Divestitures

Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) could see shares plummet up to 25% if a federal judge orders Google to divest its Chrome browser, according to Barclays analysts, as the tech giant awaits a crucial antitrust remedy decision expected in August. What Happened: Google and the Department of...

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced Wednesday that it is divesting its subsidiary business, C³ Cannabinoid Compound Company GmbH, to Dermapharm Holding SE, a European pharmaceutical company headquartered in Grünwald, Germany. Deal Details The transaction...

Private equity firm Thomas H. Lee Partners, L.P. has agreed to acquire Brooks Automation Inc's (NASDAQ: BRKS) Semiconductor Solutions Group business in a transaction valued at $3 billion. The transaction is likely to close in the first half of CY22. The automation business,...

ICU Medical Inc (NASDAQ: ICUI) has agreed to acquire Smiths Group plc's Medical division in a transaction that will create an IV therapy company and simplify customer workflow.  The Smiths Medical business includes syringe & ambulatory infusion devices, vascular...

Roper Technologies Inc (NYSE: ROP) has agreed to sell its Zetec business to Eddyfi/NDT in an all-cash transaction valued at ~$350 million.  Zetec generated ~$64 million of revenue and $17 million of EBITDA over the last 12 months. The transaction is expected to close...

Amid a reorganization scheme aimed at slashing costs and prioritizing blockbuster immunology Dupixent, Sanofi SA (NASDAQ: SNY) will offload 16 consumer health products to Germany's Stada Arzneimittel.  Under the deal, which is expected to close in the third...

Omnicom Group Inc’s (NYSE: OMC) Omnicom Media Group subsidiary announced the sale of the specialty media company, ICON International, to ICON’s management team. The financial terms of the transaction were not disclosed. The sale of ICON is part of Omnicom’s...

Teleflex Incorporated (NYSE: TFX) has agreed to sell a significant portion of its Respiratory business to Medline Industries Inc for $286 million in cash, reduced by $12 million in working capital not transferring to Medline. The divested product lines include oxygen and...

Liminal BioSciences Inc (NASDAQ: LMNL) has agreed to sell its plasma collection and plasma-derived therapeutics business to Kedrion S.P.A. Under the Share Purchase Agreement, Liminal will enter into an option agreement with Kedrion for the right to acquire the remainder of the...

Industrial software company Aspen Technology Inc (NASDAQ: AZPN) is exploring options for a potential minority stake sale involving large industrial firms and buyout funds, Bloomberg reports. Aspen manufactured software for companies in chemicals, manufacturing, energy, metals,...

Back-end semiconductor equipment and services provider, Cohu Inc (NASDAQ: COHU), inked an agreement to divest its Printed Circuit Board Test Group (PTG) business to Swedish high-tech company Mycronic AB (OTC: MICLF) for $125 million. The PTG business reported sales of $52....

Verizon Communications Inc (NYSE: VZ) is near a deal to sell Yahoo and AOL to the private equity firm Apollo Global Management Inc (NYSE: APO), renouncing its digital ad competition with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google and ...

Bausch Health Companies Inc (NYSE: BHC) said in August that it would spin off its eye-care unit and operate it as an independent, publicly traded company. As a standalone company, Bausch + Lomb could be valued at $20 billion to $30 billion, according to Bloomberg Intelligence. The...

Vertically integrated cannabis company Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX: HRVSF) revealed Tuesday afternoon its total revenue spiked 98%, reaching $231.5 million in 2020. Total revenue in the fourth quarter amounted to $69.9 million, representing a year-over-year increase of 85...