Asset Sales Archives - Page 14 of 70

2 minute read

Alibaba Plans to Sell Off Grocery and Retail Assets, Doubles Down on E-Commerce Core

February 2, 11:59 AM

Alibaba (NYSE: BABA) is exploring the sale of non-essential assets, including its grocery business Freshippo, to focus on core e-commerce operations under new leadership. Shares down 0.76%.

BABA

2 minute read

Petroleum Refineries Major Phillips 66 Shares Are Up Today: Details

By Lekha Gupta

January 31, 12:51 PM

Phillips 66 reports strong Q4 results, beating expectations with EPS of $3.09 and revenue of $38.74B. Plans to sell assets and return $13-15B to shareholders by 2024.

PSX

2 minute read

Specialty Vehicles Manufacturer REV Group Shares Are Surging Today: What’s Going On?

By Lekha Gupta

January 29, 1:04 PM

REV Group Inc (NYSE: REVG) surges over 7% as it unveils strategic initiatives. The sale of Collins Bus Corporation for $303.0 million and the exit from transit bus manufacturing mark significant changes. A special dividend of $3.00 per share, payable on February 16, 2024, reflects the company's commitment towards shareholders.

REVG

3 minute read

Evergrande Liquidation’s ‘Snowball Effect’: What’s Next For China’s Troubled Real Estate Sector?

By Piero Cingari

January 29, 10:18 AM

Hong Kong court orders liquidation of China Evergrande, biggest real estate developer, sending shockwaves through financial community.

BABA

2 minute read

Wind Of Change: Energy Giants Equinor & BP Give Offshore Wind Power Project Deal A Second Chance

By Lekha Gupta

January 26, 8:21 AM

In a cash-neutral move, Equinor and BP redefine offshore wind territories. While Equinor eyes NY's offshore ambitions, BP takes the helm of Beacon Wind projects. The deal, set to close in Q2 or Q3 2024, reshapes both companies' strategies without impacting Equinor's adjusted earnings.

1 minute read

Lightning eMotors To Sell Substantially All Assets For $12.6M

By Benzinga Newsdesk

January 25, 5:24 PM

Lightning eMotors, Inc. (OTC:ZEVY) and its wholly owned subsidiary, Lightning Systems, Inc. (together, the "Company"), a provider of zero emission medium-duty commercial vehicles and electric vehicle technology for

ZEVY

1 minute read

Star Equity Holdings Announces $5.9M Sale-Leaseback Transaction For Its South Paris, Maine Facility

By Benzinga Newsdesk

January 25, 9:13 AM

Star Equity Holdings, Inc. (NASDAQ:STRR, STRRP)))) ("Star" or the "Company"), a diversified holding company, announced today that Star Real Estate Holdings USA, Inc. ("SRE"), the real estate arm of the Company's

STRR

1 minute read

Ørsted Has Signed An Agreement With Eversource To Acquire Eversource’s 50% Share Of Sunrise Wind, A 924 Mw Offshore Wind Farm Which Would Deliver Power To New YorkØrsted has signed an agreement with Eversource to acquire Eversource’s 50 percent share o…

By Charles Gross

January 24, 6:32 PM

Ørsted has signed an agreement with Eversource to acquire Eversource's 50 percent share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York. The acquisition is subject to the

2 minute read

Walgreens Explores Options for Shields Health in Potential $4B Deal As Part of Turnaround Strategy

By Vandana Singh

January 24, 11:44 AM

Walgreens' strategic move: Potential $4 billion sale of Shields Health Solutions, part of a broader financial strategy. CEO Tim Wentworth addresses challenges and cost-cutting measures.

WBA

1 minute read

Neptune Wellness Solutions To Explore Strategic Alternatives For Sprout Organics

By Benzinga Newsdesk

January 24, 10:08 AM

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) today announced the appointment of Stifel Nicolaus Canada Inc. ("Stifel") to act as exclusive financial advisor to the Company's organic baby food and toddler brand, Sprout

NEPT