Asset Sales

Gold can maintain a firm upward trajectory into the second half of 2025, the World Gold Council's mid-year outlook said. With precious metal already up around 26% year-to-date, analysts outline persistent geopolitical risk, sustained central bank demand, and weakening U.S. dollar as key drivers for...

The home appliance giant has decided to sell nearly half of its fast-growing Indian arm to accelerate its drive for greater localization Key Takeaways: Haier is reportedly considering a plan to sell 49% of its India business, which brought in more than $1 billion in revenue last year, to a local...

Boyd Gaming Corporation (NYSE:BYD) has agreed to divest its 5% stake in FanDuel Group to Flutter Entertainment plc (NYSE:FLUT) for $1.755 billion in cash. The deal is expected to be finalized in the third quarter of 2025, pending regulatory green lights. Boyd said it will channel the funds into...

Kraft Heinz Co. (NASDAQ:KHC) announced Thursday that it has entered into a definitive agreement to divest its infant and specialty food portfolio in Italy to NewPrinces Group, one of the region’s top food and beverage producers. The financial terms of the deal were not disclosed. The sale...

Starbucks Corp. (NASDAQ:SBUX) is reportedly attracting strong investor interest in its China unit, with potential stake valuations reaching up to $10 billion. CNBC reports that close to 30 private equity firms, both domestic and international, have submitted non-binding bids for a stake in...

In a move underscoring persistent concerns about Allegiant Travel Company’s (NASDAQ:ALGT) financial health, Bank of America Securities analyst Andrew G. Didora reiterated the Underperform rating on the company, lowering the price forecast from $50 to $45. Didora notes that Blackstone Real...

Honeywell International Inc. (NASDAQ:HON) announced Monday that it is weighing strategic options for two of its logistics-focused business units, part of an ongoing restructuring designed to streamline operations ahead of a major corporate split slated for 2026. Honeywell is exploring potential...

Australian miner South32 (NYSE:SOUHY) has agreed to sell its Cerro Matoso ferronickel mine in northern Colombia to an industrial conglomerate, CoreX Holding, in a deal valued at up to $100 million. The agreement includes a nominal upfront payment, with additional payments tied to future nickel...

New On The Block Abry Partners hired JPMorgan Chase to find a buyer for physician social network Sermo, Axios reports. Bids are expected to be between $600 million and $800 million. Boston-based Abry first invested in Sermo in 2019. Verint Systems Inc. (NASDAQ:VRNT), a provider of call center...

New On The Block Bahama Breeze may soon be gone with the wind. Darden Restaurants (NYSE:DRI) is considering selling the Caribbean-inspired chain or repurposing all its locations. The decision comes after Darden closed 15 Bahama Breeze restaurants in May, leaving just 28. Guru Focus reported that...

New On The Block Spanish La Liga club Getafe is considering a sale, per The Telegraph. On the buyside is Fenway Sports Group (FSG), the Boston-based firm led by billionaire John W. Henry. FSG already owns Liverpool FC, the Boston Red Sox and Pittsburgh Penguins. Ángel Torres, Getafe's current...

The founder of the cancer drug developer has cashed out part of his holdings after the stock hit a price peak, raising questions about the firm's earnings outlook Key Takeaways: The company finally posted an annual profit last year, but the achievement came on the back of upfront licensing...

Cango Inc. (NYSE:CANG) has sharpened its focus on cryptocurrency mining through a sweeping overhaul of its operations, ownership, and leadership. The Hong Kong-based firm exited its legacy business in mainland China, added new shareholders, and scaled up its Bitcoin (CRYPTO: BTC/USD) mining...

UnitedHealth Group Inc (NYSE:UNH) is reportedly weighing multiple offers for its Latin American business as it scrambles to recover from a string of corporate stumbles, including a leadership shakeup and a reported federal investigation. The potential sale, involving its Banmedica unit, comes as...

Baker Hughes Co. (NASDAQ:BKR) announced on Monday that it will sell its Precision Sensors & Instrumentation (PSI) unit to Crane Company (NYSE:CR) for approximately $1.15 billion in cash. The move is part of Baker Hughes’ broader strategy to streamline its portfolio and reallocate capital...