Asset Sales Archives - Page 12 of 70

2 minute read

Brown-Forman Announces Sale Of Cooperage In Trinity, Alabama, To Independent Stave Company, Closing, Expected By May 1, 2024; No Financial Terms Disclosed

February 16, 10:03 AM

Facility Will Continue To Produce Barrels For Jack Daniel's Tennessee WhiskeyBrown-Forman Corporation (NYSE:BFA, BFB)))) announced the sale of its cooperage in Trinity, Alabama, to Independent Stave Company (ISCO). The

BFA

3 minute read

RedBird IMI To Acquire Global Production Company All3Media From Its Joint Owners, Warner Bros. Discovery And Liberty Global For £1.15 Billion

By Benzinga Newsdesk

February 16, 9:42 AM

RedBird IMI today announced that it has agreed to acquire All3Media, one of the world's leading independent television production and distribution companies, from its joint owners, Warner Bros. Discovery, Inc.

LBTYA

1 minute read

Ashford Hospitality Trust Announces Progress In Deleveraging Plan With Agreement To Sell The Residence Inn Salt Lake City For $19.2M

By Benzinga Newsdesk

February 16, 9:11 AM

Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced that it has signed a definitive agreement to sell the 144-room Residence Inn located in Salt Lake City, Utah (the "Hotel") for

AHT

3 minute read

AngioDynamics Announces Sale Of PICC And Midline Product Portfolios To Spectrum Vascular For $45M

By Benzinga Newsdesk

February 15, 5:30 PM

Portfolio optimization enhances strategic focus and follows initiative to restructure manufacturing footprintCompany to discontinue sales of radiofrequency ablation and Syntrax productsAngioDynamics, Inc. (NASDAQ:ANGO),

ANGO

2 minute read

Seattle’s Office Space Dives: 98.7% Dip Reflects Tech Storm, Hybrid Shifts

By Piero Cingari

February 14, 2:20 PM

Seattle's CBD office property transactions plummeted by 98.7% in 2023 due to job losses in the tech sector and hybrid working models. Vacancy rates and prices are also on the rise.

AMZN

2 minute read

Building Blocks of Success: Martin Marietta Materials Beats On Earnings, Eyes Recovery Despite Housing Wobble

By Lekha Gupta

February 14, 12:43 PM

Martin Marietta Materials reported Q4 FY23 results, with revenue of $1.608B and EPS of $4.63. The company expects strong demand for aggregates in FY24.

MLM

2 minute read

Eversource’s Q4 Earnings Miss, Offshore Wind Business Exit, Eyes Water Distribution Business Sale & More

By Lekha Gupta

February 14, 7:15 AM

Eversource Energy reported Q4 FY23 revenue of $2.69B, missing consensus of $3.24B. Adjusted earnings rose to $333.5M but adjusted EPS of $0.95 missed consensus. FY24 adjusted EPS outlook is $4.50-$4.67.

2 minute read

Why Ecommerce Platform ContextLogic Shares Are Rocketing Today?

By Lekha Gupta

February 12, 11:18 AM

ContextLogic Inc (NASDAQ: WISH) soars 35% as it plans to divest its Wish ecommerce platform assets to Qoo10 for $173 million, representing a significant premium. Post-divestment, WISH will be debt-free with substantial net cash proceeds and aims to monetize its tax assets, exploring financial sponsor opportunities for value realization.

WISH

2 minute read

Kingswood Capital Management Acquires Progress Lighting From Hubbell; No Financial Terms Disclosed

By Benzinga Newsdesk

February 12, 10:04 AM

Kingswood Capital Management, LP (together with its affiliates, "Kingswood") announced today that it has acquired Progress Lighting, LLC ("Progress Lighting" or the "Company") from Hubbell Incorporated (NYSE:HUBB).

HUBB

1 minute read

‘Flynn Group, World’s Largest Franchisee, Explores $5B+ Sale’ – Reuters News

By Benzinga Newsdesk

February 8, 3:23 PM

https://www.reuters.com/markets/deals/flynn-group-worlds-largest-franchisee-explores-5-bln-plus-sale-sources-2024-02-08/Flynn Group, the world's largest franchisee operator of restaurants and fitness clubs, is exploring

YUM