Asset Sales

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...

New On The Block Byron Allen's Allen Media Group has hired Moelis & Company to explore a sale of its TV stations across 21 markets. The company spent over $1 billion acquiring Big Four network affiliates (ABC, NBC, CBS, FOX) over the past six years. It is now looking to cash out and reduce...

Venus Concept Inc. (NASDAQ:VERO) shares are trading higher on Friday after disclosing that the firm entered into definitive agreements to purchase and sell 434,720 shares of common stock at a purchase price of $2.65 per share in a registered direct offering. In a concurrent private placement, the...

Conagra Brands Inc. (NYSE:CAG) agreed to sell its Van de Kamp’s and Mrs. Paul’s frozen seafood brands to High Liner Foods for $55 million in cash. The transaction is expected to close by the end of July 2025. The two seafood brands generated roughly $75 million in net sales during...

Anglo American (OTCQX:AAUKD) is nearing the start of a formal sales process for its diamond unit, De Beers. The firm has owned the brand since 2011, but a comprehensive restructuring following a failed $49 billion bid from BHP last year has led the firm to focus on other commodities. According to...

Dow Inc. (NYSE:DOW) disclosed the signing of a sale and purchase agreement to divest its 50% stake in DowAksa Advanced Composites Holdings BV to its joint venture partner, Aksa Akrilik Kimya Sanayii A.Ş, for about $125 million. The proceeds imply an enterprise value of around 10 times the projected...

Hyperscale Data, Inc. (AMEX:GPUS) on Monday disclosed that it has sold its minority equity stake in a private pharmaceutical firm for gross cash proceeds of $4.65 million. Hyperscale Data originally acquired this position for $1.5 million through multiple closings three to four years ago. This...

Wells Fargo & Company (NYSE:WFC) on Thursday disclosed a definitive deal to divest the assets of its rail equipment leasing division to a newly formed joint venture between GATX Corporation (NYSE:GATX) and Brookfield Infrastructure Partners LP (NYSE:BIP) for $4.4 billion. In particular, the...

ExxonMobil Corp. (NYSE:XOM) said on Wednesday it has entered exclusive negotiations to sell its controlling interest in Esso SAF to North Atlantic France SAS, signaling a significant realignment of its business in France. The deal would transfer ExxonMobil’s 82.89% stake in the company and is...

Gevo Inc. (NASDAQ:GEVO) reported on Wednesday that it has agreed to sell its ethanol subsidiary, Agri-Energy LLC, to A.E. Innovation LLC for $7 million. The deal includes Gevo’s idle 18-million-gallon-per-year ethanol plant in Luverne, Minnesota, which has been offline since 2022. Gevo will...

Global Payments Inc. (NYSE:GPN) shares are trading higher premarket on Wednesday after the company disclosed a deal to sell its Payroll business, Heartland Payroll Solutions, to Acrisure for a total consideration of $1.1 billion. The sale of its Payroll division marks another move in the company...

The Travelers Companies, Inc. (NYSE:TRV), on Tuesday, entered into a definitive agreement to divest its personal insurance and most of its commercial insurance operations in Canada to Definity Financial Corporation (DFY) for around $2.4 billion. The deal, valued at 1.8x book value after accounting...