barclays-seeing-strong-interest-in-africa-unit-staley-says |
Some innovations in the Fuji-Xerox transaction raise issues for the future. Although the transaction was clearly a strategic acquisition by Fuji of Xerox, no merger transaction was proposed. Instead, the two sides entered, on January 31, 2018, into (i) a Redemption Agreement pursuant to which their joint venture (Fuji-Xerox Co., Ltd, a Japanese company) redeemed for cash Fuji's 75 percent stake in it, thereby making it a wholly owned subsidiary of Xerox, and (ii) a Subscription Agreement pursuant to which Fuji purchased 50.1 percent of the outstanding shares of Xerox for the same cash price paid by Xerox under the Redemption Agreement. | not-forward | clsbluesky.law.columbia.edu | https://clsbluesky.law.columbia.edu/2018/05/21/the-lessons-of-xerox-is-new-york-law-now-tougher-than-delawares |
The European Commission fines Meta Platforms €797.72 million for unfair practices related to Facebook Marketplace. Meta intends to appeal the decision but will comply in the interim. The Commission alleges that Meta tied Facebook Marketplace to its social network unfairly. | not-forward | www.biz360.tv | https://www.biz360.tv/eu-slaps-meta-with-797-million-fine-for-unfair-practices-linked-to-facebook-marketplace |
Japanese farm equipment maker Kubota has identified Africa as a growth market for low-cost tractors. It aims to sell 5000 tractors a year by 2028 making an expected annual revenue of around US$75m. The move comes less than a year after the firm acquired a well-established farm and commercial vehicle-maker Escorts whose brands – Farmtrac and Powertrac – are sold widely Nigeria, Angola, Burkina Faso, Egypt, and Tanzania. Kubota, which established a subsidiary in 2017 in Kenya has been struggling to gain a significant market share for its tractors in Africa mostly due to the higher price point. But now with the acquisition of the Indian tractor firm, Kubota hopes to be able to sell tractors at a price that African farmers can afford. India, which has emerged as a major automobile manufacturing base for automobiles, can produce tractors 30% cheaper than Japan thanks to its lower wage and input costs. | forward | www.ntu.edu.sg | https://www.ntu.edu.sg/cas/news-events/news/details/japanese-farm-equipment-maker-to-make-usd75m-a-year-selling-low-cost-tractors-in-africa |
While Hyundai has been an outperformer in an industry battered by the global downturn, investors are concerned about the South Korean firm's go-slow strategy on expanding capacity. Hyundai has not announced plans for a new plant for at least two years, as it focuses on brand and quality rather than aggressively chasing market share – but this has left it short of cars to sell into a recovering U.S. market, where Japanese rivals have muscled back in, as well as in emerging markets such as India. n a summary note this week, Standard & Poor's forecast Hyundai and Kia would lose global market share by 2014. Hyundai, led by founding family member Chung Mong-koo, bucked an industry slump in Europe and drove up sales in China as Japanese rivals were hit by a popular backlash in the islands dispute. On a conference call following the results, Lee said Hyundai had benefited from the row between China and Japan, and would report higher-than-expected sales in China, the world's biggest market, this year. | forward | www.financialmirror.com | https://www.financialmirror.com/2012/10/25/hyundai-with-affiliate-kia-motors-is-the-worlds-fifth-biggest-car-maker |
They allege furt her that McAfee employs "numerous artifices" and "artful conceal[ment]" to "trick McAfee site users into believing that clicking on the popup will simply permit them to download the McAfee software they purchased rather than actually purchasing software from Arpu." FAC ¶¶ 33. Plaintiffs assert causes of action under the California Unfair Competition Law, Cal. Bus. & Profs. Code § 17200 et seq., the California Consumers Legal Remedies Act, Cal. Civ. Code § 1750 | not-forward | www.scribd.com | http://www.scribd.com/doc/38982961/ferrington-v-mcafee-inc-n-d-cal-oct-5-2010 |
Read More Whowould win a World Cup for energysavings? Many observers assumed Tencent had blocked Alipay to boost usage of its competing online payments engine Tenpay, a charge Tencent denies. Tenpay has struggled to gain market share amid Alipay's dominance of online payment – estimated by Beijing internet company iResearch at 50 per cent against Tenpay's 20 per cent. The lively exchange escalated to a war of words in which Alipay derided Tencent's explanation for the outage as "bullshit" on its official Weibo feed. | not-forward | www.cnbc.com | http://www.cnbc.com/2014/06/23/china-net-spat-stops-world-cup-bets.html |
In the case of dark pools, "large investors … would be wary of real-time reporting that could reveal their activity to other traders," Adam Sussman, partner at the Tabb Group, said in a Tabb Forum article in May. In addition, how dark pool volume is collected might distort the final numbers and some see it as an internal company matter and trade secret not to be divulged outside the firm. Exchanges Lobbying for More Market Share In the meantime, traditional stock exchanges are reacting to the threat dark pools pose to their businesses. The chief executives of the three largest U.S. exchanges, Duncan Niederauer of the New York Stock Exchange Euronext (NYX), Robert Greifeld of the Nasdaq OMX Group (NDAQ), and Joe Ratterman of Bats Global Markets Inc. (BATS), joined forces in an effort to improve the competitive environment and restrict dark pool operators. | not-forward | www.theepochtimes.com | https://www.theepochtimes.com/regulators-challenge-dark-pool-traders_114686.html |
For instance, if an emulator copied a title or linked to sites where players could download pirated games, that would constitute copyright infringement. Or if an emulator disabled its game encryption or "technical protection measures," that would violate Japan's Unfair Competition Prevention Act. Nishiura explained that it's because of the subsequent illegal application of emulators that Nintendo is focused on fighting emulation creators like Yuzu - not just to protect its own IP, but that of other developers who produce games for Nintendo hardware, too. Earlier today, Nintendo revealed its first official look at the Switch 2, confirming that the console will release in 2025. | forward | www.gamesindustry.biz | https://www.gamesindustry.biz/nintendo-patent-attorney-clarifies-companys-zero-tolerance-position-on-emulation |
The latest downgrade from HSBC echoed bearish recent notes from other banks, many of whom have also warned that Apple risks losing market share in China amid the hostile U.S.-China trade environment. "We do not know yet if the retail price of the iPhone will increase in the U.S. However, we see the tariffs impacting Apple's MacBook component costs,'' Rosenblatt Securities said. Apple was the biggest loser among the 30 Dow stocks and was responsible 43 points of the Dow's decline. It also contributednearly 25 points to the Nasdaq-100 index's 1.4% decline. The shares are trading nearly 22% below their 52-week high of $233.47 reached on Oct. 3. Related Articles Commercial property no threat to U.S. expansion: Nareit economist Wall St. pressured as Huawei fallout worries spark tech sell-off GM says most new vehicles to get over-the-air upgrade tech by 2023 | not-forward | finance.yahoo.com | https://finance.yahoo.com/amphtml/news/stockbeat-apple-slumps-analysts-warn-132300009.html |
Baidu's only real rival is Alibaba 's (NYSE: BABA) Shenma, which currently controls 15% of the market. Other rivals -- like Qihoo 360 's Haosou and Sohu 's Sogou -- hold single-digit market shares. | not-forward | www.foxbusiness.com | https://www.foxbusiness.com/markets/how-baidu-is-stacking-the-deck-against-the-competition |
The research shows that Thai people consume an average of 54 packets of instant noodles per person annually. Popular brands in Thailand include MAMA, Wai Wai, Yum Yum, Nongshim, and Nissin. These companies collectively account for over 90% of the market share. | not-forward | thethaiger.com | https://thethaiger.com/news/national/thailand-ranks-9th-in-global-instant-noodle-consumption |
Both Mitsubishi UFJ and Morgan Stanley have been winning market share in the investment banking sector of Japan since they joined hands 5 years ago. The channel for acquisitions and mergers of Japanese companies has increased greatly to 30% in 2016, according to Nakamura. He also said that the deals valuing more than 1 billion US dollar will grow since more firms are looking for acquisitions in foreign lands and at the same time merging at home. | forward | www.vcpost.com | https://www.vcpost.com/articles/115870/20160208/morgan-stanley-increase-staffs-japan.htm |
This revision came from AMD's slower-than-anticipated AI market progress, despite expansions in its market share in the PC and server sectors. This also raises doubts regarding Advanced Micro Devices Inc.'s (NASDAQ:AMD) projected AI revenue for 2026 and 2027. Show less | forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/12-best-stocks-under-100-to-buy-according-to-hedge-funds-1512248/2 |
Take Cuba for example, where the Government controls the domestic market, but Souza Cruz (a subsidiary of British American Tobacco) and Tabacalera (a subsidiary of Imperial Tobacco) each have an important stake in Cuban tobacco's foreign currency and international businesses through joint venture arrangements with the government-owned Cubatabaco. 4 In Thailand, the SOTC dominates the industry but multinational companies compete for market share especially at the 'premium' end of the market 5 —presumably limiting the government's capacity to align interests. Even in China where there is an effective monopoly, Marlboro cigarettes are produced by CNTC under license with Philip Morris International. 6 This kind of contractual arrangement could affect an SOTC's options. How then would the 'interest alignment' framework work in each of these very different contexts, especially taking into account the complex web of vested interests in which the tobacco industry operates in many countries? | not-forward | tobaccocontrol.bmj.com | http://tobaccocontrol.bmj.com/content/early/2015/10/05/tobaccocontrol-2015-052594 |
NEW DELHI (Reuters) - SpiceJet Ltd, India's fourth-biggest airline by domestic market share, reported a record quarterly net loss, hit by high fuel prices and a weaker local currency. SpiceJet, controlled by billionaire Kalanithi Maran's Sun Group, said net loss was 5.59 billion rupees for its fiscal second quarter to September 30, compared with a net loss of 1.64 billion rupees a year earlier. The quarterly loss was higher than its previous worst quarterly loss of 3.27 billion rupees reported for the September quarter of 2008, according to Thomson Reuters data. SpiceJet and rivals such as Jet Airways operate in a country where provincial taxes make jet fuel among the world's most expensive. They also have to contend with a rupee trading near a record low, raising costs which are mostly denominated in dollars. | not-forward | www.business-standard.com | https://www.business-standard.com/amp/article/reuters/spicejet-posts-record-quarterly-loss-of-90-million-113110701033_1.html |
Intel's a classic case of what happens when you get too comfortable at the top. After years of leading the pack, they underestimated the rise of ARM, TSMC, and AMD. Instead of evolving, Intel clung to x86 and delayed key fab investments. Meanwhile, AMD and NVIDIA leaned into modern architectures and AI. Now, Intel's feeling the heat. Now the pressure is on as Intel's stock keeps falling and chip shipments dropped more than 1.8%, hitting their lowest market share since Citi started tracking the industry in 2002. | not-forward | thegadgetflow.com | https://thegadgetflow.com/blog/computex-2025-highlights |
"The market is currently assuming Telstra maintains a dominant market share position in fixed-line broadband and mobile into perpetuity, but that could prove optimistic," said Citigroup analyst Tim Smeallie, who said a break-up could push the share price down to A$3.70. Telstra, under Chief Executive Sol Trujillo, has taken a combative stance on regulation and is suing the government in two separate cases, one over funding to arch rival Optus. Macquarie Equities analyst Andrew Levy said a break-up would be a negative for Telstra, but not devastating, with the biggest impact likely to be on the firm's five-year overhaul plan. | forward | www.cnbc.com | https://www.cnbc.com/2007/10/04/australia-government-mulls-breakup-of-telstra.html |
Woes at Hanjin Shipping, South Korea's largest sea container shipping firm and the world's seventh-biggest with a 2.9 per cent market share, are derailing the supply chains of companies that need to send goods well in advance of the year's biggest shopping season as Thanksgiving and Christmas holidays approach. TVs, cars and trainers sail about 10 days to reach Los Angeles from Asia while they could take as many as 30 days to Rotterdam. Hanjin Shipping owns 59 of the 132 container and bulk ships in its fleet. | not-forward | www.thenationalnews.com | https://www.thenationalnews.com/business/tvs-and-trainers-stranded-at-sea-with-global-shipper-locked-out-of-ports-1.187467 |
Leveraging on DStv Now and Showmax MultiChoice operates Showmax in Africa and, combined with its DStv Now offering, has a strong position in the streaming market. | not-forward | tech.africa | https://tech.africa/netflix-unfair-advantage-dstv-mawela |
"Every single one of the services that are either in the market today or are announced are doing business with us on an original production basis, so we are in clear demand," Bakish told CNBC's David Faber on " Squawk Alley " Tuesday. The streaming sector is becoming a crowded space with Netflix holding large market share and other new streaming launches from Apple, Disney, HBO and Comcast on the horizon. But Bakish said he is not worried about the competition because ViacomCBS is a major supplier of content to the streaming companies like Netflix. | not-forward | www.cnbc.com | https://www.cnbc.com/2019/09/17/viacom-ceo-says-new-streaming-services-boosting-demand.html |
Mukesh Ambani 's Reliance Industries has over 1,200 fuel pumps across the country, most of which it reopened rapidly after the government began gradual deregulation of diesel prices in 2014. The company has a license to open up to 5,000 fuel pumps. Meanwhile, British oil major BP Plc has an in-principle approval to open 3,500 retail fuel stations in India. Another smaller private competitor Shell had 83 fuel pumps in operation at the end of December last year. However, this is not the first time the private companies are betting big on fuel retailing. Private retailers including Essar Oil and Reliance Industries, who had gained about 6% market share of fuel retailing industry by 2004 with 1,840 outlets, had started closing down the fuel pumps after the government's intervention to control rapidly rising fuel prices in 2005. Their share fell to a mere 1% by 2010. However, buoyed by the deregulation of the fuel prices in 2010, the private retailers again began ramping up their retail presence. | not-forward | www.financialexpress.com | http://www.financialexpress.com/market/commodities/rosneft-buys-essar-oil-eyes-india-retail-fuel-petrol-diesel-market-usd-13-billion/731230 |
MISSISSAUGA, Ontario, Feb. 6, 2012 /CNW/ - Valeant Pharmaceuticals International, Inc. (NYSE: VRX andTSX: VRX ) today announced that it has completed the divestiture of 1% clindamycin and 5% benzoyl peroxide gel (IDP-111), a generic version of Benzaclin, and 5% fluorouracil cream, (5-FU), an authorized generic of Efudex, to Mylan Inc. (Nasdaq: MYL). This action was required under the consent order issued by the Federal Trade Commission (FTC) as part of the acquisition of Dermik, a dermatology unit of Sanofi (EURONEXT: SAN and NYSE: SNY), which was completed in December 2011. About Valeant Pharmaceuticals International, Inc. Valeant Pharmaceuticals International, Inc. (NYSE/TSX: VRX ) is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology and branded generics. | not-forward | www.newswire.ca | https://www.newswire.ca/news-releases/valeant-pharmaceuticals-completes-divestiture-of-generic-dermatology-products-to-mylan-509566481.html |
"Cooper Tire & Rubber Co. Europe Ltd (CTE) is engaged in advanced discussions with a third-party company on a potential agreement regarding some of the assets used in the manufacturing and sale of certain motorsport tyres under the names 'Avon Motorsport' and 'Avon Racing'. We are looking to conclude these discussions soon and will be able to provide further details once discussions have closed." | forward | www.tyrepress.com | https://www.tyrepress.com/2024/01/goodyear-in-advanced-discussions-on-avon-motorsport-tyre-asset-sale |
"Over the past year, we have taken decisive actions to realign our cost structure and strengthen our operations," said Gregg Lowe, Chief Executive Officer of Wolfspeed. "Despite workforce reductions, site consolidations, and the transition of our device business to a 200 mm SiC fabrication facility, global market dynamics and our significant debt load have made a comprehensive restructuring necessary to secure our long-term viability." Key factors influencing the decision include: "Filing under Chapter 11 will provide us the appropriate framework to implement an equitable restructuring plan supported by most of our creditors," added Lowe. "This step allows us to continue serving our customers without interruption, invest in our highest-value technologies, and emerge as a stronger, more competitive company." | forward | anysilicon.com | https://anysilicon.com/wolfspeed-prepares-to-file-for-bankruptcy-within-weeks |
These forward-looking statements represent Vontier's beliefs and assumptions only as of the date of this release and Vontier does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise. We exclude the effect of acquisitions and certain divestiture-related items because the nature, size and number of such transactions can vary dramatically from period to period and between us and our peers. We exclude the effect of currency translation and certain other items from core sales because these items are either not under management's control or relate to items not directly correlated to core sales growth. | not-forward | www.benzinga.com | https://www.benzinga.com/pressreleases/23/05/b32207146/vontier-reports-strong-first-quarter-2023-results-and-raises-full-year-guidance |
Now that it has become public that SHELL Petroleum Development Company (SPDC) of Nigeria has concluded plans to sell four of its oil fields in Nigeria (OMLs 18, 24, 25, 29 and the Nembe Creek Trunk Line), precisely in SPDC's Eastern Operations of Rivers and Bayelsa States Nigeria, as part of its $15 billion global divestment plan which Shell Officials in The Hague have officially signed, we consider it necessary to rightly advise the relevant authorities of Shell to engages host community locals as ' partners' to share directly in the oil and gas bounty of their coast. Mutiu Sunmonu, Country Chair, Shell Companies in Nigeria and SPDC MD | forward | reformeronline.com | https://reformeronline.com/shell-to-sell-four-more-oil-fields-in-nigeria-the-need-to-engage-indigenous-host-locals-as-partners-of-assets-sold |
Pirc urges Xstrata investors to reject Glencore bid: One of Britain's leading shareholder advisory groups has urged Xstrata investors to reject the commodities trader Glencore's $33 billion (21 billion) takeover offer. Bank safety plans not enough, UK Economy Chief warns: The man in charge of Britain's financial stability has warned MPs that current plans to make banks safer don't go far enough and said they may need to be threatened with compulsory break up to force their compliance. Axe poised over 7,000 jobs in Iberia restructuring plan: Iberia, the Spanish airline that merged with British Airways to become International Airlines Group (IAG) last year, is to axe up to 7,000 jobs, Union Bosses have warned. | forward | www.proactiveinvestors.co.uk | http://www.proactiveinvestors.co.uk/columns/fox-davies-capital/9686/alecto-minerals-solgold-vane-minerals-gemfields-and-others-feature-in-fox-davies-newsflash-9686.html |
Saudi Arabia's sovereign wealth fund finalised the terms of a $10 billion loan it's seeking to raise from a group of banks, according to people familiar with the matter. The Public Investment Fund will pay 30 basis points over the London Interbank Offered Rate for the bridge loan — less than half the rate of its first borrowing, the people said, asking not to be identified because the information is private. The financing will have a one-year tenor with an option to extend by an additional 12 months, they said. The fund received more than $20 billion of offers from the banks, the people said. The loan will provide some liquidity for the PIF ahead of its Saudi Basic Industries Corp. stake sale, said one of the people. A spokesman for the PIF declined to comment. The fund was seeking to raise as much as $8 billion when it started talks with lenders in April, people said at the time. The PIF will repay the loan with the $70.1 billion it will get from the sale of its 70% holding in Sabic to Saudi Aramco. | forward | www.energyvoice.com | https://www.energyvoice.com/oilandgas/middle-east/206339/saudi-sovereign-wealth-fund-finalises-terms-on-10-billion-loan" |
The company recently closed asset sales in Canada, the Republic of Congo and Alaska, progressed the acquisition of Hess Corporation, and announced a target of $2-3 billion of structural cost reductions by the end of 2026. | forward | www.wallstreet-online.de | https://www.wallstreet-online.de/nachricht/18953976-chevron-reports-fourth-quarter-2024-results |
The proposed combination would create the 4th largest global OEM in terms of unit sales (8.7 million vehicles), with combined revenues of nearly €170 billion 1 and recurring operating profit of over €11 billion 2 on a simple aggregated basis of 2018 results excluding Magneti Marelli and Faurecia. The significant value accretion resulting from the transaction is estimated to be approximately €3.7 billion in annual run-rate synergies derived principally from a more efficient allocation of resources for large-scale investments in vehicle platforms, powertrain and technology and from the enhanced purchasing capability inherent in the combined group's new scale. These synergy estimates are not based on any plant closures. | forward | www.prnewswire.com | https://www.prnewswire.com/news-releases/groupe-psa-and-fca-plan-to-join-forces-to-build-a-world-leader-for-a-new-era-in-sustainable-mobility-300948934.html |
RBS must sell a majority stake in Direct Line Group by the end of next year, and divest of the entire company by the end of 2014. Direct Line Group, which has 4.2 million personal motor policies and 4.3 million home insurer policies in force, should be worth around £3 billion, according to analysts. The announcement comes just over a week after Direct Line Group announced proposals to axe nearly 900 roles and close a site in the North East. | forward | www.walesonline.co.uk | https://www.walesonline.co.uk/business/business-news/rbs-set-put-two-insurance-2059905 |
AOL Time Warner this week sold its 8.4 percent stake in Hughes Electronics for around $800 million. AOL sold the stake in Hughes–parent of DirecTV, Hughes Network Systems, and PanAmSat [SPOT]–in a block trade to Bank of America, which is expected to resell the shares on the open market, according to the Wall Street Journal. The media giant needs to shed $26 billion in debt, and has been looking at asset sales, including its book publishing division and other non-core assets. | not-forward | www.satellitetoday.com | https://www.satellitetoday.com/uncategorized/2003/01/30/aol-time-warner-sells-hughes-stake |
UBS Securities, ICICI Securities and Kotak Mahindra Capital have also been selected for the job, according to sources. As many as 14 merchant bankers made presentations yesterday before the Department of Disinvestment, under the ministry, for managing the ONGC stake sale. Shares of ONGC were trading at Rs 415, down 3.21 per cent over previous close, on the BSE. At the current market price, the 5 per cent stake sale or over 42 crore shares, would fetch over Rs 17,000 crore (Rs 170 billion) to the exchequer. | forward | www.rediff.com | http://www.rediff.com/money/report/citi-hsbc-among-5-bankers-to-manage-ongc-share-sale/20140826.htm |
Fellow big oil behemoth Chevron ( CVX 0.91% ) also plans to launch an expanded asset sales program following its pending acquisition of Hess. With a stronger portfolio after closing the deal, the company plans to sell $10 billion to $15 billion in assets through 2028. It intends to sell some assets that will be highly attractive to other companies. Chevron can part with them because it has higher-quality assets in its upgraded portfolio. | forward | www.fool.com | https://www.fool.com/investing/2024/08/29/after-closing-a-60-billion-acquisition-exxonmobil |
After receiving approval from competent authority, the company has closed the sale of its 86.95% interest in Offshore Block CA 1 in Brunei to Royal Dutch Shell Plc. Apart from TOTAL, Murphy Oil ( MUR - Free Report ) and Petronas were the operators in the block, holding 8.05% and 5% interest, respectively. The company has signed an agreement to sell marketing and services businesses in Liberia and Sierra Leone to Conex Oil & Gas Holdings Ltd. Factors Impacting the Oil and Gas Industry The novel coronavirus has spread globally and forced governments across the globe to introduce different degrees of lockdown, which has adversely impacted transportation, manufacturing and commercial activities, in turn lowering the demand for crude oil and its prices. | not-forward | www.zacks.com | https://www.zacks.com/stock/news/861061/total-advances-divestment-goal-plans-to-sell-400m-assets?cid=CS-YAHOO-FT-analyst_blog|company_news_-_corporate_actions-861061 |
"The company experienced significant challenges during the year," including drinkers' limited access to cash and changes to payment platforms, Delta said. "The country received heavy rains, which limited market access and inhibited outdoor consumption occasions.'" Delta, about 23% owned by the world's largest brewer, Anheuser-Busch InBev, is battling weak consumer spending and a cash crunch in Zimbabwe amid a crisis that has seen the economy shrink by about half since 2000. The company said Coca-Cola Co. and AB InBev are exploring options to restructure a long-standing bottling agreement. | not-forward | www.moneyweb.co.za | https://www.moneyweb.co.za/news/companies-and-deals/ab-inbevs-zimbabwe-unit-sales-fall-10-amid-cash-shortage/ |
Meanwhile, Daimler AG posted a net profit of roughly $8.2 billion on record sales of $145 billion as Mercedes-Benz Cars achieves new peaks for unit sales, revenue and earnings before interest and taxes. | not-forward | www.theoaklandpress.com | https://www.theoaklandpress.com/2012/02/10/daimler-mercedes-benz-financial-post-positive-results-for-2011 |
Perrigo CEO and President Murray S. Kessler commented, "Closing this transaction was another important milestone for Perrigo's transformation. We are now a leading pure-play global consumer self-care company that has significant resources to invest and has a passionate and committed team that is dedicated to making our vision a reality – To make lives better by bringing quality affordable self-care products consumers trust, everywhere they are sold. I am more excited than ever about the company's future." | not-forward | www.prnewswire.com | https://www.prnewswire.com/news-releases/perrigo-completes-divestiture-of-generic-rx-business-for-1-55-billion-301326359.html |
NOVI, Mich. — Specialty vehicle manufacturer Spartan Motors has changed its name to The Shyft Group following the divestiture of its emergency response business, the company announced Monday. | not-forward | www.trucknews.com | https://www.trucknews.com/transportation/spartan-motors-rebrands-itself-as-the-shyft-group/1003141212 |
ORRVILLE, Ohio, Nov. 21, 2022 /PRNewswire/ -- The J.M. Smucker Co. SJM today announced results for the second quarter ended October 31, 2022, of its 2023 fiscal year. Financial results for the second quarter of fiscal year 2023 reflect the divestitures of the natural beverage and grains businesses on January 31, 2022, and the private label dry pet food business on December 1, 2021. All comparisons are to the second quarter of the prior fiscal year, unless otherwise noted. | not-forward | www.benzinga.com | https://www.benzinga.com/pressreleases/22/11/n29801440/the-j-m-smucker-co-announces-fiscal-2023-second-quarter-results |
Truist Financial ( TFC - Free Report ) aims to continue bolstering its insurance business. In sync with this, the company, through its subsidiary, Truist Insurance Holdings, has announced an all-cash deal to acquire BankDirect Capital Finance for $3.4 billion. BankDirect is an insurance premium finance subsidiary of Texas Capital Bancshares, Inc. ( TCBI - Free Report ). Following this announcement, shares of Truist Financial declined 1%, while Texas Capital gained 1%. Founded in 2005, Chicago-based BankDirect has a stable portfolio of property & casualty and life insurance products. With 122 employees, it operates in five offices across the United States. The deal marks the divestiture of the entire business unit, including the equity interests of BankDirect and the associated loan balances held by TCBI. | forward | www.zacks.com | https://www.zacks.com/stock/news/1977433/truist-tfc-to-buy-bankdirect-from-texas-capital-for-34b?mod=mw_quote_news |
That's highly important in the net lease niche because net leases are really financing transactions for the seller. Essentially, they sell the asset and then instantly sign a long-term lease that usually includes regular rent bumps. And they agree to pay most property-level operating costs. The outcome is that Realty Income gets a reliable tenant. The new tenant, meanwhile, gets to keep effective control of the property they occupy while also raising cash from the asset sale to use for things like growing its business. | not-forward | www.fool.com | https://www.fool.com/investing/2025/08/26/my-2-favorite-stocks-to-buy-right-now |
Goldman Sachs Group Inc (NYSE: GS ). cut the stock to sell from neutral, slashing its target price to HK$3 from HK$15.6. Evergrande has been repeatedly downgraded in recent months, reflecting the deepening crisis at the world's most indebted developer as it scrambles to raise cash and keep creditors at bay. Two trust companies have demanded immediate repayment of some loans, people familiar with the matter said last week. "Evergrande will have to rely on asset sales or investments from potential investors to generate funds for debt servicing," Cedric Lai, a senior analyst at Moody's, said in a statement. "But these fundraising activities entail high uncertainties." With more than $300 billion of liabilities, Evergrande may roil lenders, suppliers, small businesses and millions of homebuyers should it collapse. Chinese authorities have kept quiet about their plans for the company so far, aside from urging it to resolve its debt risks. | not-forward | au.investing.com | https://au.investing.com/news/stock-market-news/evergrande-rout-worsens-with-moodys-cut-goldman-sell-call-2422020 |
Tulsa Regional Chamber President and CEO Mike Neal said he was encouraged that Lawson commended the Tulsa plant. Neal added that discussions about divestitures are a fact of corporate life, but that he was optimistic. "In the event the company sells its Tulsa operations, the chamber, city of Tulsa and other workforce and economic development partners across the region will remain engaged in encouraging buyers to continue investment in the Tulsa operations and our highly skilled aerospace and manufacturing workforce currently working in the plant," Neal said. Spirit AeroSystems operates out of the former Air Force Plant No. 3 at Tulsa International Airport. The company was formed in 2005 as a spinoff from Boeing, which had operated the Tulsa site. Prior to that, Air Force Plant No. 3 was occupied, at various times, by Douglas Aircraft, McDonnell Douglas and Rockwell. Recent rumors have focused around the complete buyout of Spirit. | forward | www.aviationpros.com | https://www.aviationpros.com/aircraft-maintenance-technology/aircraft-technology/commercial-airline/news/11079306/spirit-aerosystems-puts-tulsa-plant-up-for-sale |
On a side note, Icahn also said he would continue to push eBay Inc (NASDAQ:EBAY) to spin off PayPal. He told CNBC today that he still wants to see a spinoff of PayPal. In his last blog post regarding eBay, Icahn pushed for a 20% initial public offering of PayPal, which would keep eBay in control of 80% of the payment services provider. | forward | www.valuewalk.com | https://www.valuewalk.com/2014/03/herbalife-ltd-hlf-carl-icahn-may-sue-bill-ackman |
CALGARY – Talisman Energy Inc. should be able to announce a deal or two by year-end and expects to meet its target of selling US$2 billion in assets by mid-2015, CEO Hal Kvisle said Tuesday. | forward | halifax.citynews.ca | https://halifax.citynews.ca/2014/11/04/talisman-says-u-k-north-sea-writedowns-possible-share-price-drops |
Upstream energy player ConocoPhillips COP recently declared the completion of its planned asset sale for 2016. We note that the company generated proceeds of $1.3 billion this year, which surpassed the targeted amount of $1 billion. | not-forward | www.nasdaq.com | http://www.nasdaq.com/article/conocophillips-divests-assets-worth-13-billion-in-2016-cm722351 |
Lexmark International Inc.'s LXK second-quarter profit more than doubled as the printer maker posted a large one-time gain from the sale of its inkjet business, though margins declined. | not-forward | www.marketwatch.com | http://www.marketwatch.com/story/lexmark-net-more-than-doubles-on-inkjet-unit-sale-2013-07-23 |
Without naming Reliance Jio, Bharti Airtel Director (Finance) Harjeet Kohli in a letter to resolution professional Anish Niranjan Nanavaty said his company's request to extend the deadline was turned down by the committee of creditors (CoC) of RCom but surprisingly, the dates have been extended to accommodate submission by a bidder. Bharti Airtel, Bharti Infratel and private equity firm Varde Partners have already submitted their bids for assets of Reliance Communications, while Reliance Jio has sought extension of the asset sale deal deadline by another 10 days. Airtel has placed conditional bid to buy spectrum of RCom, while Bharti Infratel has submitted bids for mobile towers. The CoC extended the deadline by 10 days and has decided to open bid now on November 25. "To our utter shock, we have learnt that the CoC has now decided to extend the submission timeline to November 25, 2019, until 1200 hours, solely based on the request of another potential bidder," Kohli said. | forward | www.livemint.com | https://www.livemint.com/companies/news/deals-buzz-centre-explores-new-law-to-shield-global-investors-11574052271770.html |
With today's announcement, the company has completed or secured definitive agreements for selling all six operations and one project classified as held for sale in its financial statements. In December, the company sold its Cripple Creek & Victor operation in Colorado to SSR Mining Inc. for up to $275 million in cash. Price Action: NEM shares are trading lower by 1.67% at $41.34 on the last check Monday. Photo via Shutterstock. | not-forward | www.benzinga.com | https://www.benzinga.com/news/asset-sales/25/01/43236055/newmont-offloads-porcupine-mine-for-425-million-as-part-of-asset-divestiture-strategy |
The New York Times Company in May 2012 divested its remaining stake (210 Class B units) in the Fenway Sports Group, theowner of the Boston Red Sox and the Liverpool Football Club, for $63 million. Another example of asset shedding by the company was the Dec. 2011 sale of Regional Media Group, which was long grappling with shrinking advertising revenues. Waning print advertising revenues, in an uncertain economy, compelled The Times to take this tough decision of divesting Regional Media Group, part of The New York Times Media Group. This helped the company to renew its focus on its core newspapers and pay more attention to its online activities. The divestiture was also considered part of the cost-containment efforts undertaken to stay afloat in this soft environment. The New York Times Company, on Sept. 24, 2012, completed the sale of About Group, which it acquired in 2005, to InterActiveCorp for a consideration of $300 million. | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/publishing-stocks-strategic-endeavors-propel-212809750.html |
Earlier this month, the government said the disinvestment of IDBI Bank is on track as per the defined strategic sale process. Debunking media reports which indicated a possibility of deferment of IDBI Bank disinvestment, the Department of Investment and Public Asset Management ( DIPAM ) said the stake sale is in the post-EoI stage. DIPAM, which manages government holding in state-owned enterprises, in October last year invited EoIs for selling a 30.48% stake in IDBI Bank, along with LIC 's 30.24% stake in the bank. The government and LIC together hold a 94.72% stake in IDBI Bank, which will come down to 34% after the strategic sale. | forward | www.financialexpress.com | https://www.financialexpress.com/industry/banking-finance/smita-harish-kuber-appointed-as-idbi-bank-cfo-to-take-charge-from-april-1/3024671 |
In August, SoftBank Chief Executive Masayoshi Son had announced a new investment management subsidiary that would park excess cash from a massive asset sale program in liquid stocks. | forward | www.livemint.com | https://www.livemint.com/market/stock-market-news/softbank-option-purchases-raise-eyebrows-as-wall-street-backtracks-11599288234169.html |
The sale agreement comprised Nomura's 99.1% stake in Capital Nomura Securities held by Nomura Asia Investment (Singapore), including its domestic and retail brokerage businesses. The transaction was completed on 7 March after obtaining approvals from the Bank of Ayudhya's shareholders, the Bank of Thailand, and other relevant regulatory agencies. | not-forward | law.asia | https://law.asia/baker-mckenzie-assists-nomura |
In 2021, Novartis sold its 33% stake in Roche for $20.7 billion. The company has been a shareholder of RHHBY since May 2001. Novartis was reportedly looking for strategic acquisitions in the pharma space using the cash proceeds from its stake sale in Roche. | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/novartis-nvs-reportedly-looking-sell-150103963.html |
The unit, however, has seen falling sales in the last four quarters, prompting Coty's decision to reduce its exposure to the professional segment. Coty also owns other cosmetic brands such as Rimmel and Max Factor as well as skin care firms Lancaster and Philosophy but has struggled for years to integrate such a wide range of products. Its 2016 purchase of a slice of Procter & Gamble's beauty business, which included Covergirl and Max Factor, forced it to take billions of dollars in write-downs and outline a four-year restructuring plan. Its debt load stood at $7.7 billion at the end of June. Coty's boss Pierre Laubies said in October the sale would improve the company's ability to invest in areas with significant growth potential, but added that proceeds from any deal would be used to pay down debt and return excess cash to shareholders. | not-forward | www.euronews.com | https://www.euronews.com/2019/11/21/exclusive-unilever-henkel-and-buyout-funds-eye-bids-for-cotys-7-billion-beauty-brands-sources |
MELBOURNE: Veris Limited has sold Elton Consulting Pty Ltd to WSP Australia Pty Limited for $13million. The sale of Elton will result in a significant reduction in net debt and a cash injection that will significantly strengthen Veris' balance sheet allowing the company to focus on growth opportunities within its core business Veris Australia, and Aqura Technologies. Elton has contributed earnings of approximately $4.3 million to the Group since Veris acquired the business in 2018. The terms of the sale were agreed through an unconditional Share Sale Agreement with WSP Australia Pty Limited which has now settled. Veris confirms that no shareholder approval was required to complete the sale. The cash consideration will be used for retiring debt and improving the Veris balance sheet and cash position. The sale will result in more favourable terms in relation to Veris' finance facilities and associated ongoing interest savings. Veris Managing Director Adam Lamond commented. | not-forward | newsnreleases.com | https://newsnreleases.com/2019/11/21/veris-limited-sells-elton-consulting-for-13mn |
PepsiCo on Friday reported blended quarterly outcomes as North American demand for its meals and drinks weakened. Shares of the corporate fell greater than 2% in premarket buying and selling. This is what the corporate reported in contrast with what Wall Avenue was anticipating, primarily based on a survey of analysts by Refinitiv: Pepsi reported fourth-quarter internet revenue of $1.3 billion, or 94 cents per share, up from $518 million, or 37 cents per share, a 12 months earlier. Excluding gadgets, the meals and beverage large earned $1.78 per share. Internet gross sales dropped 0.5% to $27.85 billion. Forex trade charges dragged internet gross sales down by 1.5%. Pepsi's natural income, which excludes acquisitions and divestitures, rose 4.5% within the quarter, helped by larger costs. However those self same raised costs have damage demand for the corporate's meals and drinks. Pepsi's quantity, which strips out pricing and forex modifications, slid once more this quarter. | not-forward | news89.com | https://news89.com/pepsico-pep-this-fall-2023-earnings |
In separate closings on August 1 and August 16, 2018, Bayer AG, a global enterprise with core competencies in the Life Science fields of health care and agriculture, completed one of the largest antitrust enforcement divestitures in history by selling their agricultural businesses and assets for US$9 billion to German chemical company BASF SE. The assets included Bayer's canola, soybean and vegetable seed businesses, as well as its Liberty herbicide business, all of which competed with Monsanto products. German in-house lawyers Thomas Reuter (corporate) and Paul Fort (merger control) led the global effort for Bayer, assisted in the US by John Fred (antitrust) and in Canada by Curtis Bunz (corporate). | not-forward | www.lexpert.ca | https://www.lexpert.ca/article/bayer-ag-divests-9b-agriculture-business-to-basf/?p=1&sitecode=lex |
Our Houston office represented Vega Energy Partners, Ltd. in its divestiture of its 15 percent interest in Stonewall Gas Gathering, a West Virginia pipeline company, to DTE Energy. The deal was a part of a larger transaction totaling US$1.3 billion between DTE Energy, M3 Midstream and Vega, in which DTE also purchased a 40 percent interest of SGG and 100 percent interest of Appalachia Gathering System from M3 Midstream. These natural gas assets cut across both the Marcellus and Utica shale regions and gather assets in the Appalachian region for markets in the Great Lakes. The team, led by Ned Crady, included Bobby Phillpott, David Peterman, Kasyn Stevenson and Mark Hamrick (Houston). | not-forward | www.nortonrosefulbright.com | https://www.nortonrosefulbright.com/en-us/news/f2597d2b/houston-represents-vega-energy-in-us13bn-transaction-of-natural-gas-assets |
Although a 5 per cent stake sale in ONGC has also been approved by the CCEA, but a delay in fuel subsidy sharing roadmap could delay the Rs 14,000 crore stake sale in Oil and Natural Gas Corp (ONGC), sources said. | forward | www.businesstoday.in | https://www.businesstoday.in/latest/economy-politics/story/psus-stake-sale-in-fy16-50700-2015-04-13 |
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